Human Resources Report: 21 Startups Generating $828M in MRR

Umwelt.AI: $250K in Funding

AI-powered employee engagement platform

Unwelt.ai is an AI-driven, SaaS platform that improves the engagement of employees, thereby unlocking their potential, reducing attrition rates, and boosting business results.

The software allows staff members to be heard via humanized interactions with an integrated chatbot called Nikki (otherwise known as the Chief Listening Officer). Then it uses those discussions, behavioural science, and advanced analytics to help management make data-driven decisions.

Vishal Chopra founded Unwelt.ai in 2018 in Faridabad, India. 5 years later in 2023, it reported $120K in annual revenue. Then in 2024, the business received $125K of additional seed funding, taking its total funding to $250K. The company plans to use this to expand into new markets around the world.

HR Partner: $1M+ in Annual Revenue

The Simple HR Solution Service Making Seven Figures Per Year

HR Partner was created by Devan Sabaratnam and Fiona Adler in 2016. In fact, Devan shared that he built HR Partner at the age of 50, with no knowledge of HR, but, extensive experience of building apps and consulting with businesses.

Seven years later and the million-dollar business has over 2,000 customers in over 70 countries, including the likes of techradar.

HR Partner is designed to be a simple HR solution for small to medium sized businesses. Providing services like employee records, annual leave monitoring, recruiting and onboarding and more.

Pricing ranges from $104 to $6,221 per month depending on team size and the plan that is chosen.

Interestingly, it seems that HR Partner is embracing the emergence of AI and incorporating it into their customer offering with the likes of email templates and job adverts.

Checkmate: $1.6M in Funding

Pre-employment screening

After spending way too many hours reference checking and pre-employment screening candidates, a team of experienced recruiters and compliance managers started researching a more efficient method.

That’s how Checkmate came to life: a revolutionary pre-employment screening platform that simplifies the hiring process by gathering all necessary background checks and reference verifications into a single place for all stakeholders.

Thanks to $1.6 million in seed funding, Checkmate can expand to new markets and enhance its offering to deliver an even greater experience for its 500+ enterprise clients.

The platform is a win-win for both hiring companies and candidates. For those hiring, Checkmate saves them time by automating the process of sending and receiving candidates' references and other documents. This way, they can focus on what matters for the business.

For candidates and referees, Checkmates helps them complete everything on time, thanks to automated reminders and real-time tracking.

HiringThing: $5.5M in Funding

White label recruiting and onboarding

HiringThing offers white-label recruiting software that makes it easy for companies to source talent, manage candidate applications, and then hire the best. The customizable, AI-powered solution includes applicant tracking and employee onboarding software.

HiringThing was launched by Joshua Siler in 2012 with the goal of making hiring a more enjoyable experience for job seekers and employers alike. The platform is simple and intuitive and allows businesses to streamline hiring across multiple clients and locations, while retaining a personal touch. Together these features make up “Hiring Happiness®”.

Funding rounds have netted the business $4.5M in March 2012 from angel investors and then $1M in seed funding in January 2019, totaling $5.5M. The latest investment will be used to grow the sales and engineering teams and expand the business further.

Engagedly: $8M in Annual Recurring Revenue

Talent management platform

Success is rarely linear. This applies to founders Jay Shankar, Pankaj Singh, and Srikant Chellappa who, after a failed attempt with the employee social platform Team Yogi, took in all the lessons learned and built Engagedly, which now has an impressive $8M in annual recurring revenue.

The talent management platform is well-known for its adaptability, as it combines five products in one: employee engagement, performance management, rewards and recognition, learning and development, and talent mobility and growth.

Having all this in one place helps managers foster a high-performance culture, where they can get a full picture of their team. For employees, Engagedly is a one-stop-shop where they can easily communicate, access important documents, get rewarded, upskill or reskill, and so on.

Engagedly offers monthly pricing starting from $16 per user, with additional features like mentoring and compensation suites which can be added for an extra charge.

Aptic: $8.5M in Annual Revenue

Personalised HR and Recruitment services

Aptic provides a range of HR, recruitment and interim management consulting services to French businesses.

Founded in 2016 by a group of experienced consultants, the business works with companies to provide tailor-made solutions for hiring and retaining employees.

These services include recruitment, short-term project talent support, assistance in finding roles for candidates with disabilities, and salary research to help firms retain talent.

In 2023 Aptic generated €7.48 million (~$8.5M) in annual revenue, which represented a three-year growth rate of 178%.

Omni HR: $9.8M in Funding

All-in-one HR software with a focus on Asia

Omni HR is a holistic human resources platform that allows companies to work globally, while also considering the unique needs of the Asian market. Amongst other features, the system offers automated workflows, engagement and performance management modules, and payroll handling.

The business was founded by Brian Ip in 2021. Formerly the Executive Director in Growth Equity Investment at Goldman Sachs, he witnessed first-hand the challenges faced by Asia-based companies. They were forced to choose between outdated local solutions to manage their people or Western-built modern systems unsuited to cultural nuances and local regulations. Omni HR solves that problem.

