High Street Partners (HSP), a provider of SaaS-enabled business services that simplify the management and control of international operations, closed a $6m Series B round of financing. The round was led by institutional venture capital investor Sigma Partners, with participation from Baird Venture Partners and existing investor SVB Financial Group.
The company provides a single source for the implementation and ongoing management of international subsidiaries and other entities, including registration, payroll, accounting, bookkeeping, tax compliance, advisory and HR localization services.
HSP will use the funds to accelerate development of its technology platform and scale its sales and marketing operations in the US and Europe.
In conjunction with the funding, Managing Director Paul Flanagan of Sigma Partners and Partner Bill Filip of Baird Venture Partners will join existing board members Gerard Phelan, Vice President at Bowne & Co., and HSP President Larry Harding.
High Street Partners has nine global offices, including Annapolis, Atlanta, Boston, San Diego, San Francisco, San Jose, Hong Kong, London, Shanghai and Tokyo.
FinSMEs
05/03/2010