The New York based payroll and employee benefits platform raised a $30m Series D round on Tuesday. The fundraise was led by Sequioa Capital and included participation from Matrix Partners, True Ventures and Greenspring Associates.
The follow-on to its Series C round last June boosts the New York-based company’s total outside funding to $107.8 million and also includes investors Matrix Partners, True Ventures, and Greenspring Associates. Namely didn’t disclose the valuation, but the money will go toward development projects that make it simpler to use its applications in collaboration with other back-office systems built for managing the operations of midsize companies. An example is the technical relationship that Namely disclosed last month with NetSuite, a provider of business management software.