Global private investment firm KKR has acquired a stake in Employment Hero, a specialist in employment management solutions, from SEEK Investments, the manager of the SEEK Growth Fund, a long-term investment fund focused on human capital management.
Following the deal, the SEEK Growth Fund continues to be a material investor in Employment Hero.
Founded in 2014, Employment Hero provides end-to-end human resources management, payroll, recruitment, and employee engagement tools covering every stage of the employee lifecycle. Over the past decade, the company has grown its footprint to serve more than 300,000 small and medium-sized enterprises globally.
For Employment Hero, KKR’s investment builds on its strong growth momentum and follows its acquisition of leading Canadian employment platform Humi in January. In addition, the Company has surpassed $250m in annual recurring revenue (ARR).
KKR’s investment comes from its Asia Next Generation strategy, and marks the firm’s latest growth equity investment in Australia, following Advanced Navigation, a developer of AI robotics and navigation technology.
The transaction is expected to be completed by the first quarter of calendar year 2025.
