Smartree Romania SRL, a Bucharest, Romania-based human resources outsourcing company, has revieved a €3m majority investment from Enterprise Venture Fund I (EVF), the venture capital fund managed by Enterprise Investors (EI).
The deal allows EVF to take a 56% stakein the company.
The capital infusion will enable Smartree, which currently provides HR outsourcing services such as payroll calculation and personnel administration services to more than 100 renowned multinational and local companies operating in Romania, to expand its offer and winning new customers.
In particular, the new funds will finance a new line of business (personnel outsourcing) and the further growth of payroll and software outsourcing.
FinSMEs
24/03/2010