Chilean startup Buk reaches US$417 million valuation; Softbank and Greenoaks become shareholders

The startup founded 4 years ago, developed a cloud-based software that allows companies to comprehensively manage the HR area, from the payment of salaries to the professional development of their employees.

RIO DE JANEIRO, BRAZIL - Buk, a Chilean startup focused on human resources management, closed a US$50 million Series A funding round, with the incorporation of shareholders such as U.S. Venture Capital fund Greenoaks, investment bank Softbank, and contributions from unicorn companies such as Rappi, Kavak, Konfio, GBM, Ualá and Brex.

With the operation, the company reached a valuation of US$417 million, making it the country's 3rd most valuable startup after Cornershop and NotCo, according to Guerrero y Olivos law firm. The latter, along with Gunderson and other international advisors, was involved in GreenOaks, Softbank and other . . .

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