Merge, a San Francisco-based data integration startup, has raised $15 million in Series A funding to change how B2B companies integrate HR Information Systems.
The funding round, which was led by Addition with participation from existing investor NEA, comes at the same time as the announcement of Merge’s partnerships with BambooHR and Lever. To date, the startup has raised $19.5 million which has and will fuel the development and expansion of its platform. Lee Fixel, Founder of Addition, referred to the firm’s participation by stating:
“Merge is revolutionizing customer-facing integrations in the B2B space by helping developers integrate fast and integrate once. Their track record demonstrates Merge is solving a common problem with the right product, and we’re excited to support the company on its continued growth trajectory.
Merge was founded back in 2020 by Shensi Ding and Gil Feig to allow developers to integrate multiple HR-related platforms by using a single API that facilitates the process. The startup’s API does this by supporting more than 50 Human Resource Information Systems (HRIS), Applicant Tracking System (ATS), and accounting integrations, with the number increasing every week through additional partnerships. Gil Feig, co-founder of Merge, said in this regard:
“Support for partnerships is exactly right for this stage of our growth. Stronger partnerships help API providers become the source of truth and the products that complementary products — Merge’s customer base — build on.”
Over the past 6 months, the startup has seen more than 600 organizations register to use the platform as demand for advanced integration continues to ramp in the B2B industry. To sustain this growth, the funding will allow Merge to add more features and categories of integrations to its platform, as well as to expand its engineering and sales teams to support its expansion. The startup will also develop a dedicated partner portal, allowing HR platforms to proactively integrate their solutions with Merge.