About FlareHR
FlareHR is a company based in Sydney (Australia) founded in 2015 was acquired by MYOB in September 2022.. FlareHR has raised $37.85 million across 4 funding rounds from investors including Westpac, MYOB and Acorn Capital. FlareHR offers products and services including Flare Benefits, Flare Cars, and Onboarding Software. FlareHR operates in a competitive market with competitors including Gusto, Paycor, ADP, Paychex and TriNet, among others.
- Headquarter Sydney, Australia
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Sectors
Technology
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Email
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Phone
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Website
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Products & Services of FlareHR
FlareHR offers a comprehensive portfolio of products and services, including Flare Benefits, Flare Cars, and Onboarding Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for employee discounts and savings on everyday expenses.
Service for vehicle leasing through salary packaging options.
Digital platform for quick and compliant employee onboarding.
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Funding Insights of FlareHR
FlareHR has successfully raised a total of $37.85M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $15.46 million completed in November 2020. 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 4
- Last Round Series C — $15.5M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series C - FlareHR | Valuation | MYOB | |
| Aug, 2018 | Amount | Series B - FlareHR | Valuation | Point72 Ventures | |
| Aug, 2017 | Amount | Series A - FlareHR | Valuation | Reinventure Group |
| 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 |
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Investors in FlareHR
FlareHR has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Westpac, MYOB and Acorn Capital. 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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Early-stage Australian tech companies are invested in by Reinventure Group.
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BridgeLane is operated as a single family office for investments.
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Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 FlareHR
| 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 |
Financial Statements - FlareHR
| 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 |
Flarehr Comparisons
Competitors of FlareHR
FlareHR 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, ADP, Paychex and TriNet, 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 |
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| 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 HR management solutions are offered for payroll and compliance.
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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 HRMS platform is offered for small and medium businesses.
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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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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Flarehr
Frequently Asked Questions about FlareHR
When was FlareHR founded?
FlareHR was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is FlareHR located?
FlareHR is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is FlareHR a funded company?
FlareHR is a funded company, having raised a total of $37.85M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jun 14, 2016.
What does FlareHR do?
FlareHR was founded in 2015 in Sydney, Australia, within the software industry focused on human resources. Cloud-based solutions are offered to enterprises for managing HR activities, including employee engagement via culture promotion, training management, compliance tracking, centralized record keeping, onboarding, and offboarding processes. Operations are conducted through a subscription-based pricing model to support various HR functions.
Who are the top competitors of FlareHR?
What products or services does FlareHR offer?
FlareHR offers Flare Benefits, Flare Cars, and Onboarding Software.
Who are FlareHR's investors?
FlareHR has 9 investors. Key investors include Westpac, MYOB, Acorn Capital, Reinventure Group, and BridgeLane.