Employease Boosts Market Position With $20 Million in Venture Capital

Employease Inc., provider of online service for managing and communicating employee, benefits and payroll information, recently received $20 million in venture capital.

Bowman Capital Management was the lead investor for this round of funding and other investors include Hummer Winblad Venture Partners, SSM Ventures, Lovett Miller & Co. Incorporated, Madrona Venture Group and 21st Century Internet Venture Partners.

Employease plans to use this round of financing to expand marketing and sales efforts by increasing the size of the direct sales force, pursuing additional distribution relationships, enhancing its direct marketing program, and launching an advertising campaign.

In total, Employease has secured more than $37 million in venture capital funding and its backers are impressed with its business model. "Not only is Employease delivering HR capabilities in a better way, the company is also providing the e-commerce, workflow and communication platform for the entire human resources and employee benefits industry," said Matthew Cowan, general partner at Bowman Capital, in a press release.

Employease offers technology solutions that connect employers with their service providers via a single business-to-business network in order to simplify the fundamental business processes of managing and communicating human resource, employee benefits and payroll information. More than 900 employers and 70 service providers have contracted with the company to automate HR and benefits administration processes inside and outside of their organizations.

"This round of funding enables us to scale our business quickly, solidify our leadership position in the market," said Phil Fauver, president and chief executive officer of Atlanta-based Employease.