SeamlessHR Raises $9M in Series-A Extension for Africa Expansion
TLDR
- SeamlessHR, a Nigerian HR tech company, has secured $9 million in a Series-A extension round
- The company provides cloud-based HR solutions for medium to large enterprises, offering tools for HR management
- The funding brings SeamlessHR’s total raised to around $25 million since its inception in 2018
SeamlessHR, a Nigerian HR tech company, has secured $9 million in a Series-A extension round, led by the Gates Foundation and Helios Digital Ventures. The company, which raised $10 million in its Series A round in 2022, plans to use the funds to drive expansion across Africa, potentially including acquisitions.
The company provides cloud-based HR solutions for medium to large enterprises, offering tools for HR management, payroll, performance tracking, recruitment, and e-procurement. It serves clients across Nigeria, Ghana, and Tunisia, with notable customers like PwC, Sterling Bank, and Lagos Business School.
The funding brings SeamlessHR’s total raised to around $25 million since its inception in 2018. The company has previously received investments from TLcom, Capria, Lateral Frontiers, Ingressive Capital, Enza Capital, and Consonance Investment Managers.
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Key Takeaways
SeamlessHR’s growth reflects the increasing demand for HR tech solutions across Africa’s expanding business landscape. The startup’s ability to address complex HR challenges has positioned it as a dominant player in the market. By offering cloud-based tools that improve efficiency and workforce productivity, SeamlessHR is not only empowering businesses but also enhancing employee welfare through credit products that use employment as collateral. As the company eyes further regional expansion and possible acquisitions, it is well-poised to solidify its role as a leader in Africa’s HR tech ecosystem, fostering economic growth and innovation in the public and private sectors.
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