Replicon

Cloud-based time tracking solutions company Replicon has raised $20 million in a Series A funding round. The investment was led by Emergence Capital Partners and The Social+Capital Partnership.

The financing will be used to support growth, with a focus on aggressive expansion, continued development of the company’s direct sales channel, and to extend its reach internationally into Europe and APAC, says the company.

More than 7,800 customers worldwide use Replicon’s cloud-based time tracking solutions, according to the company.

[Image courtesy: Replicon]