In December 2024, Omni HR received $7.4M in additional funding, giving it a total of $9.8M. The company will use this to develop its products further and expand across the Asia Pacific region.

RemotePass: $10.5M in Funding

Global HR platform which assists with hiring, onboarding and payroll

RemotePass is an onboarding and payroll platform for global workforces which was founded in 2020 by Kamal Reggad and Karim Nadi.

The HR service makes it easier for companies to hire, onboard and make payments to teams in more than 150 countries.

RemotePass has offered international HR support to more than 600 startups and large companies including Logitech and Spotify. The service is priced at $40 per month for each contractor, or $299 per month for full-time employees.

RemotePass achieved rapid growth of 35% each month for the first two years of operation, which enabled the business to increase revenue by 200% between 2022 and 2023.

In March 2024 RemotePass announced that they’d generated $5.5 million in funding as they look to continue scaling the business. This takes the total amount of investment into the company to $10.5 million.

AIHR: $13.3M in Annual Revenue

HR training platform

To keep up with the fast-paced world of work, Nando Steenhuis and Erik van Vulpen founded the Academy to Innovate HR (AIHR), where HR professionals can access world-class online training and 13 certificate programs for $131 per month.

Steenhuis and van Vulpen’s vision was to improve both employee and employer experience, as better HR professionals means better employee experience for all workers out there.

With a compound annual growth rate of 72.4%, AIHR is already helping over 45,000 HR professionals excel in their careers.

AIHR offers members 100% online courses that they can learn at their own pace. As well as case studies and assignments so members can apply what they’ve learned in real-world scenarios. Access to a comprehensive HR library with playbooks, guides, and tools for on-the-job support is also included; along with a personal coach to assist throughout the program. Not to mention accredited education, weekly live events, and access to thousands of HR resources.

In 2023 the business generated annual revenue of €12.5 million (~$13.3M) as they increased income by 249% over a three-year period.

Info-Tech: $19.2M in Annual Revenue

HR and Accounting Software provider

Info-Tech is an HR and accounting platform which was founded back in 1996 from their headquarters in Singapore.

The business aims to support companies with an all-in-one resource operations package that includes accounting and HR software, payroll services, and reports.

Working with varying-sized businesses in a range of industries, Info-Tech has gone on to provide human resource management and accounting to more than 30,000 customers thanks to a team of 500+ employees.

The cost of the service is a little vague - as customers are encouraged to request a demo to trial the platform - but we can see that access to some elements of the accounting software start from $25 per month.

Annual revenue for the business has been fairly consistent over the last two years, falling slightly to $19.2 million from $20.5 million the previous year. However, this is a significant increase on the $6.2 million annual revenue reached in 2019.

TeamBridge: $41M in Funding

Workforce operating platform

Back when they were product and design leaders at Uber, Arjun Vora and Tito Goldstein noticed a gap between the needs of hourly workers and the HR software they were using. This is despite the fact that hourly workers account for 60-70% of the world’s workforce.

Simple tasks like clocking in, changing payment accounts, onboarding, or accessing legal documentation, were all missing, which led Vora and Goldstein to create TeamBridge – a workforce operating system that raised a total of $41 million in funding.

Since its launch in late 2022, TeamBridge has become increasingly popular in various sectors, from medical staffing and homecare to warehouse staffing and hospitality.

The platform ensures an Uber-like app experience for hourly workers while automating various HR tasks for companies. Employees can view and book shifts, text with managers, sign legal documentation, take time off, and more. Companies can use templates to organise their workspace, automate repetitive tasks, and create a workflow that saves time, lowers their costs and increases revenue.

Nectar: $43M in Funding

Culture operating system

A little appreciation goes a long way, especially in the world of work. This insight led Sonia Rai to found Nectar, a dedicated platform for HR professionals interested in creating strong organisational cultures.

Nectar HR offers three products which can save companies time and help reduce voluntary employee turnover by 29%:

• Through Recognition & Rewards, companies can reward employees for their contributions, foster collaboration, and boost participation in learning and development.
• The Internal Communication software helps them communicate clearly, collaborate seamlessly and access data to improve their communication strategy on the go.
• The Employee Nomination Program empowers employees to nominate their peers for company awards.

With a total of $43 million in funding, Nectar is already popular in different industries, from health care and engineering to construction and education.

360Learning: $48M in Annual Revenue

Collaborative learning platform

360Learning is an employee training platform which was founded in 2013 by Nick Hernandez.

The service enables in-house experts and learners to collaborate and quickly create training programs for new team members, in order to support with their onboarding.

Pricing for the service starts at $8 per user per month and includes a dashboard to manage all of the learning. To date, the business has been used by more than 2,300 companies, including household names such as Dior, Duolingo, and Trustpilot.

360Learning - which has raised $242 million in funding to date - has increased annual revenue to €44 million (~$48M) from €12 million (~$13.1M) three years prior.

Annual income for the current financial year is expected to exceed $60 million as the business focuses on growing its North American operations, which currently makes up just over 15% of total revenue, despite growing by 65% year on year.

