Japanese HR generation startup SmartHR has raised a $140 million Series E investment led through KKR and Teachers’ Venture Growth, the venture capital and expansion investment arm of the Ontario Teachers’ Pension Plan.
The Series E beer has participation from existing investors World Innovation Lab (a Canva backer) and Light Street Capital (the portfolio corporations come with Unity), SmartHR said Monday. He did not reveal an assessment for the round.
SmartHR had in the past raised a Series D of 142. 5 million dollars with a valuation of 1,600 million dollars from investors that included Greyhound Capital, a sponsor of Viva Republica of Korean billionaire Lee Seung-gun; Capital de la Luz Street; Sequoia Capital Global Equities, Sequoia’s public/private cross-fund; and Whale Rock Capital, sponsor of Databricks.
Founded in 2013, SmartHR’s HR control software helps corporations with the hiring, control, and management of workers, such as new worker registration, employment contracts, payroll, and taxes.
“SmartHR plays a critical role in enabling the country to move towards greater workforce productivity, while building on the acceleration of digitalization and cloud penetration,” said Mukul Chawla, Spouse and Head of Asia Expansion Capital. KKR Pacific, in a joint meeting with TVG.
“As Japanese corporations grow their businesses with virtual solutions, SmartHR is well-positioned to meet a variety of their frame control needs,” Olivia Steedman, CEO and global head of Teachers’ Venture Growth, said in the joint statement.