The funding comes from notable investors, including the Gates Foundation and Helios Digital Ventures.

This latest round adds to the company’s previous $10 million Series-A funding secured in 2022 from TLCom, Capria, Lateral Frontiers, Ingressive Capital, and Enza Capital.

Including earlier funding rounds, SeamlessHR has now raised approximately $25 million since its inception in 2018.

According to insiders, SeamlessHR plans to channel the new funds toward its continental expansion efforts, potentially through acquisitions.

Reports indicate the company explored acquiring a Nigerian HR tech startup last year, signaling a strategic intent to bolster its market presence.

“We’ve grown significantly over the past five years, establishing ourselves as the leading HR and Payroll Software provider for medium to large enterprises in Africa. Our goal remains optimizing workforce productivity while introducing innovative solutions like responsible credit products to empower African workers,” said Emmanuel Okeleji, Co-founder and CEO of SeamlessHR, in a statement.

SeamlessHR offers a robust cloud-based HR software platform tailored to meet the needs of businesses across Nigeria, Ghana, and Tunisia.

Its suite includes tools for performance management, payroll, recruitment, and, more recently, an e-procurement platform launched in 2024.

The initiative targets the deployment of 120 MW of renewable power, including battery energy storage, aiming to bridge the continent’s energy gap.

The platform is a collaboration involving PowerGen, the Private Infrastructure Development Group (PIDG), the Danish Investment Fund for Developing Countries (IFU), EDFI Management Company (through its EU-funded Electrification Financing Initiative), and the African Development Bank’s Sustainable Energy Fund for Africa (SEFA).

PIDG’s commitment was delivered via InfraCo, leveraging concessional capital from PIDG Technical Assistance. SEFA, a multi-donor fund managed by the African Development Bank, provides catalytic financing to drive private sector investments in renewable energy and energy efficiency.

Building on more than 13 years of operational expertise, PowerGen aims to develop a 120 MW portfolio of mini- and metro-grids and commercial and industrial (C&I) power systems.

The projects, which will include battery energy storage, will initially target underserved regions in Nigeria, Sierra Leone, and the Democratic Republic of the Congo (DRC).

With an estimated 570 million people in sub-Saharan Africa lacking access to electricity, the platform’s regional expansion seeks to accelerate electrification through collaborations with local developers and EPC partners.

The first phase of funding closed in January 2025, paving the way for additional equity and debt financing later this year.

With the secured funding, PowerGen is set to bring reliable electricity to over 68,000 households and reduce power costs for 7,000 businesses.

This increased access is expected to drive economic activity, boost productivity, and create significant employment opportunities.

Aaron Cheng, CEO of PowerGen, highlighted the company’s vision:

“We are excited to embark on this transformative chapter in Africa’s energy journey. Through our partnership, we aim to contribute meaningfully to the continent’s energy transition and socio-economic growth.”

This initiative marks a significant step toward closing Africa’s energy gap, enhancing climate resilience, and fostering sustainable development across the region.