BBVA-backed venture firm Propel Venture Partners led the series A round, which came after a $2.1m seed round for the employee benefits software provider in 2015.
EaseCentral, a US-based producer of human resources management software, has raised $6.5m in a series A round led by Propel Venture Partners, an independently-managed venture capital firm backed by Spain-based bank BBVA.
VC firms Freestyle Capital, Compound, Upside Partnership and Transmedia Capital also participated in the round, which followed $2.1m of seed funding from Freestyle, Upside Partnership, Compound (then known as Metamorphic Ventures), Transmedia Capital and Deep Fork Capital in 2015.
EaseCentral has built a platform that faciliiates the enrolment of employees in employer benefits schemes. It disclosed the funding along with the launch of an app version of its employee-facing benefits platform and a tool that allows the software to be integrated with business outsourcing company ADP.
Ryan Gilbert, partner at Propel Venture Partners, said: “They [EaseCentral] know insurance and have coupled their first-hand experience in this complex market with the technical strength and vision to rapidly advance the whole industry.”
