Employment Hero soaring overseas on $45m raise

Employment Hero soaring overseas on $45m raise

Sydney-based human resources platform Employment Hero is looking to further expand internationally on the back of a SEEK-led $45 million raise.

The Series D follows a 2020 that saw Employment Hero go into "overdrive" as it supported SMEs with resources to manage new rules and regulations imposed in response to the pandemic.

Now, co-founder and CEO Ben Thompson (pictured left) is looking to take the technology to more of the world.

With a presence in New Zealand, the UK, Malaysia and Singapore, the company is pushing into new markets including Thailand, Vietnam, Indonesia and the Philippines.

The $45 million raise saw OneVentures and AirTree return as investors, while Salesforce Ventures was welcomed as the company's latest investor.

"We know the last year has been incredibly difficult for employers everywhere, particularly as many were thrown into the deep end when it came to digital transformation and remote work," Thompson said.

"We recognise that remote employment is just another challenge for SMBs right now. Beyond our all-in-one recruitment, HR, payroll and benefits platform, we now also have Global Teams connecting SMBs around the world with the best talent, no matter where they're located.

"Ultimately this latest round of funding will allow us to continue building powerful features to simplify employment. It also enables us to reach more of the world. I started Employment Hero to help as many SMBs as possible and our latest funding is the next step in that journey."

The raise is the latest coup for Employment Hero, named one of Australia's Top 50 fastest growing tech companies in 2020 by Deloitte.

The company currently has around 6,000 SMEs on the books with a combined total of 250,000 employees.

Clients can use Employment Hero to manage HR, payroll, performance, learning, recognition and benefits in an integrated platform.

During the pandemic, the company stepped up to help HR managers nationally by rolling out JobKeeper Guides, hosting live Q&A panels, creating policy templates in line with government directives, and building new features into Employment Hero.

"It was a busy time for us, but it was incredibly rewarding to help SMBs when needed most," Thompson said.

"We were paid back in spades with your support.

"This is the very support that has helped us raise $45M, funds which we can use to improve our product and hire more heroes to help you."

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