SeamlessHR, a Nigerian company that helps businesses manage HR functions, has raised a $9 million Series-A extension round, according to three people with knowledge of the conversation.
SeamlessHR raised a new round from the Gates Foundation and Helios Digital Ventures. The company raised its $10 million series A in 2022.
According to two sources familiar with the company’s operations, the company plans to use the new funding to drive its expansion across Africa, which may include acquisitions. Last year, the company reportedly held talks to acquire one HR tech startup in Nigeria.
The company set out to raise $10 million but eventually raised $9 million, according to one person familiar with the conversation who could not named as they were not authorized to speak on the matter. The new round of funding brings SeamlessHR’s total fund raised to about $25 million. The startup raised a $10 million Series A round in 2022 from TLCom, Capria, al Frontiers, Ingressive Capital and Enza Capital. It raised an undisclosed seed round from the same investors and Consonance Investment Managers in 2020. SeamlessHR raised a $150,000 pre-seed round from Tofino Capital and Ventures platform in 2019
“Over the last 5 years, we have expanded across the continent to become the dominant HR and Payroll Software for medium to large enterprises in Africa. 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,” wrote Emmanuel Okeleji, SeamlessHR’s Co-founder and CEO, in a statement announcing the raise.
Founded in 2018, SeamlessHR provides a cloud-based HR software solution that simplifies human resources management. Their comprehensive suite of tools covers everything from core HR functions and performance management to payroll and recruitment. In 2024, they added an e-procurement platform to their product offerings. The company has quickly become one of the leading HR tech providers in Africa, with customers in Nigeria, Ghana, and Tunisia, including renowned brands like PwC, Sterling Bank, and Lagos Business School.
