Employment Hero, one of the world’s largest employment management platforms, has pulled in £131m in Series F funding.
According to Bdaily, this remarkable fundraise was led by the renowned global growth fund, TCV.
Employment Hero stands out with its comprehensive all-in-one platform which is designed to seamlessly and compliantly recruit, onboard, pay, and manage talent. This platform’s effectiveness lies in its ability to grant peace of mind to business owners and managers, enabling them to centre their energies on business growth.
The recent fundraise is anticipated to greatly benefit the UK, a region Employment Hero recently selected as its European headquarters. With plans to bolster its local team to 180 members over the coming year, the company is poised to enhance its support for the 20,000 UK SMEs it currently partners with.
Following a triumphant introduction in Australia, Employment Hero is gearing up to fast-track its UK debut of SmartMatch, an AI-powered recruitment tool. This innovative solution promises to be a game-changer for SMEs, facilitating the efficient recruitment of talent and positioning them to better rival larger corporations. The vision shared by founders Ben Thompson and Dave Tong is nothing short of ambitious: to mould the world’s leading employment infrastructure and community in a sector valued at approximately $2 trillion annually.
Employment Hero CEO & Founder Ben Thompson said, “Whilst we were not actively seeking funding, our growth story has meant that we have received significant inbound investor interest. This has given us incredible confidence in our vision and allowed us to opportunistically boost our balance sheet, even at a time when the funding environment has been tight. TCV is a leading technology investor with an enviable track-record backing many of the world’s most ubiquitous digital platforms like Airbnb and Spotify, so we are very excited to welcome them aboard as we do the same for employment.”
This latest fundraise builds on the momentum of Employment Hero’s 2022 Series E round, propelling the total capital raised by the company to an impressive £325m.
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