News Feed Item

MOVE Guides Announces $8.2 Million Series A Funding from New Enterprise Associates (NEA) and Notion Capital

LONDON, October 9, 2014 /PRNewswire/ --

MOVE Guides announced today that it has closed $8.2 million in Series A funding led by New Enterprise Associates (NEA). Existing investor Notion Capital also participated in the round. MOVE Guides has grown more than 10x in the last 12 months, and is working with companies like SurveyMonkey and lululemon athletica to deliver employee mobility across more than 150 locations around the world.

"Over the next 3-5 years, 75% of companies expect to increase their volume of mobile employees-yet just 2% consider their global mobility function world-class today," said MOVE Guides' Founder Brynne Herbert. "Talent mobility is a huge pain point for HR departments, and our market leading Talent Mobility Cloud is their answer."

MOVE Guides' Talent Mobility Cloud is the leading cloud solution for the $15bn talent mobility industry, an emerging area of HR that involves moving talent around the world for new jobs, relocations, projects and expatriate assignments. Companies spend $150bn annually moving talent, and the process is mired with complex and time-consuming processes, high compliance burdens when operating across many countries, and challenges to delivering a great employee experience.

Individual investors Andy Leaver (ex-VP EMEA and APAC, Workday) and David Windley (ex-CHRO Yahoo!) also participated in the round, signalling a growing interest in talent mobility within the broader HR space.

"The shift from on-premise to cloud in enterprise software has long been a core focus for NEA, with investments in category-defining companies like Salesforce.com, WebEx and Workday," said NEA partner Ravi Viswanathan, who joins Notion Capital partner Jos White on the MOVE Guides' Board. "Talent mobility management is a large and growing market that's ripe for disruption, and we're excited to partner with MOVE Guides as they seize that opportunity and deliver a mobility solution that enables companies to be more efficient, reduce costs, and increase employee satisfaction."  

"MOVE Guides is transforming talent mobility with its market-leading software-as-a-service platform and, at the same time, meeting the expectations of a new generation of employees," said Jos White, Partner at Notion Capital. "We believe they have what it takes to disrupt their industry and build a very big business."

The Talent Mobility Cloud brings together companies, employees and global vendors (shipping, real estate, immigration, tax and more) to enable talent mobility both for companies who traditionally outsourced their mobility programs and for those who manage it with in-house teams. At outsourced programs, MOVE Guides replaces traditional incumbents, like Cartus and SIRVA, at just a fraction of the cost. MOVE Guides pairs the Talent Mobility Cloud with support for employees from their dedicated MOVE Advocate team. The company has proven its technology and service to deliver up to 30% more efficiency for HR teams and 99% employee satisfaction.

"With MOVE Guides, we now have decision quality information. The experience of our people has improved from our previous provider," said Susan Gelinas, Director of Reward at lululemon athletica.

Alongside the funding round, MOVE Guides announced expansion into Hong Kong and the hiring of Alex Wood as VP, Global Sales (ex-Complinet and Workshare).

MOVE Guides was founded in 2011 after Brynne Herbert's personal experience working abroad as an investment banker. Today, MOVE Guides operates across more than 150 locations with offices in London, New York, San Francisco and Hong Kong. The company has raised more than $10 million dollars to date.

About MOVE Guides 

MOVE Guides makes it easy for companies, governments, universities and other institutions to move their talent around the world. Our award-winning Talent Mobility Cloud combines employee move planning, company mobility management and global vendors across more than 150 locations, to deliver dramatically improved employee experience and efficiencies. Visit our website at http://www.moveguides.com and follow us on Twitter, Facebook and LinkedIn.

About NEA 

New Enterprise Associates, Inc. (NEA) partners with entrepreneurs to build transformational businesses across multiple stages, sectors and geographies. With more than $13 billion in committed capital, NEA invests in technology and healthcare companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record includes more than 195 portfolio company IPOs and more than 320 acquisitions. For additional information, visit http://www.nea.com.

About Notion Capital 

Notion is an entrepreneur-backed venture capital firm focused on high potential businesses in the Cloud Computing and Software-as-a-Service (SaaS) markets. The Notion team has unique expertise and experience in the Cloud Computing market having founded, built and exited two highly successful businesses in the space - Star and MessageLabs. Companies within Notion's portfolio include Adbrain, Brightpearl, Duedil, eSellerPro, NewVoiceMedia, The Currency Cloud and Tradeshift. For more information go to: http://www.notioncapital.com


More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
"We started a Master of Science in business analytics - that's the hot topic. We serve the business community around San Francisco so we educate the working professionals and this is where they all want to be," explained Judy Lee, Associate Professor and Department Chair at Golden Gate University, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...