HR SaaS Firm GONEX Raises Tens of Mns of CNY in Angel Funding Round

Global HR employment management SaaS platform GONEX (Chinese: 高奈珂斯) announced that it has raised an angel funding round of tens of millions of CNY from K2VC (Chinese: 险峰长青), and individual investors Hao Cheng and Yongzhi Yang. This round of funding will be used to build a technology platform and accelerate globalization.

Founded in 2022 in Beijing, GONEX provides companies with one-stop global HR solutions. The company offers products and services, including Employer of Record (EOR), Payroll Service, Contractor, and Mobility, with business coverage in over 100 countries and regions.

Compared with the traditional outsourcing model, cross-border employment and management are now more compliance-oriented. The EOR service is full-risk outsourcing, where GONEX assumes compliance responsibilities and risks as a nominal employer, helping real employers with contract signing, onboarding and offloading, payroll and benefits issuance, and providing legal consulting, tax processing and other services.

GONEX mainly serves medium-sized and above overseas companies, with clients from medical and health care, intelligent manufacturing, financial services, high-tech Internet and other fields. The fee model is based on the number of employees monthly.

K2VC said, "Chinese companies may encounter human resources, compliance, management and other challenges when going abroad. GONEX focuses on solving the problem in this area, catering to the market opportunity, and helping Chinese companies get a better globalization layout."