In brief: Humanforce bags $16m from Accel-KKR

Humanforce, a Sydney-based global provider of workforce management solutions, today announced it has secured US$16.1 million in growth equity investment from Accel-KKR, a Silicon Valley technology-focused investment firm.

Humanforce will use the funding to expand its operations in Europe, Asia, and North America, building on its entry into these markets.

Source: Humanforce

Humanforce has developed software-as-a-service aimed at enterprises employing “contingent workforces” – in other words, teams of on-demand workers.

The Australian startup’s platform includes tools designed for human resources, time and attendance, rostering, employee availability, and payroll management.

“Managing this type of workforce presents unique challenges that legacy technology vendors aren’t built to solve,” said Accel-KKR principal Joe Porten. “Humanforce is uniquely positioned to serve the gig economy and capture a disproportionate share of the market as its solutions were purpose-built with these challenges in mind.”

Accel-KKR was originally founded as a joint venture of US investment firms Accel Partners and KKR, but it now operates independently.

Currency converted from Australian dollars. Rate: US$1 = A$1.40