Employment Hero Secures $167 Million at $1.37 Billion Valuation

Employment Hero is a tech startup that empowers businesses to streamline their HR processes, enhance employee engagement, and foster a culture of productivity and growth. This includes a mobile app that allows employees to access their personal information, communicate with colleagues, and participate in company-wide initiatives. Employment Hero also offers a comprehensive employee benefits program, providing access to perks and rewards that enhance employee satisfaction and well-being.

Employment Herohas secured $167 million in a Series F funding round, which has brought the company’s valuation to $1.37 billion.Existing investors Insight Partners, AirTree, Seek, and OneVentures participated in the new round.

Employment Hero, Sydney, New South Wales, Australia, was founded in 2014 by Ben Thompson and Dave Tong. “Whilst we were not actively seeking funding, our growth story has meant that we have received significant inbound investor interest – this has given us incredible confidence in our vision and allowed us to opportunistically boost our balance sheet, even at a time when the funding environment has been tight,” Thompson said.

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