Employment Hero Secures $129M for HCM Solution

Human resources platform Employment Hero announced it has raised $181 million AUD (or about $129 million USD), putting it at unicorn valuation in Australian dollars of $1.25 billion (or about $890 million USD). The round was led by returning investors Seek Investments, with participation from OneVentures, AirTree Ventures and other shareholders.

Employment Hero’s platform, which offers a full suite of human resources management tools, including payroll and benefits, is now used by more than 80,000 SMEs, representing a total of 750,000 employees. The company itself has a team of more than 500 full-time employees based around the world.

Announcement: Employment Hero Secures $129M for HCM Solution