Sprout Solutions, an HR-tech startup backed by Wavemaker Partners and Kickstart Ventures, has raised $6 million in its Series A funding round while myBOSS, a startup engaged in back-office shared services, has raised funding from Monstar Lab.
Wavemaker-backed Sprout Solutions raises $6m in Series A
Sprout, launched in 2015 by co-founders Patrick Gentry and Alex Agbayani Gentry, provides artificial intelligence and predictive analytics to HR. The funding round was also backed by Dymon Asia, Next Billion Ventures, and Endeavor Catalyst.
Sprout serves more than 300 clients, including some of the Philippines’ largest companies by headcount.
Japan’s Monstar Lab invests in myBOSS
myBOSS provides back-office shared services through technology solutions such as accounting, bookkeeping, payroll, HR, administrative assistance, among others.
The startup said the funding from Monstar Lab will help it set up a startup studio that will provide an ecosystem for its community of entrepreneurs. The lab will be launched this month and will be called Monstar Hub Philippines.
The studio will provide a working space for entrepreneurs seeking technology advancement and innovation, according to the release. This is the second Monstar hub that will be set up after Bangkok.
Monstar Lab CEO Hiroki Inagawa saw the alignment of a partnership with myBOSS to its objective of providing seamless digital strategy, design and development services for the region’s growing demands.