What is Paycor?
Founded in 1990 and headquartered in Cincinnati, Ohio, Paycor offers a comprehensive suite of HR and payroll technology solutions designed to streamline operations for small and medium-sized businesses. The company's platform addresses critical human capital management needs, enabling organizations to manage their workforce more effectively. Paycor's strategic capital infusions indicate a strong trajectory in a competitive market, positioning it as a key player in HR tech.
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, Neuberger Berman, Qatar Investment Authority, ClearBridge Investments, Franklin Templeton, and Teca Partners
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 direct strategic investments, with a strong focus on agility and expertise in the technology sector.
Neuberger Berman
Neuberger Berman Group LLC is an independent, employee-controlled asset management company founded in 1939, offering a broad range of global investment solutions to institutions and individuals.
Qatar Investment Authority
Qatar Investment Authority, established in 2005, is a sovereign wealth fund based in Doha, Qatar, specializing in both foreign and domestic investments across various asset classes.
What's next for Paycor?
The recent major strategic investment signifies Paycor's robust expansion phase, likely aimed at enhancing its technological capabilities, broadening its market reach, and potentially pursuing strategic acquisitions. With a history of consistent capital raises, Paycor is poised to further solidify its standing in the human capital management space, driving innovation and delivering advanced HR and payroll solutions to its growing client base.
See full Paycor company page
