Darwinbox secures $40 million funding to enhance its AI-driven HR tech capabilities and expand its North American reach.

Information on the Target

Darwinbox, Asia's largest AI-powered HR tech platform, has recently raised $40 million in funding from Canada's Teachers' Venture Growth (TVG). This funding follows a substantial $140 million investment round led by Partners Group and KKR in March 2025, during which 3one4 Capital achieved a high multiple partial exit. These consecutive financing rounds highlight Darwinbox's solid position within the rapidly advancing HR technology market and its capacity to attract long-term, institutional investors on a global scale.

The company is strategically focusing on advancing its AI-first solutions, specifically in the realm of agentic AI, while also prioritizing its expansion in North America, where it has experienced an impressive threefold growth year-on-year since its entry into the market.

Industry Overview in the Target's Specific Country

The human capital management (HCM) sector is undergoing a significant transformation, expected to exceed $38 billion globally by 2030. This growth is fueled by the ongoing digitization of workforces, the rise of hybrid work models, and a gr