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Sydney-based HR Tech Company Employment Hero Secures $45M AUD.The Sydney-based HR tech company Employment Hero has secured a whopping $45 million AUD in a Series B funding round. This marks one of the largest single investments in an HR tech company in Australia. The round was led by Tiger Global Management and Joust Capital, with participation from existing investors including AirTree and Blackbird Ventures.
The money will be used to continue to grow Employment Hero’s product suite, which helps businesses manage their HR and payroll functions. The company’s software helps businesses manage their payroll, track employee performance, run employee engagement surveys, and more.
Employment Hero’s mission is to make life easier for businesses and their employees. The company’s products are designed to make it easier for businesses to attract and retain talent, as well as to help employees understand their entitlements and take advantage of workplace benefits.
Employment Hero’s Growth and Expansion
The company was founded in 2015 and since then, has grown rapidly. It currently has over 20,000 businesses subscribed to its services and over 2 million employees using its software. It also has offices in Australia, the United Kingdom, and the United States.
The company has been growing at an impressive rate and it plans to use the new funds to accelerate its growth even further. It plans to invest in product development, expand its team, and expand into new markets.
Employment Hero’s Impact on the Australian HR Tech Scene
The investment in Employment Hero is a sign of the growing interest in HR tech in Australia. It is also an indication of the potential of the Australian HR tech market as a whole.
The investment in Employment Hero is a vote of confidence in the company’s vision and its products. It is also a sign of the potential of the Australian HR tech market. The company’s success will likely encourage other investors to take a closer look at the sector and to invest in other HR tech companies.
The investment in Employment Hero is a sign of the growing interest in HR tech in Australia. The company’s success is a testament to its products and its vision, and it is likely to encourage other investors to take a closer look at the sector. This is great news for the Australian HR tech market and will help to drive further growth and innovation. efficient manner.
Conclusion
The 45 million AUD investment from TDM Growth Partners is a major success for the Sydney-based HR technology firm Employment Hero. This investment will enable the company to expand its customer base and strengthen its existing product offering. This is sure to have a positive impact on the company’s future, as well as the businesses that are using its services.
Related FAQs
What is Employment Hero?
Employment Hero is a Sydney-based HR tech company that offers a suite of services to help businesses manage their HR and payroll functions. The company’s software helps businesses manage their payroll, track employee performance, run employee engagement surveys, and more.
Who led the Series B funding round?
The Series B funding round was led by Tiger Global Management and Joust Capital, with participation from existing investors including AirTree and Blackbird Ventures.
What will the funds be used for?
The finds will be used to continue to grow Employment Hero’s product suite and expand its team. It will also be used to invest in product development and expand into new markets.
