Warburg Pincus has led a RMB 130 million (US$19 million) series B+ round in GaiaWorks, a workforce management system developer, with participation from Matrix Partners China and Genesis Capital. China’s work force of one billion is the world’s largest, while the market size of industries serving this massive labor pool has reached trillions of RMB. The workforce market is in transition, however, with rising labor costs, flexible employee contracts and increased use of industrial robots. Founded in 2009, GaiaWorks offers workforce management solutions, covering employee attendance, advanced scheduling, workforce activities and labor optimization. It says its products help companies simplify compliance, control labor costs and improve productivity. “China’s labor market is experiencing a structural adjustment and transformation. Enterprise management is becoming much more complicated and demand for better labor force management is increasing,” said Gordon Ding, a managing director at Warburg Pincus. “GaiaWorks has a deep understanding of the industry. The mobile function and localized services of its products has surpassed a number of international brands in China.” The company says its has served over 400 enterprise customers and more than 600,000 employees, across China, Japan, South Korea. Its customers include Estée Lauder Companies Inc., Gap Inc., General Electric, Samsung …

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