Peopleforce

Peopleforce
Company type
Private
IndustryHuman Resources Management
Founded2019
FounderAndrew Cetinic
HeadquartersKyiv, Ukraine; London, United Kingdom; Warsaw, Poland
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". www.cbinsights.com. Retrieved 2026-05-14.
  2. ^ "PeopleForce HR Tech Platform Expands with New Investment in Poland and Latin America - Oj". odessa-journal.com. Retrieved 2026-05-14.
  3. ^ Sapozhnikov, Viacheslav (2025-04-17). "Ukrainian HR Tech Innovator PeopleForce Secures $5.4M Pre-Series A to Supercharge Polish Expansion · TechUkraine". TechUkraine. Retrieved 2026-05-14.
  4. ^ Майя, Ярова (2025-04-16). "PeopleForce Raises $5.4M in Investments, Sees 80% ARR Growth in 2024". Scroll.media. Retrieved 2026-05-14.
  5. ^ "PeopleForce Review 2026: Pricing, Features, Pros & Cons, Ratings & More". Research.com. Retrieved 2026-05-14.
  6. ^ "PeopleForce, an all-in-one HR management platform, raises $700k - AIN". en.ain.ua. Retrieved 2026-05-14.
  7. ^ OU, PRNews. "PeopleForce Raised $2 Million in Seed Funding Led by Pracuj Ventures". TMX Newsfile. Retrieved 2026-05-14.
  8. ^ "PeopleForce — у топ-100 кращих стартапів світу на Web Summit 2022". 032.ua - Сайт міста Львова (in Ukrainian). Retrieved 2026-05-14.
  9. ^ FinSMEs (2024-03-11). "PeopleForce Raises $2M in Seed Funding". FinSMEs. Retrieved 2026-05-14.
  10. ^ "PeopleForce отримали інвестиції від польського фонду Pracuj Ventures – AIN". ain.ua (in Ukrainian). Retrieved 2026-05-14.
  11. ^ Butler, Robin (2025-10-14). "Why We Invested - PeopleForce". Terra Incognita. Retrieved 2026-05-14.
  12. ^ "PeopleForce selected among top 10 Ukrainian startups for TechCrunch Disrupt 2023". peopleforce.io. Retrieved 2026-05-14.
  13. ^ OU, PRNews. "PeopleForce Raised $2 Million in Seed Funding Led by Pracuj Ventures". TMX Newsfile. Retrieved 2026-05-14.
  14. ^ "KOLO relaunches the "Donate your leave" initiative in partnership with PeopleForce". 2024-11-27. Retrieved 2026-05-14.
  15. ^ dia_news (2025-04-18). "Ukrainian HR platform developer PeopleForce raises $5.4 million". Dnipropetrovsk Investment Agency. Retrieved 2026-05-14.
  16. ^ "PeopleForce raises $5.4M in Pre-Series A to expand in Poland and LATAM". en.ain.ua. Retrieved 2026-05-14.
  17. ^ "PeopleForce Becomes the First HRM to Integrate with Djinni as a Response to the Market Needs". 2024-05-17. Retrieved 2026-05-14.

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