# eRoad Human Resources Technology
[eRoad](https://www.edgepedia.org/eroad) (易路人力资源科技, legally Shanghai Yilu Software Co., Ltd.) is a Shanghai-based Chinese human capital management (HCM) SaaS company, founded in 2004 and known for its payroll-centered cloud platform People+. The company describes itself as a leading HCM SaaS vendor in Asia Pacific and was operating as of mid-2026, when it appeared on an HRflag industry ranking and held a Shanghai "specialized and innovative" (专精特新) designation.[1](https://www.ersoft.com/about.html) • [2](https://www.ersoft.cn/en/about.html) • [3](https://www.thesaasnews.com/news/eroad-raises140-million-in-series-d/)
| Fact | Detail |
|---|---|
| Founded | April 2004; acquired and relaunched in 2014 by Oliver Wang's team[1](https://www.ersoft.com/about.html) |
| Headquarters | Shanghai, with offices in Beijing, Chengdu, Guangzhou, Shenzhen, and Hong Kong[3](https://www.thesaasnews.com/news/eroad-raises140-million-in-series-d/) |
| Leadership | Oliver Wang (Wang Tianyang), Chairman and CEO; Max Miao (Miao Qing), co-founder and president since 2022[2](https://www.ersoft.cn/en/about.html) |
| Main product | People+ composable HCM SaaS platform (payroll, benefits, workforce, performance, talent)[2](https://www.ersoft.cn/en/about.html) |
| Largest round | RMB 1 billion (~US$140 million) Series D, announced November 2022[4](https://www.edtechreview.in/news/chinese-hrtech-firm-eroad-raises-140m-in-series-d-round/) |
| Known investors | Hillhouse (including GL Ventures), SIG Asia, Eastern Bell Capital, Zhongding Capital, Huaxing Growth Capital[1](https://www.ersoft.com/about.html) • [4](https://www.edtechreview.in/news/chinese-hrtech-firm-eroad-raises-140m-in-series-d-round/) |
| Customers | 300+ enterprises in 20+ countries and 310+ Chinese cities as of 2022; 1,000+ global clients per the company in 2024[3](https://www.thesaasnews.com/news/eroad-raises140-million-in-series-d/) • [1](https://www.ersoft.com/about.html) |
| Status | Active as of 2026; no IPO or acquisition on record[5](https://digi.china.com/articles/20260120/202601201799733.html) • [6](https://news.iresearch.cn/yx/2026/06/558150.shtml) |
## History and founding
The company was established in April 2004 and initially served [Fortune 500](https://www.edgepedia.org/fortune-500) enterprises in China.[1](https://www.ersoft.com/about.html) Its current form dates from 2014, when Wang Tianyang (Oliver Wang), a former SAP Global Vice President and founder of SAP Labs China, led a core R&D team drawn from SAP and Dianping to acquire eRoad and pivot it toward enterprise mobile internet applications.[1](https://www.ersoft.com/about.html) • [2](https://www.ersoft.cn/en/about.html) Wang remains Chairman and CEO.[2](https://www.ersoft.cn/en/about.html)
In 2022, Miao Qing (Max Miao), previously general manager of Kronos Greater China, joined as co-founder and president.[1](https://www.ersoft.com/about.html) • [2](https://www.ersoft.cn/en/about.html) The hiring of an executive from a global workforce-management vendor coincided with eRoad's push to replace incumbent global HCM systems at Chinese enterprises; the company claims to be the only vendor in China to have displaced SAP, Oracle, or Kronos installations in dozens of industry-leading Chinese enterprises, a claim made on its own site and not independently verified.[2](https://www.ersoft.cn/en/about.html)
## Products and technology
People+, the flagship platform, provides human resources, payroll, benefits, workforce management, performance management, and talent management in a single cloud product. The company positions payroll as the core of the offering, aimed at medium and large enterprises with complex, multi-jurisdiction workforces.[2](https://www.ersoft.cn/en/about.html) • [3](https://www.thesaasnews.com/news/eroad-raises140-million-in-series-d/) The platform supports more than 40 system languages and 100+ currencies and covers business operations in over 180 countries, according to the company's Chinese site.[1](https://www.ersoft.com/about.html) At the time of the Series D, the product line also included Yizhang Workspace, Yihealth, Yitu, Yixin and People+D-Insight, and proceeds were earmarked for building a "systems plus services" PaaS layer around the core HCM suite.[3](https://www.thesaasnews.com/news/eroad-raises140-million-in-series-d/) • [4](https://www.edtechreview.in/news/chinese-hrtech-firm-eroad-raises-140m-in-series-d-round/)
From 2022 the company shifted toward AI. Per an iResearch-published account, eRoad began large-scale AI R&D at the start of the GPT boom in 2022, partnered with Huawei Cloud in 2023 to build an HR-industry large model, jointly released a Pangu-based digital employee in 2024, and launched iBuilder, described as the industry's first HR AI agent platform, at the end of 2024.[6](https://news.iresearch.cn/yx/2026/06/558150.shtml) The company's own timeline records the July 2024 acquisition of graph-recruiting business assets alongside the platform work.[1](https://www.ersoft.com/about.html) By March 2025 iBuilder carried 39 agents, and by mid-2026 the count had reached 42 agents covering recruitment, payroll, performance, and talent modules; the company says more than 300 enterprise customers had deployed AI HR practices with the platform, which uses MCP-based access so each agent can only read data within its permission scope.[1](https://www.ersoft.com/about.html) • [6](https://news.iresearch.cn/yx/2026/06/558150.shtml)
## Funding history
The round-by-round record comes mainly from the company's own timeline and trade press covering the Series D.[1](https://www.ersoft.com/about.html) • [4](https://www.edtechreview.in/news/chinese-hrtech-firm-eroad-raises-140m-in-series-d-round/)
