Alpharetta-based Decisely, a human resources industry tech platform, closed a $60 million funding commitment from Two Sigma Private Investments and EPIC Insurance Brokers and Consultants, a portfolio company of The Carlyle Group.
The partnership will also provide the company with access to Two Sigma Private Investments’ platform and tap into their expertise in data science and insurance tech.
“Decisely is the only dedicated small business and broker-collaborative solution. We deliver a unique, complete service to both small businesses and the brokers who have traditionally served them,” said CEO Kevin Dunn in a press release. “We combine dedicated, licensed trusted advisors and a complementary technology platform as a full-service broker-friendly solution for small business.”
With offices in California and Utah as well as Atlanta, Decisely continues to provide a platform for brokers and small businesses to work together and provide the best benefits fit for employees. Onboarding new employees and maintaining updated paperwork can take up to 35 percent of HR’s time, according to Decisely. Their one-stop platform helps manage employee files, compliance help, and benefits like health insurance, FSA, 401K, and more.
“We are pleased to be partnering with Decisely as it transforms the small business segment for HR and benefits,” said Brian Modesitt, Managing Director at Two Sigma and board member of Decisely.
Alpharetta, a North Atlanta suburb, has been named one of the top 10 small cities to do business in as it continues to foster innovation. The city now houses more than 600 technology companies and over a quarter of Metro Atlanta’s Top 25 technology employers, according to the Alpharetta Technology Commission. Decisely is certainly in good company.