Sesame HR, a Valencia-based HR tech startup, announced on Thursday that it has secured €10M in a Series A funding round led by PSG, a growth equity firm.
The funding will enable the Spanish startup to expand its ecosystem in the domestic and international markets.
Sesame will also use the funds to improve its People Analytics offering to help companies better understand their employees and create fully personalised work experiences.
Albert Soriano, CEO and founder of Sesame, says, “It’s essential to our business since it allows us to make the experience of using Sesame bespoke to each country and aligned with the business needs of each region.”
“The new reality in the world of work is complex and the speed at which the changes come is overwhelming for many HR teams, so in addition to digitising and automating the management of teams, it is necessary to focus on the development of solutions that facilitate the transmission of company culture and to improve the employee experience,” he adds.
Sesame HR: What you need to know
Founded by Albert Soriano, Sesame HR provides human resource software that streamlines processes related to centralised employee management on a single platform.
Through tools and automation, Sesame helps managers, executives and HR professionals in companies digitise and simplify the most routine tasks so that they can spend more time on creating the best experience possible for their employees.
The company’s People Analytics solution helps companies to have a much clearer and agile vision of their team.
“One of the unique focuses of Sesame is to centralise the use of its own functions, as well as with other complementary software products necessary for team management. However, we believe that this goes beyond the basic integration that many are used to in software, employing a deeper symbiosis that helps make the management of HR teams more efficient. With Sesame HR, we seek to facilitate work and improve the experience of our clients who can access a wide range of innovative tools via a single platform,” adds Soriano.
Presently, Sesame HR has more than 5,000 clients and provides solutions for companies with between 10 and 2,000 employees.
The company has digitised and automated many tasks, including vacation management, shifts, digital signatures, recruitment, document management, evaluations, onboarding, training, and much more.
“Employees do not want to be treated as groups, they want individualised actions, decisions, and performance measures. We believe the new way of working has opened up a fantastic opportunity for software products like Sesame to create solutions adapted to this new world. Beyond the digitisation of processes, we want to help companies adapt to this new era,” explains Albert Soriano.
Sesame operates in 30 countries, has more than 90 employees, and will seek to significantly grow its workforce in 2022.