# Kernel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kernel-2

- Industry: Business Support Services
- Headquarters: Paris, France
- Website: www.wearekernel.com/
- Total disclosed funding: $0.8M
- Latest round: Seed (Oct 3, 2023)
- Investors on record: 3

## About

Kernel, based in Paris, is a human resource service provider specializing in Employer of Record solutions, enabling companies to manage talent across Africa while ensuring compliance with local regulations.Founded in 2020, Kernel operates from Paris, France, offering solutions for hiring and managing talent across multiple jurisdictions. The company recently raised EUR 800,000 in a Seed funding round in October 2023, supported by investors including Newfund Management, Invictus, and Super Capital VC. Kernel was created to address HR complexities in international hiring, particularly in African markets, and has successfully completed one deal to date.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. By streamlining the recruitment process, Kernel aims to tackle challenges associated with hiring across different jurisdictions, including local labor laws and recruitment timelines.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. This approach simplifies the hiring process while offering clients financial predictability, making it appealing to both large enterprises and startups.In October 2023, Kernel secured EUR 800,000 in Seed funding to enhance its operations and expand its market reach. 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. The recent funding will support these initiatives, allowing Kernel to develop new products that address the evolving needs of its clients while further streamlining its recruitment processes.

## Funding rounds

- Seed, Oct 3, 2023, $0.8M — Newfund, Invictus, Super Capital VC

## Investors

- Newfund (https://capitalatlas.ai/funds/newfund) — Seed
- Invictus — Seed
- Super Capital VC (https://capitalatlas.ai/funds/super-capital-vc) — Seed