What is SmartHR?
SmartHR operates as a premier cloud-based HR software provider, specifically engineered to optimize labor management and administrative productivity. The platform serves as a comprehensive ecosystem for digital transformation, automating essential yet labor-intensive tasks such as year-end tax adjustments, employment contract management, and employee data administration. Beyond mere compliance and record-keeping, SmartHR integrates sophisticated talent management functionalities designed to boost employee engagement and organizational productivity. By centralizing these critical functions, the company enables Japanese enterprises to transition away from legacy manual processes toward a more agile, data-driven HR framework.
How much funding has SmartHR raised?
SmartHR has raised a total of $285.6M across 3 funding rounds:
Series C
$46.6M
Series D
$99M
Series E
$140M
Series C (2019): $46.6M with participation from ALL STAR SAAS FUND, THE FUND, and Light Street Capital
Series D (2021): $99M led by SIGNIFIANT, Light Street Capital, Sequoia Capital, Greyhound Capital, and Whale Rock Capital Management
Series E (2024): $140M supported by KKR and Ontario Teachers Pension Plan
Key Investors in SmartHR
KKR
KKR is a global investment firm investing across private markets in every asset class all over the world, KKR mission is to fortify companies and communities and help secure the futures of the institutions and individuals counting on us.
Ontario Teachers Pension Plan
Founded in 1989, the Ontario Teachers' Pension Plan is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario.
Light Street Capital
Light Street Capital Management is an investment management firm located in Palo Alto, California, investing globally in public and private equity markets with a focus on technology and media sectors.
What's next for SmartHR?
With the successful closure of this major strategic investment, SmartHR is well-positioned to accelerate its product roadmap and expand its footprint within the enterprise software market. The company is expected to leverage this capital to deepen its talent management capabilities and further refine its automated HR solutions. As the demand for digital workplace tools continues to rise, SmartHR's focus on scalability and user-centric design will likely remain the primary drivers of its long-term growth strategy. The firm is poised to maintain its leadership status by continuously integrating emerging technologies that address the evolving needs of the modern workforce, ensuring that its clients remain competitive in an increasingly digital global economy.
See full SmartHR company page
