# TribeHR

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

- Industry: Software
- Headquarters: Waterloo, Canada
- Website: www.tribehr.com
- Total disclosed funding: $3.5M
- Latest round: Series A (Aug 1, 2012)
- Investors on record: 2

## About

TribeHR Corp. specializes in human resource management solutions, providing organizations with streamlined HR service delivery tools to enhance operational efficiency and employee engagement.Founded in 2009 and headquartered in Waterloo, Canada, TribeHR Corp. focuses on delivering innovative human resource management systems. In October 2013, TribeHR was acquired by NetSuite, Inc., signaling a strategic pivot towards integration with larger enterprise resource planning solutions. The company has been involved in three funding deals, with its most recent financing occurring during the Series A round in 2013, where it raised USD 2.50 mn led by Relay Ventures, alongside participation from Matrix Partners. The founder's previous entrepreneurial history is not documented.TribeHR Corp. offers the NetSuite SuitePeople Human Resource Management System (HRMS), a comprehensive tool designed to streamline HR service delivery. The platform integrates key functionalities such as payroll processing, performance management, workforce management, and benefits administration, enhancing employee engagement and operational efficiency. SuitePeople serves a diverse clientele across various industries, from startups to established enterprises, facilitating HR processes and enabling strategic decision-making in North America and Europe.NetSuite generates revenue predominantly through subscription-based models for its SuitePeople HRMS offerings. Clients engage with the platform under an annual license fee structure, which includes the core platform, optional modules, and user access. This transactional model ensures consistent revenue generation as organizations grow and activate new modules according to their HR needs.TribeHR's future growth strategy includes the design and launch of new product features aimed at enhancing user experience. The company plans to expand its presence into additional markets in North America and Europe. The recent acquisition by NetSuite, Inc. is expected to provide the necessary resources and support for these initiatives, allowing TribeHR to leverage advanced technologies and broaden its market reach.

## Funding rounds

- Series A, Aug 1, 2012, $2.5M — Matrix Partners, Relay Ventures
- Seed, Jul 27, 2011, $1M — Matrix Partners

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Seed, Series A
- Relay Ventures (https://capitalatlas.ai/funds/relay-ventures) — Series A