Primobox raises €4 million in fresh capital funding.

Primobox, a Pessac (Gironde), France-based HR SAAS company, announced a capital increase of €4 million ($4.8M).

The proceeds will be used to hire more sales people as the company aims to increase its turnover from €4.5 million euros (in 2020) to 10 million within three years.

Primobox, founded in 2007 by CEO  Ludovic Partyka, developed a software solution helping HR people to to dematerialize up to 80% of all of their workflow (invoices, contracts, HR documents) all by imparting the same level of proof as that attached to the written on paper. The company employs 45 people and claims 450 customers including Fnac Darty, or Castorama.