Company:Peopleforce

From HandWiki
Peopleforce
TypePrivate
IndustryHuman Resources Management
Founded2019
FounderAndrew Cetinic
Key people
Andrew Cetinic (Founder & CEO); Mykola Mykhaylov (Co‑CEO / Chief Growth Officer)
ProductsCoreHR, Recruit (ATS), Perform, Pulse, Time, Desk
Number of employees
150+
Websitehttps://peopleforce.io/

Peopleforce is a technology company that develops a cloud-based human resources management system.[1][2][3]

History

Peopleforce was founded in 2019 by Andrew Cetinic.[4] Between 2019 and 2020, the company developed its modular HR platform architecture.[5] In September 2021, Peopleforce secured seed funding of $640,000 from London-based Sturgeon Capital and Concept Ventures.[6] In May 2022, Polish venture capital fund Pracuj Ventures invested $1 million in Peopleforce.[7] The same year, Peopleforce received support in $50,000 from the Google for Startups Support Fund.[8][9]

In August 2022, the company appointed Mykola Mykhaylov, former CEO of robota.ua and former Investment Director at Pracuj Ventures, as VP of Growth. Mykhaylov later became Co-CEO and Chief Growth Officer.[10][11] Peopleforce was selected among the top 100 startups at Web Summit 2022. In 2023, the company was chosen as one of ten startups to participate in TechCrunch Disrupt 2023.[12]

In February 2024, Peopleforce raised $2 million in a follow-on seed round led by Pracuj Ventures.[13] In November, in partnership with KOLO Foundation, a charitable organization within Ukraine's IT community, Peopleforce implemented a feature allowing employees to convert unused paid time off into monetary donations supporting the Ukrainian Armed Forces.[14] In April 2025, the company completed a Pre-Series A funding round of $5.38 million, co-led by Pracuj Ventures and Chicago-based u.ventures, with participation from Dnipro VC and Sturgeon Capital.[15]

According to company reports, Peopleforce experienced 80% year-over-year annual recurring revenue growth in 2024, with expansion in Poland and Latin America accounting for a 2.5x increase in ARR during that period.[16][17]

References

  1. ↑ "PeopleForce - Products, Competitors, Financials, Employees, Headquarters Locations". https://www.cbinsights.com/company/peopleforce-1. 
  2. ↑ "PeopleForce HR Tech Platform Expands with New Investment in Poland and Latin America - Oj" (in en). https://odessa-journal.com/ukrainian-startup-peopleforce-has-raised-54-million-in-investments-to-further-expand-in-the-markets-of-poland-and-latin-america. 
  3. ↑ Sapozhnikov, Viacheslav (2025-04-17). "Ukrainian HR Tech Innovator PeopleForce Secures $5.4M Pre-Series A to Supercharge Polish Expansion · TechUkraine" (in en-US). https://techukraine.org/2025/04/17/ukrainian-hr-tech-innovator-peopleforce-secures-5-4m-pre-series-a-to-supercharge-polish-expansion/. 
  4. ↑ Майя, Ярова (2025-04-16). "PeopleForce Raises $5.4M in Investments, Sees 80% ARR Growth in 2024" (in en-US). https://scroll.media/en/2025/04/16/peopleforce-raises-5-4m/. 
  5. ↑ "PeopleForce Review 2026: Pricing, Features, Pros & Cons, Ratings & More" (in en). https://research.com/software/reviews/peopleforce. 
  6. ↑ "PeopleForce, an all-in-one HR management platform, raises $700k - AIN" (in en). https://en.ain.ua/2021/09/21/peopleforce-raises-700k/. 
  7. ↑ OU, PRNews. "PeopleForce Raised $2 Million in Seed Funding Led by Pracuj Ventures" (in en). https://www.newsfilecorp.com/release/198551/PeopleForce-Raised-2-Million-in-Seed-Funding-Led-by-Pracuj-Ventures. 
  8. ↑ "PeopleForce — у топ-100 кращих стартапів світу на Web Summit 2022" (in uk). https://www.032.ua/news/3500169/peopleforce-u-top-100-krasih-startapiv-svitu-na-web-summit-2022. 
  9. ↑ FinSMEs (2024-03-11). "PeopleForce Raises $2M in Seed Funding" (in en-US). https://www.finsmes.com/2024/03/peopleforce-raises-2m-in-seed-funding.html. 
  10. ↑ "PeopleForce отримали інвестиції від польського фонду Pracuj Ventures – AIN" (in uk). https://ain.ua/2022/05/10/peopleforce-otrimali-investicziyi/. 
  11. ↑ Butler, Robin (2025-10-14). "Why We Invested - PeopleForce". https://sturgeoncapital.substack.com/p/why-we-invested-peopleforce. 
  12. ↑ "PeopleForce selected among top 10 Ukrainian startups for TechCrunch Disrupt 2023" (in en). https://peopleforce.io/blog/peopleforce-selected-among-top-10-ukrainian-startups-for-techcrunch-disrupt-2023. 
  13. ↑ OU, PRNews. "PeopleForce Raised $2 Million in Seed Funding Led by Pracuj Ventures" (in en). https://www.newsfilecorp.com/release/198551/PeopleForce-Raised-2-Million-in-Seed-Funding-Led-by-Pracuj-Ventures. 
  14. ↑ "KOLO relaunches the “Donate your leave” initiative in partnership with PeopleForce" (in en). 2024-11-27. https://itcluster.lviv.ua/en/kolo-relaunches-the-donate-your-leave-initiative-in-partnership-with-peopleforce/. 
  15. ↑ dia_news (2025-04-18). "Ukrainian HR platform developer PeopleForce raises $5.4 million" (in en-GB). https://dia.dp.gov.ua/en/ukrainian-hr-platform-developer-peopleforce-raises-5-4-million/. 
  16. ↑ "PeopleForce raises $5.4M in Pre-Series A to expand in Poland and LATAM" (in en). https://en.ain.ua/2025/04/16/peopleforce-raises-54m-in-pre-series-a/. 
  17. ↑ "PeopleForce Becomes the First HRM to Integrate with Djinni as a Response to the Market Needs" (in en). 2024-05-17. https://itcluster.lviv.ua/en/peopleforce-becomes-the-first-hrm-to-integrate-with-djinni-as-a-response-to-the-market-needs/. 



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