About Employment Hero
Employment Hero is a company based in Sydney (Australia) founded in 2014 by Dave Tong and Ben Thompson was acquired by KKR in June 2025.. Employment Hero has raised $459.56 million across 8 funding rounds from investors including SEEK, KKR and AMP. Employment Hero has completed 2 acquisitions, including Humi HR and Keypay. Employment Hero operates in a competitive market with competitors including Gusto, Paycor, Paychex, ADP and Personio, among others.
- Headquarter Sydney, Australia
- Founders Dave Tong, Ben Thompson
- Stage Soonicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Employment Hero Pty Ltd
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Sales and Marketing
30 people
Human Resources and Administration
23 people
Leadership Team
16 people
Customer Team
15 people
Senior Team
14 people
Software Development Team
13 people
Payroll Team
9 people
Partnerships Team
9 people
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Funding Insights of Employment Hero
Employment Hero has successfully raised a total of $459.56M across 8 strategic funding rounds. The most recent funding activity was a Series F round of $167.22 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series F — $167.2M
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First Round
First Round
(05 Feb 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series F - Employment Hero | Valuation | TCV | |
| Feb, 2022 | Amount | Series F - Employment Hero | Valuation | SEEK | |
| Jul, 2021 | Amount | Series E - Employment Hero | Valuation | Insight Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Employment Hero
Employment Hero has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include SEEK, KKR and AMP. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage tech startups by AirTree.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Employment Hero
Employment Hero has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Humi HR and Keypay. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based HRMS platform is utilized for enterprise HR functions.
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2016 | ||||
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Cloud-based payroll and workforce management platform is offered.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Employment Hero
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Employment Hero Comparisons
Competitors of Employment Hero
Employment Hero operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gusto, Paycor, Paychex, ADP and Personio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Employment Hero
Frequently Asked Questions about Employment Hero
When was Employment Hero founded?
Employment Hero was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Employment Hero located?
Employment Hero is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Employment Hero?
Ben Thompson is the current CEO of Employment Hero. They have also founded this company.
Is Employment Hero a funded company?
Employment Hero is a funded company, having raised a total of $459.56M across 8 funding rounds to date. The company's 1st funding round was a Series E of $102.97M, raised on Feb 05, 2015.
What does Employment Hero do?
Employment Hero was founded in 2014 in Sydney, Australia, as a provider of a unified HR technology platform. Operations focus on the employee lifecycle, encompassing recruitment, onboarding, payroll processing, benefits administration, compliance management, and performance tracking. Additional features include time and attendance monitoring, employee engagement tools, and learning resources. The platform automates HR tasks and centralizes employee data for mid-sized businesses in the HR software sector.
Who are the top competitors of Employment Hero?
How many acquisitions has Employment Hero made?
Who are Employment Hero's investors?
What is Employment Hero's valuation?
The valuation of Employment Hero is $814M as of Feb 2022.
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