What is Paycor?
Founded in 1990 and headquartered in Cincinnati, Ohio, Paycor specializes in providing comprehensive human capital management (HCM) technology solutions tailored for small and medium-sized organizations. The company's platform integrates HR and payroll functions, aiming to streamline operations and enhance employee management for its diverse client base. Paycor's commitment to serving the SMB market positions it as a key player in a sector increasingly reliant on efficient and scalable technology.
How much funding has Paycor raised?
Paycor has raised a total of $1.3B across 6 funding rounds:
Private Equity
$110M
Private Equity
$7.1M
Private Equity
$45M
Multiple Rounds
$1.1B
Private Equity (2014): $110M, investors not publicly disclosed
Private Equity (2015): $7.1M, investors not publicly disclosed
Private Equity (2016): $45M, investors not publicly disclosed
Private Equity (2021): $270M featuring Leumi Partners, Franklin Templeton, ClearBridge Investments, Neuberger Berman, Teca Partners, and Qatar Investment Authority
Stock Issuance/Offering (2021): $489M, investors not publicly disclosed
Stock Issuance/Offering (2021): $384M, investors not publicly disclosed
Key Investors in Paycor
Leumi Partners
Leumi Partners is a leading Israeli financial firm specializing in investment banking and research services, offering direct strategic investments and advisory services.
Franklin Templeton
Franklin Templeton is a global investment management organization providing a wide array of investment solutions, including equity, fixed income, and alternative assets, to clients worldwide.
ClearBridge Investments
ClearBridge Investments is an investment management firm known for its expertise in equity and fixed income strategies, serving institutional and retail clients.
What's next for Paycor?
With substantial backing, Paycor is strategically positioned for accelerated growth and market penetration. The recent major strategic investment signals confidence from investors in the company's business model and future prospects. This capital will likely be deployed to enhance its technology offerings, expand its market reach, and potentially pursue strategic acquisitions. Paycor's focus on the evolving needs of SMBs in human capital management suggests a continued emphasis on innovation and customer-centric development, aiming to solidify its leadership in the HCM space.
See full Paycor company page
