South Korea-based HR management platform flex raised $32m in its Series B round, while Australia-based NFT gaming platform Balthazar raised $3m dollars via a token sale led by Animoca Brands.
South Korea flex raises $32m in Series B
South Korea-based human resource management platform flex has pocketed $32 million in its Series B funding round led by US investment firm Greenoaks Capital, with participation from DST Global Partners, reported TechCrunch.
The latest cycle brings the company’s valuation to $298 million. With that, the company has raised a total of $42 million so far.
The company will use the proceeds to expand its operations and increase its workforce.
Founded in 2020, flex enables companies to automate and streamline manual HR work processes and focus more on people.
Lead investor Greenoaks Capital has also backed South Korean unicorn Coupang.
Australian Balthazar raises $3 million in token sale
Animoca Brands, which holds a portfolio of over 150 investments in NFT-related businesses and decentralized projects, was the top token buyer in the round. He will provide advisory services to Balthazar.
Other token buyers include Finder Group (via Hive Empire Capital, led by Fred Schebesta), Zip co-founder Larry Diamond, Digital Asset Capital Management (DACM), Fantom, ZED Run, Darling Ventures, Pluto Digital, based in San Francisco. VC Side Door Ventures, Algorand and TPS Capital of Three Arrows Capital.
Launched in September 2021, Balthazar is a community-driven platform that aims to remove barriers to entry so players can access gambling games to win through its scholarship program with no upfront cost.