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
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Remote work tailwind propels Employment Hero to $800 million valuation
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Remote work tailwind propels Employment Hero to $800 million valuation
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