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Australian HR-startup Raises $30 Million at Funding Round -Breaking

by Mike Robinson

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Australian HR-startup Raised $30 Million in Funding Round
  • Chrono.Tech was an Australian HR start-up that raised $30M in funding.
  • Multi-millionaire Mark Carnegie led the funding round
  • Sergei Sergienko established Chrono.Tech back in 2016.

According to a press release, Chrono.Tech completed a $30 Million funding round in order to create innovative solutions for its human resources market.

Mark Carnegie, a multimillionaire and an important European Family Office led the round of funding. Mark Carnegie’s participation in the round is of special note, considering that he co-founded a Play-to-Earn startup – Crypto Gaming United – together with Chrono.Tech founder Sergei Sergienko in 2021. Crypto Gaming United has raised more than $5 million in its most recent financing round.

Chrono.Tech’s investment will enable it to expand and develop its core products. Its focus is on the facilitation of employment and payments for employees and contractors, as well as freelancers. Chrono.Tech plans to develop other services such as crypto payroll services and workforce management tools. They also plan on developing recruitment and payment facilitators, which allow companies and individuals to pay in cryptocurrency.

Sergei Sergienko established Chrono.Tech as an innovative project in 2016. He saw it as a way to capitalize on the demand for new payroll solutions as the cryptocurrency revolution has progressed. Due to increasing accessibility of and popularity of cryptocurrency-based payment gateway and communication services, there has been a rise in demand for decentralized labor management system. This gives Chrono.Tech ample room to maneuver and compete for a piece of this lucrative market for human resources.

Sergienko stated, in a comment on the round of funding, that European Venture Capitalists as well as leading European entrepreneurs have made an investment to support the business model and ensure future demand for new solutions in payment processing and workflow management.

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