Cloud-based HR platform Employment Hero has raised $8 million in a Series B funding round led by Seek.
The raise has allowed Employment Hero to expand its leadership team, appointing AdRoll’s former Marketing Director JAPAC, Cat Prestipino, as the start-up’s first CMO.
(Ex-AdRoll boss Ben Sharp also announced his new gig this morning, as the managing director of ADMA.)
The funding round was co-led by Seek and OneVentures with participation from AirTree Ventures and AMP. It follows a $4.5 million Series A that was led by OneVentures with co-investment by AirTree Ventures and AMP New Ventures in 2016.
Founded in 2013, Employment Hero combines HR software, scheduling and payroll tools, performance management, employee benefits and financial services for small-to-medium sized businesses.
The latest round of funding will be used to roll out a string of new products and solutions to the platform.
“By working closely with Seek, we want to be able to make it easier to move from recruiting to onboarding,” said Ben Thompson, founder and CEO for Employment Hero.
“We’re excited for a future where transitioning into new employment is a seamless and enjoyable experience and where the paperwork and administration for recruiters, HR business partners, employers and employees is drastically reduced.”
Ronnie Fink, corporate development director for Seek, said he was excited by Employment Hero’s contribution to the recruitment market.
“Employment Hero is helping businesses succeed by removing major pain points that exist in almost every small to medium Australian business. We are pleased to support a business that is so well aligned to Seek’s purpose. We are excited to be part of the growth prospects that lie ahead for Employment Hero,” Fink said.
Employment Hero has grown revenue and users on the platform by 10 per cent month-on-month since 2015, the company said.
Dr Michelle Deaker, managing partner for OneVentures, said: “Employment Hero is demonstrating significant growth. Ben Thompson and the team are executing well on the business plan to capture what is a very large opportunity. Seek is well regarded for their positive impact on their investments and we look forward to the opportunity afforded by the partnership.”