Y Combinator-backed HR software startup Humaans just raised $15 million. Check out the 8-slide pitch
- London-based Humaans has raised $15 million for its employee management software.
- The startup counts Y Combinator and Figma CEO Dylan Field among its backers.
- Check out the 8-slide pitch deck it used to raise from the likes of ex-Stripe exec Lachy Groom.
Humaans, a Y Combinator-backed startup that aims to transform the HR software industry, has raised $15 million in a Series A round.
The London-based startup, which also counts Figma CEO Dylan Field and Slack founder Steward Butterfield among its investors, has developed a centralized hub for employee management that can integrate with existing tools like Google Workplace, Okta, Greenhouse, and DocuSign.
Investment in HR software startups exploded since the onset of the pandemic, hitting $9.3 billion in 2021, up from $4 billion in 2020, according to PitchBook data.
The world of work "has changed in fundamental ways" that require new tools that make sure companies weren't slowed down by HR processes such as onboarding and weren't left exposed by compliance risks, Humaans cofounder and CEO Giovanni Luperti said.
Humaans raised the funds in a round led by ex-Stripe executive Lachy Groom, with participation from the likes of Dutch firm Exor, Shopify founder Tobias Lütke, Slack's Butterfield, Niantic chief operating officer Megan Quinn, and several others from companies such as Niantic and Asana.
It follows the startup's seed round in 2021, when it raised $5 million from the likes of Y Combinator, former LinkedIn CEO Jeff Weiner, and several angel investors from marquee companies such as Stripe, Workday, and Figma – recently bought by Adobe for $20 billion.
Niantic's Quinn said "leadership teams today are facing an ever more complex stack of tools to manage their organizations," while Groom, an early investor in Figma and Notion, said "there are very few teams that can break through the noise of a busy yet complex market".
The market for enterprise software has become increasingly populated since the start of 2020, leading to experts highlighting a potential wave of M&A activity to come.
A report published in September by Hampleton Partners, a corporate finance advisory firm, found that the enterprise software sector saw "a frenzy of M&A activity" in the first six months of 2022 with a total of 1,015 deals globally, breaking the previous record of 953.
ncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufonypwcyamKerXaeuqr%2FErGRqbV2itq24yKilZp6ipLpursCcop6qo2K2r6%2FLrpuippdiwK2twqSqZpqlqcGmvsWinKWcXWd9c36Mamc%3D