Employment Hero raises $45 million

Human resources startup Employment Hero has secured another $45 million in funding, valuing the business at $250 million as it gears up for global expansion and embraces the post-pandemic future of work.

The funding round — the biggest in Australia this year so far — was led by long-time backer Seek, and also included repeated investment from AirTree Ventures and One Ventures, as well as cash from brand new backer Salesforce Ventures.

We see an opportunity to democratise access to the global talent pool,” said Founder and chief Ben Thompson.

“Geographical barriers have been a fundamental constraint to employment, and solving this challenge is a major strategic advantage that will undoubtedly help businesses to grow and scale.”

The funding will fuel a further push into Employment Hero’s existing markets, and expansion in Southeast Asia.

Announcement: Employment Hero raises $45 million