Humi pulls in C$31m for Canadian businesses

Canadian human resources startup Humi has raised C$31m in a Series B funding round led by Kensington Capital Partners.

In a post on the company’s LinkedIn, Simon Bourgeois, CEO of Humi, said, “since the beginning, Humi’s mission has been to make the lives of businesses and their employees easier.”

The round also saw participation from Tribe Capital and Struck, as well as new investors Telus Ventures, Flex Capital, and Mike Dinsdale, former CFO of Gusto, and Rodney Dobson, former president of ADP Canada & UK.

According to a report from betakit, the  Series B round included C$25m in equity and C$6 million in debt, bringing Humi’s total funding to date to C$51m.

Humi describes itself as an all-in-one solution, combining human resources, payroll, insurance and benefits into one platform.

The company has recently added new product offerings as interest in its cloud-based HR platform, including business insurance, a marketplace of employee benefits, and a broader set of tools to support digital recruiting and onboarding of new employees.

Humi said the funding will be used to continue developing products and features that directly impact employee well-being and enable companies to be better employers.

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