We’re pleased to announce that Teachers’ Venture Growth and KKR will be jointly leading a US$140 million Series E fundraise of SmartHR, Inc. – Japan's premier cloud-native HR management platform. The investment will be used to accelerate SmartHR’s growth, including through the development of new solutions, talent acquisition, and organic and inorganic growth strategies. “SmartHR has demonstrated innovative ways to help companies of every size improve how they manage and develop their workforces. As Japanese companies increasingly transform their businesses with digital solutions, SmartHR is well-positioned to support a variety of their labor management needs. We look forward to working alongside KKR to help accelerate SmartHR’s growth journey while also leveraging our global expertise to find ways to be a value-adding partner.”- Olivia Steedman, Executive Managing Director and Global Head of Teachers’ Venture Growth Learn more: https://ow.ly/fIbj50SsM5q
Ontario Teachers' Pension Plan’s Post
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Partnering with organizations to help them take great care of their people while driving meaningful business outcomes.
How startup leaders communicate their philosophy and plan for attracting and retaining key talent, managing cash and equity burn, and staying strategically focused is key to building confidence in current and future investments. Join us on Tuesday, May 14th at 2:00-2:45 pm ET to learn how to "Build Investor Confidence with a Smart Total Rewards Approach".
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SmartHR, Inc. 𝐑𝐚𝐢𝐬𝐞𝐬 $𝟏𝟒𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 SmartHR, Inc. is a cloud-based human resources and labor management software company that provides businesses with the tools they need to manage their workforce more efficiently, improve employee engagement, and drive organizational growth. The company simplifies and modernizes HR operations through innovative software solutions. With a focus on user experience and automation, SmartHR, Inc. aims to free HR professionals from repetitive administrative tasks, allowing them to focus on more strategic initiatives. SmartHR, Inc. has raised $140 million in a Series E round led by KKR and Teachers’ Ventures Growth, an investment arm of Ontario Teachers' Pension Plan. The new funding round came three years after SmartHR, Inc.’s Series D round of $142.5 million at a $1.6 billion valuation. SmartHR, Inc., Tokyo, Tokyo, Japan, was founded in 2013 by Kensuke Naito and Shoji Miyata. The platform is designed to be highly scalable, flexible, and accessible from anywhere, making it an ideal solution for businesses in today’s dynamic work environment. Whether for small startups or large enterprises, SmartHR, Inc.’s platform is a powerful tool for driving organizational growth and creating a more dynamic and engaged workforce.
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Congratulations! You've successfully negotiated your M&A deal and crossed the finish line. However, the real journey of merging two entities and unlocking their combined potential has just begun. This sequel dives into the crucial stage of post-merger integration, providing insights specifically tailored to the African startup landscape: 1. Embrace Cultural Agility: Merging companies often involves blending diverse work cultures. Foster open communication, celebrate differences, and actively address cultural clashes to ensure a smooth and inclusive integration process. 2. Communication is Key: Establish clear communication channels between both teams. Regularly update employees on progress, address concerns transparently, and actively promote collaboration to build trust and understanding. 3. Leverage Local Expertise: As you navigate the integration process, tap into the local expertise of your newly acquired team. This is especially crucial in African markets, where navigating regulatory nuances and cultural specificities is essential. 4. Prioritize Synergy Identification: Don't just merge processes; actively identify and leverage synergies between the two companies. This could involve combining technologies, streamlining operations, or maximizing market reach - all contributing to greater value creation. 