Japan-based TeamSpirit has raised funds from Nippon Venture Capital, SMBC Venture Capital and Nissay Capital in a $1.1m Series B round.

SMBC Venture Capital, a venture capital unit of Sumitomo Mitsui Banking Corporation, has participated in a Y100m ($1.1m) series B round for TeamSpirit, a local company which develops and provides a cloud-based human resource management.

There was also involvement in the B round from venture capital firms Nissay Capital and Nippon Venture Capital.

The funding follows a series A round in 2011 from by US-based software provider Salesforce.com and Force.com.