New Investments
Nigeria’s SeamlessHR Secures $9 Million in Series-A Extension to Accelerate African Expansion
SeamlessHR, a Nigerian-based HR technology company, has successfully raised $9 million in a Series-A extension round, TechCabal reports.
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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like…
Adenia Partners Secures $470 Million for Largest Africa-Focused Fund
Adenia Partners, a Mauritius-based private equity firm specializing in African investments, has announced the successful closing of its fifth and largest Africa-focused fund, the Adenia Africa Fund, at $470 million.
Africa’s Leading Livestock Trading Platform SwiftVEE Closes Series A Round for Continental Growth
SwiftVEE, described as Africa’s largest online livestock trading platform, has successfully closed a Series A funding round. However, deployment of the new capital depends on finalizing key opportunities in its pipeline.
Proparco Backs Novastar’s $147 Million Africa Climate-Focused Fund With $5 Million Commitment
Proparco, the private sector arm of the French Development Agency, has invested $5 million in Novastar Ventures’ Africa People and Planet Fund III, which has now reached a final close of $147 million.