Nigerian HR tech leader SeamlessHR has raised $9 million in a Series A extension round, with participation from the Gates Foundation and Helios Digital Ventures, according to sources familiar with the matter. This latest funding brings the company’s total capital raised to approximately $25 million.
The fresh capital will support SeamlessHR’s ambitious expansion plans across Africa, with the company reportedly exploring potential acquisitions in the HR tech space. Just last year, the company was in talks to acquire a Nigerian HR tech startup, signaling its commitment to market consolidation.
Funding History and Growth
SeamlessHR’s funding journey reflects its steady growth since inception:
- 2019: $150,000 pre-seed round from Tofino Capital and Ventures Platform
- 2020: Undisclosed seed round from investors including Consonance Investment Managers
- 2022: $10 million Series A from TLCom, Capria, Lateral Frontiers, Ingressive Capital, and Enza Capital
- 2024: $9 million Series A extension from Gates Foundation and Helios Digital Ventures
Since its founding in 2018, SeamlessHR has evolved from a basic HR management solution to a comprehensive suite of enterprise tools. The company’s offerings now include:
- Core HR management systems
- Performance management tools
- Payroll processing solutions
- Recruitment platforms
- Recently launched e-procurement platform
SeamlessHR has established itself as a dominant player in Africa’s HR tech sector, serving major markets including Nigeria, Ghana, and Tunisia. The company’s client portfolio includes prestigious organizations such as PwC, Sterling Bank, and Lagos Business School.
“Over the last five years, we have expanded across the continent to become the dominant HR and Payroll Software for medium to large enterprises in Africa,” said Emmanuel Okeleji, SeamlessHR’s Co-founder and CEO. “While we continue to accelerate our work to optimize workforce productivity in both the public and private sectors across the continent, much of our attention will also be on empowering hardworking Africans with responsible credit products that will help them use their employment as collateral to enjoy a better life.”
The company’s latest funding round, while slightly below the initial target of $10 million, positions SeamlessHR for continued growth and innovation in the African HR tech market. With plans to enhance its product offerings and expand its geographic footprint, SeamlessHR appears well-positioned to maintain its leadership in HR technology solutions across the continent.
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