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Employment Hero triples valuation with $140 million raise

Employment Hero founder and chief Ben Thompson. Source: supplied. Cloud-based HR startup Employment Hero is on its way to becoming the next Aussie unicorn, after it secured a whopping $140 million in Series E funding. The funding came from US-based Insight Partners, which is showing increasing interest in the tech scene down under. It also more than tripled the startup’s valuation, bringing it up from $250 million three months ago to a hefty $800 million today. According to founder and chief Ben Thompson, that number’s only going up. What is Employment Hero? Founded in 2014 by Ben Thompson and Dave Tong, Employment Hero is a HR, payroll and employee benefit platform designed to help SMEs manage their workforce and boost productivity. The team claims the platform can reduce time spent on admin by up to 80%.

Australia s HR startup Employment Hero raises $102m in Series E round

Australia’s HR startup Employment Hero raises $102m in Series E round Employment Hero team. July 21, 2021 Employment Hero, a Sydney-headquartered cloud-based HR, payroll, and benefits startup, announced raising S$135.5 million (about $102 million) in its Series E funding round led by global venture capital and private equity investor Insight Partners. The latest funding has tripled the startup’s valuation to S$806 million and comes less than five months after it raised about $35 million in Series D funding led by ASX-listed employment marketplace SEEK. In an announcement Wednesday, Employment Hero said it will use the fresh funds to further accelerate expansion efforts into Southeast Asian markets. It also plans to expand across Western Europe and enhance its platform engineering abilities.

Employment Hero gets $140M AUD Series E led by Insight Partners, grows valuation to $800M AUD – TechCrunch

Employment Hero gets $140M AUD Series E led by Insight Partners, grows valuation to $800M AUD – TechCrunch
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Remote work tailwind propels Employment Hero to $800 million valuation

Remote work tailwind propels Employment Hero to $800 million valuation
watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.

Remote work tailwind propels Employment Hero to $800 million valuation

Remote work tailwind propels Employment Hero to $800 million valuation
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