Ben Thompson, CEO and co-founder of Employment Hero
HR, payroll and benefits platform, Employment Hero has raised AU$45 million in a Series D funding round to accelerate growth in Australia, and double-down on its international expansion.
The latest funding was led by return investor SEEK, with participation from previous backers, OneVentures and AirTree Ventures, as well as the company’s newest investor, Salesforce Ventures.
As part of its first wave of international roll out, Employment Hero successfully launched localised versions of its signature people, payroll and benefits solution in New Zealand, the United Kingdom, Malaysia and Singapore in late 2020.
What will Employment Hero use this funding for?
Australia’s HR startup Employment Hero raises $35m in Series D funding
Employment Hero co-founder and CEO Ben Thompson and
co-founder and CTO Dave Tong. Photo by Wesley Nel
March 2, 2021
Sydney-headquartered Employment Hero, a cloud-based HR, payroll, and benefits startup, has raised A$45 million (about $35 million) in a Series D funding led by ASX-listed employment marketplace giant SEEK.
According to a report by the Australian Financial Review, the funding round, which was also participated by OneVentures, AirTree Ventures, and Salesforce Ventures, values the HR tech company at more than A$250 million.
The fresh capital will be used for Employment Hero’s expansion and growth in markets including New Zealand, Southeast Asia, and the United Kingdom.
Businesses, and the tech platforms that support their operations, had to adapt quickly to the pandemic. Ben Thompson, co-founder and chief executive officer of human resources platform Employment Hero told TechCrunch that “COVID-19 accelerated the adoption of employment management software by roughly five years,” as teams adjusted to remote work. The Sydney, Australia-based company announced […]