HR tech

Deel unloads $300M in secondary sale, brings General Catalyst on as an investor

Fundraising /

Fintech-turned-HR outfit Deel is trying to lay the groundwork for an IPO. On Tuesday, it said its annual revenue run rate climbed to $800 million in 2024 after growing by 70%. The startup, which helps businesses globally hire, manage and pay employees remotely, also said it has sold $300 million in secondary shares to General […]

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Bench to be acquired after abruptly shutting down

Startups /

Bench, the VC-backed accounting startup that left thousands of customers locked out of their accounts after it suddenly shut down last week, will be acquired by Employer.com for an undisclosed price in a last-minute deal, TechCrunch has exclusively learned. The San Francisco-based HR tech company Employer.com focuses on payroll and onboarding, in contrast to Bench,

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Socium doubles down on Francophone Africa after $5M seed round

Fintech /

Demand for HR-tech solutions in Africa is growing, and Senegal’s Socium is out to tap the opportunity in French-speaking countries on the continent. Socium has since 2021 built HR solutions that target users within the 21 countries of Francophone Africa and plans to continue narrowing its focus on the region, where it is enjoying first-mover

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Brazilian fintech Tako emerges from stealth with sizable seed round led by a16z and Ribbit Capital

Fundraising /

Running payroll is hard in any country, but perhaps especially so in Brazil thanks to consistently changing laws and extremely influential unions that make it significantly harder to get it right. Fernando Gadotti struggled with this as the co-founder and CEO of DogHero, LatAm’s version of Rover. When Gadotti left the company in 2022, after

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Japan’s SmartHR raises $140M Series E as strong demand for HR tech boosts its ARR to $100M

Startups /

SmartHR, a cloud-based human resources and labor management software startup, said on Monday that it has raised $140 million in a funding round led by KKR and Teachers’ Ventures Growth, an investment arm of Ontario Teachers’ Pension Plan, with participation from existing investors. The Series E round, which comes three years after the company raised

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