Digital payroll platform Skuad raises $4 million in seed funding

Skuad has raised $4 million from BEENEXT, Anthemis Group, Alto Partners Multi-Family Office along with CEO of Zenius Education- Rohan Monga, among others.

The fresh funds raised in the seed funding round will be utilised to increase the company’s remote employment infrastructure along with scaling its team in various geographies.

“With Skuad, we are on a mission to enable companies to build teams with global talent quickly while opening up amazing opportunities for top talent to realize their dreams to work for startups as well global companies even if they are not geographically co-located,” stated Sundeep Sahi, chief executive officer at Skuad, in a release.

The financial details of the transactions were not disclosed.

“As an enabler of operationalising distributed teams, Skuad brings in simplicity and seamlessness to hiring while doing away with expansion or capacity constraints,” stated Dirk Van Quaquebeke, managing partner at BEENEXT.

-AK

Edit: Skuad was mistakenly mentioned as Squad in an earlier update.

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Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of  economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.

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