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Venture Capital
FINANCE | Investment Firms & Funds
struckcapital.com

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Investments

44

Portfolio Exits

2

Funds

2

About Struck Capital

Struck Capital invests in both early and late stage venture companies led by visionary technologists. The firm partners with entrepreneurs who have an unrelenting desire to advance the human disposition.

Struck Capital Headquarter Location

2908 Colorado Avenue

Santa Monica, California, 90404,

United States

561-289-0486

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Struck Capital Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Struck Capital Rank

Latest Struck Capital News

Humi secures $31M Series B led by Kensington Capital Partners

May 25, 2022

Humi secures $31M Series B led by Kensington Capital Partners CPE News (5.25.2022) – Humi has raised $31 million in Series B funding led by Kensington Capital Partners, with continued participation from Tribe Capital and Struck Capital new investors Telus Ventures, Flex Capital, as well as Mike Dinsdale, former CFO of Gusto, and Rodney Dobson, former President of ADP Canada & UK. In connection with the financing, Liam Cheung, Managing Director at Kensington, has joined Humi board of directors. Founded by Kevin Kliman, Simon Bourgeois, Matt Loszak and Drew Millington, Toronto based Humi is a leading all-in-one HR platform that provides HR, payroll, insurance, and benefits solutions. Humi will use funding to further advance Humi’s software and help meet the growing demand for Humi’s products and services. Specifically, Humi will enhance its mobile experience and other employee-centric software features, like scheduling and integrated health benefits. photo credit: Humi Canada’s Leading All-In-One HR Platform, Humi, Closes $31M Series B Led by Kensington Capital Partners, funding will be used to further develop Humi’s platform to support employee-centric workplaces May 25, 2022 06:30 AM Eastern Daylight Time TORONTO–(BUSINESS WIRE)–Humi, Canada’s leading all-in-one HR platform that provides thousands of Canadian businesses with HR, payroll, insurance, and benefits solutions, today announces $31M CAD in financing. The raise was led by Kensington Capital Partners, with continued participation from Tribe Capital and Struck Capital while welcoming new investors Telus Ventures, Flex Capital, as well as Mike Dinsdale, former CFO of Gusto, and Rodney Dobson, former President of ADP Canada & UK. The funding will be used to further advance Humi’s software and help meet the growing demand for Humi’s products and services. Specifically, Humi will enhance its mobile experience and other employee-centric software features, like scheduling and integrated health benefits. “Since the beginning, Humi’s mission has been to make the lives of businesses and its employees easier,” said Simon Bourgeois, Co-Founder and CEO of Humi. “The way Canadian employers and employees operate has changed drastically over the past two years, and without the right technology, this change is next to impossible for companies to keep up with. Humi is proud to support Canadian businesses through this continued workplace evolution and enable further adoption of an employee-first approach to driving success.” Since Humi’s Series A of $15 million in August 2019, the company has seen incredible growth both internally and externally, with five times the number of employees on the platform and Humi’s net promoter score (NPS) increasing by four times. Humi’s focus remains on its people and building solutions to address employee recruitment, growth, and retention challenges. “I’ve spent significant time and energy focused on the HR software industry, and have been impressed to see how Humi is solving unique challenges in this space through it’s innovative technology,” said Mike Dinsdale, former CFO at Gusto. “We are still in the early innings of watching the HR software landscape evolve, and I’m excited to help unlock additional value for both business and their employees with my investment in Humi.” The pandemic has accelerated the evolution of Canada’s workplace. Unique workplace benefits have become table stakes, and typical workplace practices, like full in-office presence, have become a thing of the past. In order to keep up, businesses have had to adopt new technologies. Humi’s intuitive, all-encompassing platform has supported Canadian employers through this unexpected, accelerated evolution. Most notably, Humi has added additional product offerings including a Marketplace of employee benefits, business insurance, and a broader set of tools to support digital recruiting and onboarding of new employees. To continue its commitment to supporting businesses through this phase of growth, in 2021, Humi released its annual HR data report which revealed COVID-19’s continued impact on the workplace. The report highlighted the primary opportunities for companies to lead in the areas of compensation and benefits, equal pay, equity, diversity, and inclusion (EDI), and the complete employee experience. “We made the switch to Humi in 2021 and could not be more satisfied with our decision,” said Nicole Shea, HR Manager of Bitbuy. “As someone new to the Bitbuy team, I was responsible for managing the entire employee lifecycle from recruitment to onboarding, retention, and total rewards. With the ease and convenience of Humi’s platform, we were able to double our employees, growing our team to almost 100 employees with a near 0% turnover rate. Leveraging Humi’s applicant tracking system has created a seamless experience for our hiring managers to recruit across the company.” About Humi Humi is the leading all-in-one people solution for Canadian businesses. Serving companies nationwide, Humi supports and enables employers to take better care of their most important asset: their people. Before Humi, there was no truly unified solution that tied together all of the intricacies of employment for Canadian businesses. To learn more about Humi, visit, www.humi.ca About Kensington Capital Partners: Founded in 1996, Kensington Capital Partners Limited (“Kensington”) is an employee-owned, high-performing alternative investment firm with offices in Toronto, Vancouver, and Calgary. Our purpose is to build great businesses, and in doing so, create top-performing investment solutions for our investors. As of November 2021, Kensington has assets under management of $2.2 billion, managed across several active funds. Contacts

Struck Capital Investments

44 Investments

Struck Capital has made 44 investments. Their latest investment was in Backd as part of their Series A on June 6, 2022.

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Struck Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/13/2022

Series A

Backd

$3.5M

Yes

1

12/23/2021

Seed VC

meez

$4.56M

Yes

1

11/24/2021

Series B

Humi

$24.13M

Yes

2

11/10/2021

Seed VC

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$99M

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10

11/4/2021

Series C

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$99M

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10

Date

6/13/2022

12/23/2021

11/24/2021

11/10/2021

11/4/2021

Round

Series A

Seed VC

Series B

Seed VC

Series C

Company

Backd

meez

Humi

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Amount

$3.5M

$4.56M

$24.13M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

2

10

10

Struck Capital Portfolio Exits

2 Portfolio Exits

Struck Capital has 2 portfolio exits. Their latest portfolio exit was Say on August 10, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/10/2021

Acquired

$99M

4

4/6/2020

Acq - Talent

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$99M

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10

Date

8/10/2021

4/6/2020

Exit

Acquired

Acq - Talent

Companies

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Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

4

10

Struck Capital Fund History

2 Fund Histories

Struck Capital has 2 funds, including Struck Capital Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Struck Capital Fund

1

Struck Capital Fund II

10

Closing Date

Fund

Struck Capital Fund

Struck Capital Fund II

Fund Type

Status

Amount

Sources

1

10

Struck Capital Team

2 Team Members

Struck Capital has 2 team members, including current Founder, Managing Partner, Adam B. Struck.

Name

Work History

Title

Status

Adam B. Struck

Kirkland & Ellis

Founder, Managing Partner

Current

Yida Gao

Divergence Digital Currency, Morgan Stanley, J.P. Morgan & Co., McKinsey & Company, MIT Sloan, and Johnson Controls

General Partner

Former

Name

Adam B. Struck

Yida Gao

Work History

Kirkland & Ellis

Divergence Digital Currency, Morgan Stanley, J.P. Morgan & Co., McKinsey & Company, MIT Sloan, and Johnson Controls

Title

Founder, Managing Partner

General Partner

Status

Current

Former

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