5. Celebrate Milestones, Big and Small: Acknowledge and celebrate achievements throughout the integration process, no matter how big or small. This fosters a sense of shared accomplishment and motivates both teams to work towards a common goal. MAASAI: Your Partner in Building a Thriving Post-Merger Ecosystem We understand that navigating post-merger integration in the dynamic African startup landscape requires a unique approach. Maasai is here to support you every step of the way: ● Tailored integration planning: We collaborate with you to develop a comprehensive integration plan that considers cultural nuances, regulatory complexities, and long-term strategic objectives. ● Change management expertise: Our team of experts provides guidance and support in managing the human aspects of change, minimizing disruption and fostering employee engagement throughout the process. ● Access to a network of resources: We connect you with a network of local and international experts who can provide valuable insights and support specific to the African market. By prioritizing cultural sensitivity, clear communication, and strategic synergy identification, you can transform your post-merger integration from a challenge into an opportunity to unlock the full potential of your combined entity and contribute significantly to the thriving African startup ecosystem. Stay tuned for future content exploring specific strategies for successful post-merger integration in various African regions. #AfricanStartups #PostMergerIntegration #Maasai
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The acquisition of Expensya by Medius isn't just a success story; it's a testament to the power of Employee Stock Options (ESOPs) in creating millionaires out of dedicated employees 🤯🚀 Expensya's journey from a startup in 2014 to a global player with a recent 9-figure acquisition showcases the impact of equity allocation on motivation and success. Lessons for African founders include prioritizing employee ownership, clear communication on ESOPs, and emphasizing future benefits. Here's more on the intricacies of stock options pools and how Raise offers tools for effective management and tracking of equity allocations. 👉 Read article https://lnkd.in/dxystN54 #ESOP #SuccessStory #Expensya #MergersandAcqusitions #Raise #StockOptions #HR #EmployeeRetention #Hiring
Lessons on Expensya’s Acquisition- ESOPs as a Blueprint for African Startup Success | Notion
raiseafrica.notion.site
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This is a pretty big DEEL 🙌🌎 Deel has made CNBC’s #Disruptor50 list! Profitable since 2022, Deel started out at accelerator Y Combinator in San Francisco. Deel went on to raise $679 million in funding, most recently $50 million in 2022 at a valuation of $12 billion. We believe work should work for more amazingly talented people around the globe, not just within a 50-mile radius of a company’s HQ. That’s why we’re simplifying payroll, HR, and compliance complexities worldwide #deel #remotework https://lnkd.in/dt68HAQX
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Founder & CEO of allygatr 🐊 | Building the hrtech ecosystem #hrtechallyance | Bringing together StartUps, Investors, Companies and Experts| HR Tech Expert |> 100k Followers🤳Mentor 🎓 Speaker 📈 Podcaster🎙️Investor💰
𝐖𝐞 𝐠𝐢𝐯𝐞 𝟐𝟓 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐭𝐢𝐜𝐤𝐞𝐭𝐬 𝐭𝐨 𝐇𝐑 𝐞𝐱𝐩𝐞𝐫𝐭𝐬 𝐰𝐡𝐨 𝐫𝐞𝐚𝐥𝐥𝐲 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐚 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 Everyone who really wants to make a difference should be given the opportunity. Venture capital funds commonly have a minimum level of investment they are willing to take from limited partners. This is due to matters of efficiency in fundraising and fund administration / operation. Those seeking to become investors in the fund typically have to meet this threshold. They do this by ‘committing’ the required amount of capital set forth by the fund managers, as opposed to investing a sum of their preference. Minimum investment amounts in VC funds vary widely, depending on the fund’s size, strategy, and target investor base. They typically range from a few hundred thousand to several million dollars. And now allygatr 🐊 comes into play. We have deliberately decided not to be a “normal” investor. We want to create remarkable value for startups, investors, experts, and companies by building a pioneering hrtech ecosystem. together. To achieve this, we also need HR experts who want to help shape the working world of tomorrow. The problem is that not everyone has $100,000 or 200,000 to invest. I say: everyone who really wants to make a difference should be given the opportunity. That's why we decided to award 25 investment tickets to HR experts (CHRO, HR managers, people & culture experts, talent acquisition managers, etc.) with a minimum investment amount that everyone can afford as part of our Series-B financing round. First come, first served. Who do you think is changing the future of work so much and should therefore definitely be among the 25? Want more information? Let's talk: https://lnkd.in/eC32p7Sj #hrtech #invest Thanks to all the HR experts who are already on board at allygatr 🙏🏻 Thomas Perlitz, Dr. Florian Chitic, Jochen Eckhold, Michael Ensser, Holger Gerdes, Peter Hartz, Anton Jacobsen, Kai-Alexander Kaewel, Jess Koch, Andreas Kraus, Thomas Lingen, Anjuli Mauer, Patrick Mollet, Dr. Frederik Möller, Dirk Mundorf, Andreas Philippi, Olaf Ringelband, Christine Rittner, Romy von Roeder, Cindy Rubbens, Marcel Rütten, Andreas Schmitz, Carolin Schneider, Simone Siebeke, Eva Stock, Tatjana Tasan, Mirja Telzerow, Robindro Ullah, Tim Verhoeven, Carmen Zwahr
