# Employment Hero

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/employment-hero-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.employmenthero.com
- Total disclosed funding: $403M
- Latest round: Series F (Oct 19, 2023)
- Investors on record: 13

## About

Based in Sydney, Australia, and founded in 2014 by Ben Thompson and Dave Tong, Employment Hero Holdings Pty Ltd operates as a developer of human resource management software designed to connect employers and employees. In October 2023, Employment Hero Pty Ltd raised AUD 263 million in series F funding led by TCV, with participation from Insight Partners, AirTree Ventures, OneVentures, and SEEK.   

Employment Hero offers employee benefits and payroll services and manages the onboarding of new employees, enabling companies to save time from preparing payrolls and performance reviews. It is used by companies including Kogan, food rescue outfit OzHarvest, fitness business F45, and NSW’s family-owned and operated water park Jamberoo. The company also offers a recruitment service called Global Teams for remote work. It serves as a professional employer organization (PEO), enabling companies to recruit new remote employees around the world, as well as automating regional compliance paperwork.

## Funding rounds

- Series F, Oct 19, 2023, $166M — TCV, Insight Partners, OneVentures, AirTree Ventures, SEEK
- Series E, Mar 1, 2022, $87M — OneVentures, SEEK, AirTree Ventures, Sixth Street
- Series E, Jul 20, 2021, $103M — Insight Partners, OneVentures, SEEK, AirTree Ventures, Salesforce Ventures
- Series D, Jan 19, 2021, $21M — Partners for Growth, OneVentures, SEEK, AirTree Ventures, Salesforce Ventures, SFO Ventures, Rumpol Dancer Pty Ltd, Meruma Pty Ltd
- Series C, Jul 8, 2019, $15M — OneVentures, AirTree Ventures, SEEK
- Series B, Mar 27, 2018, $6.2M — OneVentures, AMP Ventures, SEEK, AirTree Ventures
- Series A, Oct 19, 2016, $1.1M — OneVentures, AMP Ventures, AirTree Ventures, Meruma Pty Ltd
- Series A, Jul 1, 2016, $2.2M — OneVentures, AMP New Ventures

## Investors

- OneVentures (https://capitalatlas.ai/funds/oneventures) — Series A, Series B, Series C, Series D, Series E, Series F
- AMP New Ventures — Series A
- AMP Ventures (https://capitalatlas.ai/funds/amp-ventures) — Series A, Series B
- AirTree Ventures (https://capitalatlas.ai/funds/airtree-ventures) — Series A, Series B, Series C, Series D, Series E, Series F
- Meruma Pty Ltd — Series A, Series D
- SEEK — Series B, Series C, Series D, Series E, Series F
- Partners for Growth — Series D
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series D, Series E
- SFO Ventures — Series D
- Rumpol Dancer Pty Ltd — Series D
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series E, Series F
- Sixth Street (https://capitalatlas.ai/funds/sixth-street) — Series E
- TCV (https://capitalatlas.ai/funds/tcv) — Series F