Buk Raises $50M in Series B

Buk has successfully raised $50M in a Series B at a $450M valuation led by Greenoaks, Sequoia Capital.

Company Overview

Buk is a HR Tech company headquartered in Santiago, Chile, founded in 2017 with 500+ employees.

HR and payroll management software

Fundraising Details

Amount Raised: $50M
Round Type: Series B
Valuation: $450M
Date: 2025-01-15
Investors: Greenoaks, Sequoia Capital

About Buk

HR and payroll management software The company is positioned in the HR Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Santiago, Chile
Founded: 2017
Team Size: 500+
Industry: HR Tech

What This Means

This funding round demonstrates strong investor confidence in Buk's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HR Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Buk's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $450M valuation marks an important milestone for Buk, positioning the company among notable players in the HR Tech industry.

Looking Ahead

With this new capital, Buk is well-positioned to execute on its growth strategy and continue building innovative solutions in the HR Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-01-15. For more information about Buk, visit their headquarters at Santiago, Chile.