# SmartHR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smarthr

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: https://smarthr.co.jp/
- Total disclosed funding: $352M
- Latest round: Series E (Jun 30, 2024)
- Investors on record: 14

## About

SmartHR, Inc. is a Japan-based company specializing in cloud-based human resources management solutions that enhance HR efficiency for businesses of all sizes. Founded in 2013 and headquartered in Tokyo, Japan, SmartHR, Inc. provides a platform focused on automating HR processes. In November 2025, General Atlantic acquired SmartHR, Inc. from Coral Capital for JPY 14.6 billion. Following the transaction, Coral Capital will remain a minority shareholder of the company. The founders include Kensuke Naito and Noboru Miyata, with Masato Serizawa serving as CEO. In November 2025,?General Atlantic?acquired a minority stake in?SmartHR, Inc. from?Coral Capital for JPY 14.6 billion. Following the transaction, Coral Capital will remain a minority shareholder of the company. SmartHR offers a comprehensive cloud-based human resources management platform designed to streamline various HR functions. The core product focuses on automating and digitizing processes such as employee onboarding, payroll management, and compliance with labor regulations. This platform serves a diverse client base, including small to medium-sized enterprises (SMEs) and large corporations across various industries in Japan, with potential expansions into other Asian markets. SmartHR generates revenue through a subscription-based model, enabling clients to access its suite of HR management tools via annual contracts. Pricing structures can vary based on employee count or features utilized, making the flagship product an essential resource for organizations aiming to optimize their HR operations. Revenue transactions occur directly between SmartHR and its business clients, establishing a B2B relationship that supports recurring revenue through subscriptions and upselling opportunities. In November 2025,?General Atlantic?acquired a minority stake in?SmartHR, Inc. from?Coral Capital for JPY 14.6 billion. Following the transaction, Coral Capital will remain a minority shareholder of the company. This November 2025 acquisition will help the company to promote the digital transformation of Japan’s labor and employment sector by combining strengths with its partner.

## Funding rounds

- Series E, Jun 30, 2024, $133M — KKR, Teachers' Innovation Platform
- Series D, May 21, 2021, $143M — Hong Shan, Whale Rock Capital Partners, Light Street Capital Management, HRTG Partners, Greyhound Capital, Signifiant, Arena Holdings
- Series C, Jul 22, 2019, $57M — Light Street Capital Management, World Innovation Lab, BEENEXT, Coral Capital, Signifiant
- Series B, Jan 23, 2018, $14M — Coral Capital
- Series A, Aug 30, 2016, $4.8M — World Innovation Lab, BEENEXT, Coral Capital
- Seed, Jan 27, 2016, $0.4M — DG Ventures, East Ventures, BEENEXT

## Investors

- DG Ventures (https://capitalatlas.ai/funds/dg-ventures) — Seed
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed, Series A, Series C
- World Innovation Lab — Series A, Series C
- Coral Capital — Series A, Series B, Series C
- Light Street Capital Management (https://capitalatlas.ai/funds/light-street-capital-management) — Series C, Series D
- Signifiant (https://capitalatlas.ai/funds/signifiant) — Series C, Series D
- Hong Shan — Series D
- Whale Rock Capital Partners — Series D
- HRTG Partners — Series D
- Greyhound Capital (https://capitalatlas.ai/funds/greyhound-capital) — Series D
- Arena Holdings (https://capitalatlas.ai/funds/arena-holdings) — Series D
- KKR (https://capitalatlas.ai/funds/kkr) — Series E
- Teachers' Innovation Platform — Series E