Move Guides raises $15.6m from NEA and Notion

Alice Murray
09 October 2015

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Move Guides, a company that facilitates employee relocation, has raised $15.6m in a series-B round led by New Enterprise Associates (NEA) and Notion Capital.

Move Guides has now raised $23.8m to date, following its series-A round in October 2014, which was also led by NEA and joined by existing investor Notion.

The funding will be used to support Move Guide's expansion in San Francisco, and also for the launch of new products.

According to a 2014 PwC survey, almost 90% of companies plan to increase the number of employees they relocate for work over this year and next. The survey received responses from 193 companies globally.

Company
Established in 2011, Move Guides, through its Talent Mobility Cloud, supports businesses that need to relocate employees to different international locations.

This emerging area of human resources entails moving employees around the world for new jobs, projects and expatriate assignments. According to the company, the process is complex and time-consuming due to compliance burdens when operating across countries.

The cloud service brings companies, employees, shipping, real estate, immigration and tax services together on one platform. According to the company, its service can reduce total costs by 10% in comparison to a traditional relocation management company.

Clients include Societe Generale, OpenTable and Adobe. Move Guides has offices in London, New York, San Francisco and Hong Kong.

People
Move Guides was founded by Brynne Herbert. Jos White, co-founder and partner of Notion, sits on the board of Move Guides. NEA partner Ravi Viswanathan also has a seat on the board.