HR

Employment Hero raises Series F to go global

October 26, 2023
Image from Employment Hero

HR you ready, world? Australia-based HR company Employment Hero just raised a ~$167M Series F!  

Aside from helping companies recruit, onboard, pay, and manage employees, they also offer a super-app called Swag where employees can manage their work and finances.  

  • They currently serve 300K global SMEs and over 2M employees worldwide. 

Investor check. TCV led the round, while existing investors Insight Partners, AirTree, Seek, and OneVentures joined in!

  • The deal still is subject to approval from Australia’s Foreign Investment Review Board.

😎 Teamwork makes the dream work

Founders, you know the importance of taking care of your people. Happy employees…happy work life!  And as you grow, you're going to deal with more and more things. 

Finding the right people, making sure they're adjusting well to the company, and finding ways for your staff to grow their skills and move up the career ladder—do that all in one place with Employment Hero! 

  • Hero AI. This chatbot helps employees find out your company’s leave policies and other HR rules. 
  • Need to draft a new contract ASAP, file a sick leave, make HR reports, and check employee details? Their platform does it all.

📄 Hiring anyone? 

The can also make posting jobs so much easier. Their platform connects with sites like Indeed and LinkedIn so you can view applications in one place.

  • They also have an AI Smart Match feature so you can find the right candidates. 

💆‍♀️ Give some love

Employment Hero's Swag app lets employees access sweet benefits like device discounts and cashback offers.

  • Plus, they can apply for internal work opportunities! Using the app, your staff can even access a part of their earned wages in real-time. 

📈 What's with the $$$?

They'll boost their platform and super app. 

  • And the expansion? They stayed hush-hush about where they're going to go, but they’re active in markets like Southeast Asia!

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