Spanish startup Sesame HR has announced that they have secured €10 million( $11 million) funding. The round was led by PSG, a Boston, Massachusetts-based growth equity firm who has partnered with middle-market software and technology-enabled services companies to help accelerate Sesame HR’s growth.
According to the company’s statement, PSG’s support will help strengthen Sesame's international presence by helping the HR tech startup adapt its products to each new country, leveraging the firm’s presence and expertise across Asia, Europe and the United States.
The company was founded by Albert Soriano in 2015 with the aim to strengthen connections between organisations and employees by offering a software that streamlines processes related to centralised employee management on a one stop shop platform.
Albert Soriano, Founder and CEO, Sesame HR said, “The new reality in the world of work is complex and the speed at which the changes come is overwhelming for many HR teams, so in addition to digitising and automating the management of teams, it is necessary to focus on the development of solutions that facilitate the transmission of company culture and to improve the employee experience”.
He also added that employees do not want to be treated as groups, they want individualised actions, decisions and performance measures and the company believes in the new way of working that has opened up a fantastic opportunity to create solutions adapted to this new world.
Since its inception, the organisation has had sustainable growth and has kick-started plans to improve people analytics by offering to apply Artificial Intelligence to create fully personalised work experience. It currently operates in 30 countries, has more than 90 employees and will seek to significantly grow its workforce in 2022 across the world.