Bambee Raises $30M for SMB HCM Suite
Bambee, the company that makes Human Resources affordable for small to medium-sized businesses, today announced a $30 million dollar Series C round, bringing its total funding to $65 million. In this latest round, SoftBank joined QED, leader of both Series B and C rounds, and AlphaEdison, who led the Series A round.
CEO Allan Jones said: “We are enhancing HR Autopilot, adding features and benefits to Bambee Guided Payroll, and doubling the size of our staff to support our forecasted customer growth. We are currently building out our Nashville tech hub, where most of our engineers live and work, along with 150 total new employees, primarily in our Los Angeles headquarters, with the emphasis on the HR Manager team and customer support.”
Bambee customers get a combination of HR Autopilot, which automates common, yet important HR practices such as employee onboarding, policy signing, training, and two-way feedback; and a dedicated HR Manager, there for guidance and coaching on more complex HR matters, such as HR strategy, employee coaching, conflict resolution and terminations. Employers also benefit from Guided Payroll™, the first-ever payroll product with built-in HR guidance.
The investments will be deployed across four areas: Bambee Guided Payroll and HR Autopilot products, adding new customer benefits, expanding customer and HR manager teams to deliver world class service, and growing engineering teams.
Announcement: Bambee Raises $30M for SMB HCM Suite