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Quick Read: SeamlessHR, a Nigerian HR tech company, has raised $9 million in a Series-A extension round, bringing its total funding to $25 million. The funds, backed by the Gates Foundation and Helios Digital Ventures, will support its expansion across Africa, including potential acquisitions. Founded in 2018, SeamlessHR offers cloud-based HR solutions and recently launched an e-procurement platform. CEO Emmanuel Okeleji emphasized their mission to optimize workforce productivity and empower Africans with responsible credit products.
SeamlessHR, a Nigerian HR management solutions company, has raised $9 million in a Series-A extension round. Sources familiar with the deal revealed that key contributors to this funding include the Gates Foundation and Helios Digital Ventures. This follows the company’s $10 million Series A round in 2022, bringing its total funding to approximately $25 million.
The newly raised funds will support SeamlessHR’s growth across Africa, with a focus on potential acquisitions. In 2023, the company reportedly explored acquiring a Nigerian HR tech startup, further highlighting its expansion ambitions.
Strategic Growth and Funding Milestones
SeamlessHR initially aimed to secure $10 million in this round but concluded with $9 million. The company’s funding journey began with a $150,000 pre-seed round from Tofino Capital and Ventures Platform in 2019. This was followed by an undisclosed seed round in 2020 with investors like TLCom, Capria, and Consonance Investment Managers. By 2022, SeamlessHR raised a $10 million Series A round backed by TLCom, Capria, Lateral Frontiers, Ingressive Capital, and Enza Capital.
CEO Vision for Expansion
In a statement, Emmanuel Okeleji, Co-founder and CEO of SeamlessHR, shared the company’s mission:
“Over the last five years, we have expanded across the continent to become the dominant HR and Payroll Software for medium to large enterprises in Africa. While we continue to optimize workforce productivity across sectors, we’re also focused on empowering hardworking Africans with responsible credit products, enabling them to leverage their employment for a better life.”
SeamlessHR: A Leader in HR Tech
Founded in 2018, SeamlessHR provides cloud-based HR software to simplify workforce management. Its platform includes tools for core HR functions, performance tracking, payroll, and recruitment. In 2024, the company introduced an e-procurement platform, further diversifying its offerings.
SeamlessHR serves a wide range of clients, including PwC, Sterling Bank, and Lagos Business School. With operations in Nigeria, Ghana, and Tunisia, it continues to solidify its position as a leading HR tech provider in Africa.
This latest funding round positions SeamlessHR to drive innovation and extend its reach across the continent, paving the way for further growth in the African HR tech sector.
