Good news for HR startup Employment Hero! The Sydney-based company has just secured an impressive AUD 45 million in a Series B round led by US-based Foundation Capital. With participation from new investor Salesforce Ventures and existing backer Sequoia China, this will boost the business!
This latest funding round will help Employment Hero develop its innovative cloud-based platform, which provides businesses of all sizes with Sydneybased Hr Employment Hero 45m Aud services such as payroll, onboarding, performance management, and employee benefits. It also offers employees access to their employment records and related data.
Sydneybased Hr Employment Hero 45m Aud
The funds raised will continue developing the product, expand sales and marketing efforts across Asia Pacific, Europe, and the United States, and strengthen the team.
The round follows a successful Series A, which raised AUD 15 million in May 2020. This brings the total funding for Employment Hero to over AUD 60 million and marks an exciting step forward for the young startup.
We’re excited to see what Employment Hero does with this new funding! The future looks very bright indeed!
Conclusion
Employment Hero’s success is an excellent example of how HR startups can thrive and impact businesses. With its innovative cloud-based platform, it has secured AUD 45 million in a Series B round led by US-based Foundation Capital and backed by Salesforce Ventures and Sequoia China. This latest funding will help the young startup continue to develop its product, expand sales efforts, and strengthen its team – paving the way for a successful future! Congrats, Employment Hero!
FAQS
Q: How much funding did Employment Hero secure?
A: Employment Hero secured AUD 45 million in a Series B round led by US-based Foundation Capital and backed by Salesforce Ventures and Sequoia China.
Q: What will the funds be used for?
A: The funds raised will continue developing the product, expand sales and marketing efforts across Asia Pacific, Europe, and the United States, and strengthen the team.
Q: Who was involved in the round?
A: The round was led by US-based Foundation Capital, with participation from new investor Salesforce Ventures and existing backer Sequoia China.
Q: What kind of product does Employment Hero offer?
A: Employment Hero provides businesses of all sizes with Sydneybased Hr Employment Hero 45m Aud services such as payroll, onboarding, performance management, and employee benefits. It also offers employees access to their employment records and related data.
Q: What is the total amount of funding for Employment Hero?
A: The total funding for Employment Hero is over AUD 60 million.
Read Also: Swedish Klarna 500m September
