Start-up funding: TCV backs Employment Hero with $2b valuation in year's biggest cap raising with $263m
The human resources technology firm has shrugged off depressed private tech market sentiment and is now valued at just shy of $2 billion.
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The human resources technology firm has shrugged off depressed private tech market sentiment and is now valued at just shy of $2 billion.
With that in mind, Employment Hero, an Australia-based recruitment, HR and payroll platform, today announced it has secured AUD$263 million ($167 million) in a Series F round of funding. Employment Hero's Series F round included participation from existing investors Insight Partners, AirTree, Seek and OneVentures. Co-founder and CEO Ben Thompson said that the company is aiming to be one of Australia's biggest ever technology exports, with plans to build on its current reach which sees it process $85 billion in wages annually for some 300,000 SMEs.
Australian employment management platform Employment Hero has announced raising A$263 million in its Series F funding round.
With that in mind, Employment Hero, an Australia-based recruitment, HR and payroll platform, today announced it has secured AUD$263 million ($167 million) in a Series F round of funding. Employment Hero's Series F round included participation from existing investors Insight Partners, AirTree, Seek and OneVentures. Co-founder and CEO Ben Thompson said that the company is aiming to be one of Australia's biggest ever technology exports, with plans to build on its current reach which sees it process $85 billion in wages annually for some 300,000 SMEs.
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