Employment Hero, one of the world’s largest employment management platforms, has announced a Series F growth round of £131 million to fuel its rapid global expansion.
The funding (subject to Foreign Investment Review Board approval) follows the company’s 2022 Series E and takes the total amount of capital it has raised to over £325 million, funding it has used to develop an entire ecosystem of products and services through its all-in-one platform that make employment significantly better.
This fundraise, led by global growth fund, TCV, enables the company to make a substantial investment in the UK, which it recently chose as its European headquarters. Over the next 12 months it will further expand its local presence to a team of 180 to help grow and support the 20,000 UK SMEs it already works with. These SMEs, which span sectors including hospitality, construction, care, manufacturing and professional services, are the engine room of the UK economy.