Kernel
Latest round
- Seed
Last raised
- Oct 2023
Total raised
- $0.8M
Investors
- 3
About Kernel
Founded in 2020, Kernel operates from Paris, France, offering solutions for hiring and managing talent across multiple jurisdictions.Kernel provides an Employer of Record (EOR) solution that facilitates hiring and managing talent in over 20 African countries while ensuring compliance with local regulations. Their services include managing employment contracts, payroll, benefits administration, and tax compliance, allowing clients to focus on growth without the need for a local office. The company serves a variety of clients, from large corporations like BCG and BNP Paribas to small and medium-sized enterprises seeking to access the African talent pool.Kernel's revenue structure is based on subscription fees for its EOR services, where clients pay a monthly rate per employee hired through the platform. This model covers various services such as contract management and payroll processing, providing clients with comprehensive support. For instance, a company may hire five software developers in Senegal and pay a consistent monthly fee that encompasses all HR services and compliance requirements. The company plans to innovate its service offerings and expand into additional African markets, targeting regions such as West Africa and new countries by the end of 2024.
Who invested in Kernel
3 investors across 1 round
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Funding rounds
Seed
Oct 3, 2023
Amount
$0.8M
Investors
Questions about Kernel
Who invested in Kernel?
Kernel has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Kernel raised?
Kernel has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Kernel last raise money?
Kernel's most recent round on record is a Seed, in Oct 2023.
What does Kernel do?
Founded in 2020, Kernel operates from Paris, France, offering solutions for hiring and managing talent across multiple jurisdictions.
Where is Kernel headquartered?
Kernel is headquartered in Paris, France.
Which VCs invest in companies like Kernel?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back business support services companies at Kernel's stage. Their profiles are linked below.
VCs backing business support services startups at Seed
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