fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Employment Hero to speed up Southeast Asia expansion after raising $102m

Team AsiaTechDaily by Team AsiaTechDaily
21 July 2021
in Featured, Venture Capital
0
Employment Hero

Employment Hero team.

218
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Employment Hero, an Australian all-in-one HR, payroll, and benefits platform, is accelerating its expansion efforts into Southeast Asian markets after it raised S$140 million (about $102 million) in a Series E funding round.

The startup said the latest funding round was led by US-based Insight Partners, a global venture capital and private equity firm supporting technology scale-ups.

The funding round has tripled Employment Hero’s valuation to about S$806 million in six months. It raised $35 million in its Series D funding round early this year.

The company said it will also use the fresh funds to expand across Western Europe and enhance its platform engineering abilities, among others.

Launched in 2014, Employment Hero empowers SMEs by providing automated solutions to help launch them on the path to success by powering more productivity every day.

The startup said it services over 6,000 businesses, collectively managing over 250,000 employees. The core platform reduces admin time by up to 80 per cent.

“As the Covid-19 pandemic rages on in the region, with several SMEs still working remotely or in split teams, we are proud to provide businesses with solutions that are designed to make the working experience seamless and sustainable,” said Employment Hero co-founder and CEO Ben Thompson.

The funding announcement comes as the startup reveals 113 per cent year-on-year revenue growth and records S$14 billion in gross wages processed through the platform in the past 12 months.

To support its rapid growth, Employment Hero has also announced a brand refresh and new website after completing research with thousands of potential customers, in-line with its goal to make employment easier and more rewarding for everyone.

“This latest round of funding will enable us to bolster our brilliant team and accelerate our innovation timelines with the ultimate goal of simplifying employment for SMEs all around the world. We’re excited to broaden our reach with entry into new markets,” Thompson added.

What are your thoughts?
+1
1
Upvote
+1
0
Clap
+1
0
Clap
+1
1
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Employment HeroHR technologyHRtech
Previous Post

Philippine-listed media giant GMA investing in tech startups

Next Post

3 Philippines startups get funding from Globe’s 917Ventures

Related Posts

anycover
Featured

SG insurtech startup anycover nets $450k, eyes expansion into Malaysia, Indonesia

May 20, 2022
Grab
Featured

Grab reports 6% revenue rise in Q1 2022

May 19, 2022
Antler
Featured

Venture investor Antler commits $100m to over 300 startups in SE Asia in 4 years

May 19, 2022
Pitik
AgriTech

Indonesian poultry tech startup Pitik secures $14m in Series A funding

May 19, 2022
Coins.ph
Featured

Coins.ph secures $30 million in Series C funding led by Ribbit Capital

May 19, 2022
PAG
Featured

PAG, First Solar agree to landmark renewable energy deal in Japan

May 18, 2022
Next Post
917Ventures

3 Philippines startups get funding from Globe's 917Ventures

Discussion about this post

No Result
View All Result

FREE NEWSLETTER

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo