PeopleForce, a Ukrainian-Polish startup developing an all-in-one HR platform, has raised $5.38 million in a Pre-Series A funding round to accelerate its expansion in Poland. The round was co-led by Pracuj Ventures and u.ventures, which were also joined by Dnipro VC and Sturgeon Capital. PeopleForce shared the details with AIN.

About PeopleForce

  • Founded in 2019 by Andrew Cetinic, PeopleForce is an all-in-one HR platform designed to provide the best employee experience and streamline HR processes at every stage of the employee life cycle.

  • According to the company, PeopleForce is already recognized as one of the leaders in the HR tech sector. It serves over 1,300 clients in 30 countries and has over 100,000 active users. 

  • The platform has already been trusted by well-known brands such as Autenti, eSky Group and Brand24 in Poland, as well as TestDevLabs, Paysera and Ajax Systems in international markets.

“Over the past 12 months, we have achieved a global ARR increase of 80%. In our key markets, the results were even more impressive – both in Poland and in Latin America, we recorded a 2.5-fold increase in revenue,” commented Mykola Mykhaylov, co-CEO of PeopleForce.

Investment details

The pre-series A round is $5.38 million. It excludes any previous investments and does not include the investment from Pracuj Ventures.

  • The round was co-led by Pracuj Ventures, one of the leading HR technology-focused funds in Central Europe.

“PeopleForce's innovative approach to HR automation positions them as a leader in transforming human resources management. The team has demonstrated a clear strategic vision and the ability to execute effectively. Their commitment to delivering exceptional value to clients aligns perfectly with our investment philosophy,” emphasised Paweł Leks, Managing Partner at Pracuj Ventures. 

  • u.ventures, a Chicago-based fund with Ukrainian roots, is also one of the lead investors in this round. Upon request from AIN, the fund confirmed the investment and informed that their investment in PeopleForce could range from $250,000 to several million.

  • The investors were also joined by Dnipro VC, a Silicon Valley venture capital fund specializing in early-stage investments, and Sturgeon Capital, a leading frontier markets investment boutique with headquarters in London.

“Thanks to this investment, we plan to expand local GTM teams and further automate HR processes, adapted to the specifics of each market – in order to support the development of our clients even more effectively,” added Mykola Mykhaylov.

The fresh funds will allow PeopleForce to strengthen its presence in Poland, Mexico, and Colombia – three key regions with dynamic growth. The funding raised will accelerate PeopleForce’s expansion and support its mission of global HR process transformation.