Flare HR

SoftwareSeries CSydney, Australiaflarehr.com

Latest round

Series C

Last raised

Nov 2020

Total raised

$49M

Investors

10

About Flare HR

Flare HR Pty Ltd.Founded in 2015 by Daniel Cohen and James Windon, Flare HR is based in Sydney, Australia. The company focuses on providing a user-friendly platform for businesses to manage HR functions effectively. In September 2022, Flare HR was fully acquired by MYOB Australia Pty Ltd, a portfolio company of KKR, from several investment firms. This acquisition allowed Flare HR to operate as a standalone entity, aiming to connect small to medium enterprises with essential digital HR tools.Flare HR specializes in comprehensive HR solutions, including digital onboarding and employee benefits management. The platform enables businesses to efficiently onboard employees, manage HR functions, and provide benefits such as retail discounts and salary packaging.Flare HR generates revenue through subscription-based models, allowing clients to access its HR tools and resources. Businesses subscribe to plans that include digital onboarding, benefits management, and analytics tools tailored to their needs.Following its acquisition in September 2022, Flare HR plans to leverage MYOB Australia's market presence to enhance its offerings further. This includes the development of new products aimed at expanding its service capabilities. The company will focus on market expansion into new regions, specifically targeting additional sectors in Australia and New Zealand.

Who invested in Flare HR

10 investors across 4 rounds

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Funding rounds

  1. Series C

    Nov 2, 2020

    Amount

    $22M

    Investors

    Locked

  2. Series B

    Oct 1, 2019

    Amount

    $6.1M

    Investors

    Locked

  3. Series B

    Jun 30, 2018

    Amount

    $18M

    Investors

    Locked

  4. Series A

    Sep 26, 2016

    Amount

    $3.5M

    Investors

    Locked

Questions about Flare HR

Who invested in Flare HR?

Flare HR has 10 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Flare HR raised?

Flare HR has raised 4 venture rounds. Sign up free to see how much each round raised and the total.

When did Flare HR last raise money?

Flare HR's most recent round on record is a Series C, in Nov 2020.

What does Flare HR do?

Flare HR is a software company.

Where is Flare HR headquartered?

Flare HR is headquartered in Sydney, Australia.

Which VCs invest in companies like Flare HR?

Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Immutable Ventures back software companies at Flare HR's stage. Their profiles are linked below.

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