Move Guides, a London startup that helps companies relocate their staff around the world, has raised $8.2m (£5.1m) in Series A funding to help fund its expansion into Asia. The three-year-old company has offices in London, San Francisco and New York and is just about to open one in Hong Kong. It will have 30 staff by the end of this year and the funding means it could treble its team to between 75 and 90 people by the end of 2015, CEO and founder Brynne Herbert told MT.
Move Guides, a London startup that offers ‘talent mobility’ software in the cloud to help companies manage the relocation of their employees, has raised an $8.2 million Series A round led by New Enterprise Associates (NEA). Existing investor Notion Capital also participated, along with individual investors Andy Leaver (ex-VP EMEA and APAC, Workday) and David Windley (ex-CHRO Yahoo!). A classic Software-as-a-Service enterprise play, Move Guides aims to disrupt incumbents, such as Cartus and SIRVA, for companies who would normally outsource their employee relocation needs, as well as be suitable for those who run their talent mobility programs in-house. It’s cloud-based solution, dubbed Talent Mobility Cloud, brings together companies, employees and global vendors (shipping, real estate, immigration, tax and more) all into a single platform, helping to solve an increasing paint-point for HR departments in which more and more employees are becoming mobile — requiring the moving of talent around the world for new jobs, relocations, projects and “expatriate assignments,” according to the company.