# Pento Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pento-services

- Industry: Financial Services
- Headquarters: Warwick, UK
- Website: www.pento.io
- Total disclosed funding: $54M
- Latest round: Series B (Dec 7, 2021)
- Investors on record: 11

## About

Founded in 2016 and based in London, UK, Pento Services Limited operates a provider of software-as-a-service (SaaS)-based platform that helps enterprises accelerate their payroll services. In February 2024, Hi Bob Ltd., a portfolio company of Battery Ventures, General Atlantic, Eight Roads Ventures, Bessemer Venture Partners, Entrée Capital, Presidio Ventures, Standard Perpetual Partners, Farallon Capital Management, Arbor Ventures, Israel Growth Partners, Alpha Wave Global, LocalGlobe, Cerca Partners and SEEK Limited acquired Pento from Tiger Global Management, Seedcamp, Point Nine Capital, Moonfire Ventures, LocalGlobe, General Catalyst Partners, Avid Ventures, Hustle Fund, PreSeed Ventures, Futuristic.VC and SEED Capital for GBP 32 million.

The company offers a payroll software solution. It manages the payroll of a wide range of workers including, shift workers, seasonal workers, and employees weekly as well as manages shift schedules. Additionally, it also engages itself in workforce planning, onboarding, HRIS, engagement, and offboarding.

Revenue for Pento is primarily generated through subscription-based pricing models tailored to different company sizes and payroll complexities. The firm charges for its plans including Core, Plus, and Premium.

## Funding rounds

- Series B, Dec 7, 2021, $35M — General Catalyst Partners, Tiger Global Management, Seedcamp, Point Nine, LocalGlobe, Moonfire, Avid Ventures
- Series A, May 19, 2021, $15M — General Catalyst Partners, Point Nine, LocalGlobe, Hustle Fund, Moonfire, Avid Ventures
- Seed, Sep 10, 2019, $2.8M — PreSeed Ventures, Seedcamp, Point Nine, Futuristic.VC
- Seed, Oct 23, 2017, $0.6M — PreSeed Ventures, SEED Capital, Futuristic.VC

## Investors

- PreSeed Ventures (https://capitalatlas.ai/funds/preseed-ventures) — Seed
- SEED Capital (https://capitalatlas.ai/funds/seed-capital) — Seed
- Futuristic.VC (https://capitalatlas.ai/funds/futuristic-vc) — Seed
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed, Series B
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Seed, Series A, Series B
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series A, Series B
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Series A
- Moonfire (https://capitalatlas.ai/funds/moonfire) — Series A, Series B
- Avid Ventures (https://capitalatlas.ai/funds/avid-ventures) — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B