HeavenHR swipes $6.7m to continue European expansion

HR, payroll and employee benefits platform HeavenHR has raised €6m ($6.7m) in a Series A round of funding.

The financing for the Berlin-based startup comes from Open Ocean Capital and Target Global.

Following the approach of many recently launched HR disruptors catering to SMEs the company’s cloud-based platform is free, offering features such as employee onboarding and time tracking.

However, HeavenHR then charges for additional services like payroll functions, benefits and pension and insurance brokerage.

The aim is that by offering an intuitive platform users will want to manage all their HR needs there and shell out for premium services.

The 10-month old HeavenHR says the capital will be used to continue building out its product and accelerating growth beyond Germany, France, Austria and Switzerland where it is currently present.

Copyright © 2016 FINTECH GLOBAL

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