INTEGRITES assisted Sturgeon Capital with due diligence of PeopleForce News/Projects
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INTEGRITES assisted Sturgeon Capital*, the UK-based investment boutique, with the due diligence of PeopleForce**, an HRM solution provider for small and medium businesses with main operations based in Kyiv, Ukraine. Following the successful due diligence, Sturgeon Capital, with the participation of other strategic investors, has closed its first investment in Ukraine – USD 700K round for PeopleForce. The capital injection will be used to develop new features, grow the internal team, expand into new markets, and increase brand awareness.

For Sturgeon Capital the investment into PeopleForce has become the twelfth round since 2016, within Fund I and Fund II with the focus on technology-enabled businesses.

The due diligence performed by INTEGRITES specifically addressed corporate rights, including historical transfers, main business contracts, leases, employment arrangements and IP over the software solutions.

Led by Partner and Head of Corporate and M&A at INTEGRITES, Illya Tkachuk, the team working on the case included Senior Associate Anton Babak, Junior Associate Sofia Movchanets, and Paralegal Olha Bolotina.

*Sturgeon Capital is a London-based venture capital firm, investing in early-stage technology startups solving the key problems affecting the day to day lives of businesses and consumers in frontier markets.

**PeopleForce offers a complex HRM solution to support businesses in onboarding, hiring, time tracking, performance management, employee engagement and much more. The company is present in 14 countries, managing over 60,000 employees and serving such clients as Rakuten, BMW, Ajax Systems, Parimatch, ARX, SeRanking, SkyUp, Reply.io.

Эта запись также доступна на: Russian, Ukrainian

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