# Bambee

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bambee

- Industry: Outsourcing
- Headquarters: Santa Monica, US
- Website: www.bambee.com
- Total disclosed funding: $56M
- Latest round: Series C (Mar 16, 2022)
- Investors on record: 6

## About

Bambee, Inc. is a US-based company specializing in human resources management solutions for small businesses, providing automated tools to streamline HR practices and ensure regulatory compliance.Founded in 2016 and headquartered in Santa Monica, US, Bambee, Inc. delivers HR services tailored for small businesses. CEO Allan Jones leads the company, which has successfully completed 5 deals, with the most recent in March 2022, raising USD 30 mn in Series C funding from investors such as Alpha Edison, Gaingels, Mucker Capital, QED Investors, and SoftBank Group. Bambee has a current valuation of USD 263.68 mn.Bambee offers a comprehensive human resources management solution tailored specifically for small businesses in the United States. Its core product, known as HR Autopilot, automates essential HR practices, ensuring compliance with federal and state regulations. This service includes HR audits to identify and rectify gaps in compliance, the development of custom HR policies, training and certification for staff, performance tracking mechanisms, and compliant document storage. Bambee provides these services through a dedicated HR Manager assigned to each client, enabling personalized support and guidance. The company primarily serves small businesses with fewer than 500 employees across various sectors in the United States, helping them navigate complex HR issues while fostering a positive workplace culture.Bambee operates on a subscription-based revenue model, charging clients a monthly fee for access to its HR services. The pricing structure varies based on the number of employees and the level of support required, starting at USD 99 per month for basic services and increasing with additional features and employee counts. For instance, businesses with 1-4 employees are charged USD 299 per month, while those with 50-70 employees may incur costs up to USD 1,299 per month. This tiered pricing structure ensures that clients only pay for the services they need, making it accessible for small businesses. Transactions occur directly between Bambee and its clients, with no intermediary, facilitating efficient service delivery and clear communication.In March 2022, Bambee raised USD 30 mn in Series C funding to support the development of its payroll and HR Autopilot products, as well as to hire additional employees. The company plans to expand its operations into Nashville, Tennessee, enhancing its service delivery in this new market.

## Funding rounds

- Series C, Mar 16, 2022, $30M — SoftBank Group, QED Investors, Mucker Capital, Alpha Edison, Gaingels
- Series B, Dec 17, 2020, $15M — QED Investors, Mucker Capital, Alpha Edison, Gaingels
- Series A, Feb 28, 2019, $5M — Greycroft, Mucker Capital, Alpha Edison
- Seed, Jul 1, 2018, $2.5M — Alpha Edison
- Seed, Jun 1, 2016, $3M — Greycroft, Mucker Capital, Alpha Edison

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed, Series A
- Mucker Capital (https://capitalatlas.ai/funds/mucker-capital) — Seed, Series A, Series B, Series C
- Alpha Edison (https://capitalatlas.ai/funds/alpha-edison) — Seed, Series A, Series B, Series C
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B, Series C
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B, Series C
- SoftBank Group — Series C