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Cercli, an AI-powered HR and payroll platform designed for MENA businesses, has raised an oversubscribed $12 million Series A. The startup reports scaling revenue over 10x and processing $100M+ in annual payroll, leveraging AI-native architecture to challenge legacy systems.
Cercli, a Dubai-based HR technology startup, has reportedly raised $12 million in an oversubscribed Series A funding round led by European venture capital firm Picus Capital. According to reports, the round saw participation from Knollwood Investment Advisory and existing investors Y Combinator, Afore Capital, and COTU Ventures. This investment marks Picus Capital’s first venture into the MENA region, with the firm having previously backed global HR companies such as Personio and Deel.