- **Series B (2018):** solely invested by Hillhouse Capital; size undisclosed.[1](https://www.ersoft.com/about.html) • [4](https://www.edtechreview.in/news/chinese-hrtech-firm-eroad-raises-140m-in-series-d-round/)
- **Series C (2019–2021):** over RMB 600 million (~US$84 million) collected in 18 months from GL Ventures (Hillhouse's venture arm), [Eastern Bell Capital](https://www.edgepedia.org/eastern-bell-capital), and SIG Asia Investments. The C1 tranche of RMB 200 million was led by SIG with Hillhouse follow-on; C2, of several hundred million yuan, was led by Zhongding Capital with Hillhouse, SIG, Ivy Capital, and GAH; an extended C3 round of over RMB 200 million (~US$28 million) came solely from Huaxing Growth Capital, China Renaissance's PE arm.[1](https://www.ersoft.com/about.html) • [4](https://www.edtechreview.in/news/chinese-hrtech-firm-eroad-raises-140m-in-series-d-round/)
- **Series D (November 2022):** RMB 1 billion (~US$140 million), described by the company as its largest round to date. The lead investors were not named; the company said the round was co-led by one strategic investor and one financial investor with participation from multiple existing shareholders, with Index Capital as exclusive financial advisor. Proceeds were earmarked for upgrading the People+ platform and building the PaaS ecosystem.[4](https://www.edtechreview.in/news/chinese-hrtech-firm-eroad-raises-140m-in-series-d-round/) • [3](https://www.thesaasnews.com/news/eroad-raises140-million-in-series-d/)
- **D+ (2024):** the company's timeline records completion of a D+ round in 2024, the year its global enterprise client count passed 1,000.[1](https://www.ersoft.com/about.html)
**Two Series D dates.** Some aggregations record a second RMB 1 billion Series D "series" announced on 22 November 2024.[7](https://www.100summit.com/cn/details/id/4221) The dated press record shows the RMB 1 billion Series D was announced in November 2022, and the company's own timeline lists only a D+ round for 2024.[3](https://www.thesaasnews.com/news/eroad-raises140-million-in-series-d/) • [1](https://www.ersoft.com/about.html) On the available evidence, the 2024 event is best read as a D-series extension (D+) rather than a second independently sized RMB 1 billion close; the size of the D+ round is not stated in the record.
## Business, customers and traction
At the November 2022 Series D, eRoad served more than 300 enterprises across 20+ countries and over 310 Chinese cities, with named clients including Jin Jiang Hotels, a state-owned hospitality group running about 5,500 hotels, and [TCL Technology](https://www.edgepedia.org/tcl-technology). The company then had over 700 employees across its Shanghai headquarters and branch offices.[3](https://www.thesaasnews.com/news/eroad-raises140-million-in-series-d/) The company says it has invested over RMB 2 billion in HCM SaaS development over eight years, with more than 500 R&D and implementation staff.[2](https://www.ersoft.cn/en/about.html)
Company-reported scale has grown since: over 1,000 global enterprise clients in 2024, and by 2025–2026 "nearly 1,000" mid-to-large global clients with 8 million end users, up from the 4 million users reported in 2022.[1](https://www.ersoft.com/about.html) These figures are company claims; independent reporting beyond the 2022 Series D coverage is thin.
On data security, the company states it passed SOC 1, [SOC 2](https://www.edgepedia.org/soc-2), and SOC 3 (SSAE18) certifications, relevant to payroll data handling; no independent reporting on regulatory issues under China's PIPL appears in the record.[2](https://www.ersoft.cn/en/about.html)
## Status and outcome
eRoad remains operating. In January 2026, Shanghai's economy and information technology commission named the company (listed as 易薪路) a "专精特新" (specialized and innovative) enterprise, a municipal designation for focused, technology-driven firms.[5](https://digi.china.com/articles/20260120/202601201799733.html) In June 2026 it was named to the 2026 HRflag Top 50 HR service brands list, positioned as a Chinese AI HR company serving global mid-to-large enterprises with payroll-centered AI offerings.[6](https://news.iresearch.cn/yx/2026/06/558150.shtml) No IPO filing, listing rumor, acquisition, or wind-down appears in the record through September 2026.
## References
1. [eRoad 公司简介与发展历程 (company site)](https://www.ersoft.com/about.html)
2. [eRoad People+ Composable HCM SaaS — About (company English site)](https://www.ersoft.cn/en/about.html)
3. [eRoad Raises $140 Million in Series D — The SaaS News](https://www.thesaasnews.com/news/eroad-raises140-million-in-series-d/)
4. [Chinese HRTech Firm eRoad Raises $140M in Series D Round — EdTechReview](https://www.edtechreview.in/news/chinese-hrtech-firm-eroad-raises-140m-in-series-d-round/)
5. [易薪路（eRoad）获批"专精特新" — 中华网 (2026-01-20)](https://digi.china.com/articles/20260120/202601201799733.html)
6. [eRoad荣登「2026 HRflag人力资源服务品牌50强」 (iResearch, June 2026)](https://news.iresearch.cn/yx/2026/06/558150.shtml)
7. [100summit funding record for eRoad](https://www.100summit.com/cn/details/id/4221)
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*Topic: Encyclopedia › Society and history › Economics and business › Business and work › Business and work overview › Companies and corporations › Venture-backed startups and growth companies › Software, internet, and enterprise-technology startups › Human resources and payroll software*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license