Darwinbox, an Asia-focused human resources technology platform, has raised US$72 million in its latest funding round, taking total investment in the company to over US$110 million and its valuation to over US$1 billion.

The latest funding round was led by Technology Crossover Ventures (TCV) with participation from existing investors – Salesforce Ventures, Sequoia, Lightspeed, SCB 10X, JGDEV, Endiya Partners and 3One4Capital.

Since securing the last investment from Salesforce Ventures 12 months ago, the company says it has grown 300% in Southeast Asia. It is expecting higher growth this year owing to enhanced demand for digital tools in the workplace amid the pandemic.

Founded in late 2015, Darwinbox is a cloud-based human capital management (HCM) platform that is currently servicing more than 1.5 million employees from over 650 enterprises across the globe. Clients include fast-growing unicorns (Zilingo, Zalora, Carousell, Tokopedia), leading enterprises (SBS Transit, Armstrong, EM Services, MatchMove, Funding Societies, Mitra Adiperkasa) and large conglomerates (JG Summit Holdings, Indorama, Wilmar) in the region.

The company says the new funding will supercharge its expansion plans, including accelerating its platform innovation agenda and strengthening its product, engineering and customer relationship teams. It aims to triple its headcount within a year, adding more than 100 team members in Southeast Asia across its offices in Singapore, Kuala Lumpur, Jakarta, Manila and Bangkok.