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🚀 Exciting Milestone Alert: Mindora’s Angel Investment Round Closed Successfully! We’re beyond excited to share a pivotal moment in Mindora’s journey - the successful closure of our angel investment round. This achievement is a testament to our vision and marks a significant leap towards bringing our MVP to the market in Q1 2024. This strategic funding round has garnered the support of notable investors from the United States, each bringing a wealth of knowledge and experience that will be instrumental in Mindora’s mission. Our angel investors are true pioneers in their fields. We’re honoured to have Monica Pool Knox, with her unparalleled CHRO and global HR leadership experience at giants like Microsoft, Twitter, and PepsiCo; Evan Wirkkala, a seasoned executive and investor, partner at Clear Coast Partners, and Kason Morris, M.A.⚡ Design For Life, a visionary in the Future of Work and Skills Based Organization Strategy, currently leading initiatives at Merck and with previous roles at Allstate and Salesforce. Their collective wisdom and insight are precisely what we need as we prepare to launch our MVP. This isn’t just about funding; it’s about forming a foundation with unparalleled expertise in HR and beyond. From Will Mellors-Blair, our Co-founder and CEO: “This milestone is a significant validation for Mindora. It’s thrilling to see such faith in our mission to innovate HR through AI, and having such esteemed investors on board only multiplies our excitement and confidence.” And from Sergio Giannone, our Co-founder and Chief Product Officer: “The journey to transforming HR with our AI platform is enriched by the strategic and sector-specific insights our investors bring. Their support is invaluable as we move closer to our MVP launch, setting new benchmarks in HR technology.” As we gear up for the MVP launch, we’re also laying the groundwork for a pre-seed round, aiming to accelerate our growth further and expand our reach. This angel round is a crucial step in our quest to redefine HR technology, making workplaces more efficient and insightful. Stay tuned to our LinkedIn for updates, insights, and more as we embark on this thrilling phase of our journey. The future of HR technology is bright, and with our incredible team, supportive investors, and the community around us, we’re ready to light up the path. #Mindora #HRTech #StartupJourney #AngelInvestment #Innovation #artificialintelligence
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As startups evolve, the strategic use of Employee Equity Pools remains paramount in cultivating resilience and triumph. A well-structured Employee Equity Pool not only builds a dedicated workforce but also paves the way for long-term success.💪🌐 #StartupSuccess #EmployeeEquity #InnovationJourney #ListenToAudioOne Listen to AudioOne: https://go.shr.lc/3U0A4qI
Employee Equity Pools: The Keystone of Startup Success
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#fundingalert 💼Company: Factorial 💰Funding: $80Million ⚡Round: New Round 👥Investors: Go-To-Market investment, General Catalyst, Founded in 2016, Factorial offers people-centric solutions for small and medium businesses, automating processes from Core HR to Expense management, so they have more time to dedicate to the people within their organization. It serves over 10,000 companies across Europe, US and Latin America. It, as a SaaS business, typically spends upfront cash to sell their product to new customers and grow the business. While the investment is profitable over time, it creates a near term cash outflow for Factorial. Jordi Romero Pranav Singhvi Moran Laufer Luca Eisenstecken Read more - https://lnkd.in/gDQ6nnY2 To share your startup story write us on - [email protected] #Factorial #businesses #investment #Expensemanagement #funding #startupnews #fundingnews #startuprise
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KKR and Ontario Teachers' Pension Plan lead $140M Series E fundraise for SmartHR, Inc. to accelerate growth and innovation in HR tech solutions for Japanese businesses. Read the Latest full News - https://lnkd.in/dxCVnbGq #HRTech #HRTechEdge #InvestmentNews #HRTech #SmartHR #SeriesE #CloudSolutions #DigitalTransformation
KKR and TVG Lead $140M Series E Fundraise for Japan’s SmartHR - HRTech Edge | HR Technology News, Interviews & Insights
https://hrtechedge.com
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BCS Canada - Executive |Chartered Institute for IT | CEng CITP MBCS
2moClarissa Anderson SmartHR.