The funding helps Employment Hero’s valuation hit the $586M mark. Here are the top-line bullets you need to know.
Employment Hero, a human resources application, has raised $102.5M in Series E that drew participation from Insight Partners and Salesforce Ventures.
HOW’S THE COMPANY PERFORMING?
- Australia-based Employment Hero is a platform for SMEs that automates human resources, payroll, and benefits functions.
- The company’s worth has risen by $800M in less than 6 months, attributed to a 133% year-over-year increase in recurring income.
- The platform caters to 6,000 enterprises with a total of 250,000 employees using the platform. In the last year, Employment Hero’s platform handled $14B in gross pay.
Source: Employment Hero
WHY DOES THE MARKET MATTER?
- The global workforce management software market is projected to grow at a CAGR of 6.38% and reach a value of $9.93B by 2026, according to Mordor Intelligence.
