Formerly known as Novapost, French startup PeopleDoc raised a $17.5 million round led by Accel Partners. Existing investors Alven Capital and Pierre Kosciusko-Morizet’s Kernel Investissements also participated. PeopleDoc lets you paperlessly manage all your HR documents. The main solution is a unified platform for every document from job offers to digital payslips. It isn’t just a one-off solution, as you need to manage HR documents all the time. It creates a recurring revenue stream — and it seems like the products are quite sticky as well.
“PeopleDoc has never lost a customer which speaks very highly to the strength of its solution,” Accel partner Philippe Botteri said. So far, the company has attracted 150 companies, such as Starbucks, Total or Motorola. The startup now has offices in New York, Boston and Paris. It signed with multiple big companies in France, but it’s still early in the U.S.