What is SmartHR?
SmartHR offers a comprehensive HR cloud software designed to streamline and optimize labor management. The platform addresses critical HR functions, including employee management, administration, and talent management, aiming to enhance employee productivity and engagement. By automating manual processes such as year-end tax adjustments, employment contracts, new employee registrations, and payslip generation, SmartHR empowers companies to accelerate their digital transformation in HR. Its focus on growth and productivity makes it a key player in Japan's progressive cloud-based HR solutions market.
How much funding has SmartHR raised?
SmartHR has raised a total of $285.6M across 3 funding rounds:
Series C
$46.6M
Series D
$99M
Series E
$140M
Series C (2019): $46.6M with participation from THE FUND, ALL STAR SAAS FUND, and Light Street Capital
Series D (2021): $99M led by Sequoia Capital, Greyhound Capital, SIGNIFIANT, Light Street Capital, and Whale Rock Capital Management
Series E (2024): $140M supported by Ontario Teachers' Pension Plan and KKR
Key Investors in SmartHR
Ontario Teachers' Pension Plan
Ontario Teachers' Pension Plan is an independent organization responsible for administering defined-benefit pensions for school teachers in Ontario, Canada, and also invests the plan's pension fund globally, with a focus on various asset classes.
KKR
KKR is a global investment firm that invests across private markets in every asset class worldwide, aiming to fortify companies and communities and secure the futures of institutions and individuals.
Sequoia Capital
Sequoia Capital in India manages funds and invests across venture, growth, and late-stage opportunities, acting as an active partner to entrepreneurs and companies, with a global track record of creating market leaders.
What's next for SmartHR?
With the recent infusion of capital, SmartHR is poised for accelerated growth and continued development of its advanced HR technology. The substantial enterprise-level backing suggests a strategic focus on scaling operations, expanding market reach, and potentially exploring new product verticals within the HR tech landscape. This strategic investment will likely enable SmartHR to further solidify its leadership position by enhancing its platform's capabilities and driving digital transformation for a broader client base.
See full SmartHR company page
