Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Humi Closes USD 15M Series A.

Document Cited in Related
Vincent

INTERNET BUSINESS NEWS-(C)1995-2020 M2 COMMUNICATIONS

Humi, Canada's all-in-one HR platform that provides small to medium-sized businesses with HR, Payroll, and Benefits solutions, has announced USD 15M CAD in financing, including both equity and debt, the company said.

The raise is led by Tribe Capital, a prominent US venture capital firm whose team has funded successful software companies, including Slack and Carta.

To help meet the growing demand for its products and services, the funding will be used to further develop Humi's software as Canada's only true all-in-one people solution.

With COVID-19 bringing a new shift in traditional businesses adopting a remote-friendly work culture, there is more demand than ever for cloud-based employment solutions. Since March, Humi has seen an 80% increase in demand from companies looking to hire, onboard, pay, and track vacation all from within the cloud.

Launched in 2016 via the Y Combinator startup accelerator, Humi's mission is to make life easier for businesses and their employees through streamlining employment processes into an all-in-one people software. While most HR tech companies build for customers in multiple countries, Humi has made the decision to be hyper-focused on the Canadian market and is supporting employers and employees with...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT