Buk raises $50M for its HR management platform

Chile-headquartered Buk, a firm that develops human resources management infrastructure for firms across Latin America, issued a statement today, revealing the close of a US$50 million Series A funding round.

This newly acquired capital raises the company’s valuation to US$417 million.

One noteworthy fact about this funding round is that it marks one of, if not, the largest Series A rounds completed by a Latin American startup to date. 

Another important fact is that it establishes Buk as the third most valuable startup in Chile, trailing only behind Cornershop and NotCo.

If one goes only by history, Brazil and increasingly, as of late, Mexico, have taken priority positions on the list of the most attractive investment destinations, especially as regards voluminous investments.

But in recent times, other countries in Latin America such as Chile are also attracting global investor interest.