# Buk SpA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buk

- Industry: Software
- Headquarters: Chile
- Website: www.buk.cl/
- Total disclosed funding: $135M
- Latest round: Series B (Jan 6, 2025)
- Investors on record: 7

## About

Based in Chile, Buk SpA offers a comprehensive human resources management platform that enhances workforce operations through innovative solutions for payroll, attendance, onboarding, performance management, and employee benefits.Buk SpA, founded in 2016 in Santiago, Chile, specializes in human resources management solutions. The company has evolved its business strategy to cater to various industries across Chile, Peru, Mexico, Colombia, and Brazil. The founders, Felipe Sateler and Santiago Lira, along with CEO Jaime Boetsch, have driven the company through various funding rounds, securing a total of USD 50.00 mn in its latest Series B round led by Headline, with participation from Base10 Partners, Endeavor Catalyst, Greenoaks Capital, and Workday Ventures. This funding round occurred on January 6, 2025, and marked a significant milestone for the firm as it reached a valuation of USD 850.00 mn.Buk specializes in providing an integrated Human Resources management platform designed to streamline various processes associated with workforce management. Their offerings include payroll administration, attendance control, onboarding, performance management, and employee benefits management. Buk’s platform allows organizations to automate tasks, manage employee data, and enhance communication through a centralized system. The services target businesses in Chile, Peru, Mexico, Colombia, and Brazil, catering to a diverse client base seeking to improve HR operations and employee satisfaction.Buk operates on a subscription-based revenue model, enabling clients to access its suite of HR management tools. The company has structured its offerings around various pricing tiers tailored to different organizational sizes and needs, focusing on B2B transactions. Clients utilize the platform to efficiently manage payroll, attendance, and employee benefits, supporting smoother HR operations. Specific pricing plans are aligned with comprehensive services provided, allowing clients to select the level of service that best fits their needs without publicly disclosed pricing details available.In January 2025, Buk raised EUR 50 million to support its strategic initiatives, including launching operations in Brazil and increasing marketing and sales efforts in Mexico. The company intends to expand its benefits ecosystem by incorporating insurance, food vouchers, and financial services while allocating resources towards research and development. The recent funding will facilitate these expansion plans, enhancing Buk's market presence and service offerings.

## Funding rounds

- Series B, Jan 6, 2025, $50M — Headline, Greenoaks Capital, Endeavor Catalyst, Workday Ventures, Base10 Partners
- Series B, Feb 21, 2023, $35M — Greenoaks Capital, Nu Pagamentos S.A., Base10 Partners, Softbank Latin America Ventures
- Series A, Oct 5, 2021, $50M — Greenoaks Capital, Softbank Latin America Ventures

## Investors

- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series A, Series B
- Softbank Latin America Ventures (https://capitalatlas.ai/funds/softbank-latin-america-ventures) — Series A, Series B
- Nu Pagamentos S.A. — Series B
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Series B
- Headline (https://capitalatlas.ai/funds/headline) — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Workday Ventures (https://capitalatlas.ai/funds/workday-ventures) — Series B