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Venture Capital
tribal.vc

Investments

14

Portfolio Exits

1

About Tribal.vc

Tribal is an early stage venture fund and co-location hub working alongside the next wave of exceptional Irish technology startups.

Headquarters Location

23 South William Street

Dublin, 2,

Ireland

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Latest Tribal.vc News

Payslip Adds $10M To Its Series A Financing To Disrupt Traditional Service Model For Global Payroll

May 19, 2021

The company’s payroll technology addresses gaps magnified by global shift to remote work Payslip, an automation and integration technology platform for global payroll management, today announced a successful close of an additional $10M to its Series A financing round, bringing the company’s total financing to $14.5M. MiddleGame Ventures led the round, with Mouro Capital serving as co-lead and there was additional participation from Frontline Ventures, Tribal.vc, investors  David Clarke , former CTO of Workday; Brian Williams- Co-Founder of One Source Virtual; and  Phil Chambers , CEO and Co-Founder of Peakon. This extension round follows a record year of growth for Payslip since its last financing in March 2020, which saw a nearly 100% increase in employee headcount, 40% revenue growth, and 25% quarterly customer growth. This investment empowers Payslip to continue helping multinational organizations solve a range of payroll-related pain points, including lack of data standardization & automation, reporting & analytics, compliance and payroll operational efficiency and facilitates the ability to grow a business by scaling into new countries and markets seamlessly. Proceeds from the funding round will also enable Payslip to hire more talent across a range of departments, including engineering, product development, sales, tech support, and finance to drive the business forward and serve its growing international client base. “Companies with high growth international expansion need a flexible global payroll management system to onboard countries quickly and provide multi-country reporting, so their leadership can make smart FDI decisions,” says  Fidelma McGuirk , CEO of Payslip. “Covid travel restrictions, in-country business continuity requirements, and increased WFH acceptability have turbocharged international hiring and country expansion. Payslip customers use our technology to grow quickly into new countries, deliver a unified employee self-serve experience globally and, most importantly, to have real-time insights via the reporting available on Payslip around payroll costs, operational delivery and vendor performance.” With over 150 positions to be filled, the company is looking to hire both globally remote and Ireland-based employees. Payslip plans to also leverage this additional funding to expand its product roadmap to include enhanced payroll, benefits & employee payroll personalization, greater zero touch automation & validation, and last mile global payments & benefits integration. This will ensure its platform and integration technology are fully optimized to lead the next generation of innovation in the global payroll space. “Fidelma and the Payslip team are pioneering a new technology that solves problems for clients with complex payroll needs,” says  Patrick Pinschmidt , General Partner at MiddleGame Ventures. “By removing friction and standardizing data flows, Payslip enables greater customization around enhanced services for employees. This flexible global payroll tech is unique in the marketplace and we are excited to help them create innovative, problem-solving solutions for global employers.” Payslip helps organizations automate and standardize their global payroll management. From high growth technology native companies to large enterprises, Payslip’s platform and integration technology are designed to solve problems and respond to the challenges brought about by traditional payroll models which can no longer meet the demands of a rapidly changing payroll and high growth environment.

Tribal.vc Investments

14 Investments

Tribal.vc has made 14 investments. Their latest investment was in &Open as part of their Series A on June 6, 2022.

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Tribal.vc Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/22/2022

Series A

&Open

$26M

Yes

9

4/26/2022

Series A

Conjura

$15.97M

Yes

8

4/8/2022

Seed VC

Clarity CX1

$1.74M

Yes

2

5/18/2021

Series A - II

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$99M

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10

3/12/2020

Series A

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$99M

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10

Date

6/22/2022

4/26/2022

4/8/2022

5/18/2021

3/12/2020

Round

Series A

Series A

Seed VC

Series A - II

Series A

Company

&Open

Conjura

Clarity CX1

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Amount

$26M

$15.97M

$1.74M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

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Co-Investors

Sources

9

8

2

10

10

Tribal.vc Portfolio Exits

1 Portfolio Exit

Tribal.vc has 1 portfolio exit. Their latest portfolio exit was PageFair on November 15, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/15/2018

Acquired

$99M

3

Date

11/15/2018

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

3

Tribal.vc Team

1 Team Member

Tribal.vc has 1 team member, including current Founder, Conor Stanley.

Name

Work History

Title

Status

Conor Stanley

Founder

Current

Name

Conor Stanley

Work History

Title

Founder

Status

Current

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