Cloud human resources management platform SmartHR has secured $13.8m in a Nissen and Tokio Marine & Nichido-backed round.

Japan-based human resources software provider SmartHR has raised ¥1.5bn ($13.8m) in series B capital from investors including corporates Nissen Group and Tokio Marine & Nichido Fire Insurance, The Bridge reported on Tuesday.

Insurance firm Tokio Marine & Nichido and marketing agency Nissen participated alongside a special purpose vehicle formed by venture capital firm 500 Startups Japan as well as undisclosed corporate venturing units, institutional backers and angel investors.

Founded in 2015 as Kufu, SmartHR has built a cloud-based software platform…

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