Fingercheck: $115M in Funding

Payroll and management platform

After serving payroll solutions to large companies in the healthcare industry, the second-generation entrepreneur Joel Kohn wanted to replicate these services to small and medium-sized businesses.

So, he founded Fingercheck, a payroll and management platform that has raised a total of $115 million in funding.

The service provides all the features of enterprise-level payroll and HR management, starting from only $20 per month plus $7 per employee.

From a single location, Fingercheck allows companies to access automated payroll, pay-on-demand solutions, hourly time tracking, hiring and onboarding solutions, people management, scheduling and people chat, and employee benefits management.

Besides saving 10+ hours on payroll and HR tasks a month, businesses that use Fingercheck report saving up to $5,000 per year; which is perhaps the reason the platform is now trusted by over 5,000 businesses.

Velocity Global: $200M+ in Annual Recurring Revenue

AI-powered global HR platform

Founded in 2014 by Ben Wright, Velocity Global is an AI-powered global workforce platform that makes it easy for companies to manage their people across more than 185 countries. With a strong focus on compliance, it also supports hiring, payments, benefits programs, and staff relocation.

Velocity Global puts its own platform to the test through managing a staff of hundreds of employees in 60 countries across 6 continents. Now with over 1,500 customers and 7,500 supported employees worldwide, the company has grown by more than 40% year on year and has an annual recurring revenue of over $200M.

In 2021, the business raised $100 million in Series A funding, followed by $400 million Series B funding in 2022.

Oyster: $286M in Funding

Global employment support

Led by a strong belief that everyone deserves fair career opportunities, Tony Jamous co-founded Oyster, a global employment platform that empowers businesses to hire people from anywhere in the world.

For Tony, this is not just another business, it’s a life journey that started in Lebanon, where he grew up. Escaping a war zone, becoming an immigrant, and facing numerous challenges led him to reimagine the world of work.

Since its launch in 2020, the B-certified unicorn raised its value to $1.2 billion, with a total funding of $286 million.

Through Oyster, companies can work with people from over 180 countries without having to open new offices or deal with local legislature. The platform handles onboarding, payments, and managing full-time employees and contractors. Salaries, bonuses, and expenses can all be run in over 180 currencies, from a single dashboard.

The platform also offers tools to streamline paperwork and access to local insights to hire the right candidates straight away. Oyster can connect with other tools like Workday, Zapier, and Slack, to boost productivity, save time during the hiring process, and keep communication going – wherever, and whenever.

Remote: $496M in Funding

Global HR platform for distributed teams

Remote helps businesses hire, manage, and pay remote employees around the world, allowing them to source international talent. At the same time, it gives candidates access to world-class working opportunities, no matter where they’re based.

Remote’s founders, Marcelo Lebre and Job van der Voort, established the business in 2019 with the goal of reducing inequality in the world today. The company itself provides a shining example, as it also runs Remote for Refugees and Remote Relocation programs to assist people in need in countries like Ukraine, Syria, and Afghanistan.

Between 2021 and 2022, the business’s globally distributed team grew by 900% in 12 months, earning the distinction of being the fastest-growing employer of record in the world.

To support their global efforts, in April 2022 Remote received $300 million in Series C funding, bringing its total amount of investment to $496 million.

Deel: $500M in Annual Recurring Revenue

Global all-in-one HR and payroll platform

Deel is a global human resource platform which aims to streamline HR and payroll processes with their all-in-one cloud based service. The business was founded in 2007 by George Karageorgiades and brothers Bruce, Clyde and Warren Clark.

Using Deel customers can run payroll, hire globally, manage tax reporting and compliance, consolidate all HR operations into one dashboard and even set performance goals to team members.

The platform is trusted by more than 25,000 companies including the likes of Calvin Klein, Klarna and Red Bull, and is used in over 150 countries.

Users can begin using the HR admin tool for free, and there are various additional services with extra costs such as the option to pay international contractors from $49 per month and hiring overseas from $599 per month.

In March 2024 Deel announced they were acquiring PaySpace to expand their payroll offering to an additional 50+ countries. This acquisition follows from the purchase of Zavvy, a career progression platform, a short time earlier.

With these acquisitions aside, Deel is generating $500 million in annual recurring revenue. This is an increase on the $290 million ARR in 2022 as they continue to grow at over 30% YoY.

Gusto: $500M+ in Annual Revenue

Payroll and HR Platform

Gusto - previously known as ZenPayroll - supports companies in managing employee benefits and HR. The business was founded in 2012 by Edward Kim, Tomer London and Josh Reeves.

The service aims to be an all-in-one solution for the 300,000 customers it supports by assisting with a wide range of HR-related tasks such as payroll, employee health insurance and 401(k) accounts, hiring and onboarding, talent management and employee reporting.

The platform offers three subscription plans starting from $40 per month for small businesses, and rising to $60 or $135 each month for larger companies with additional HR requirements.

Gusto has received $746 million in total funding to date. They shared in 2021 that revenue was growing by as much as 50% each year and reported more recently that annual revenue for 2023 had surpassed $500 million.

Personio: $724M in Funding

All-in-one intelligent HR software

Personio is an international platform that centralizes and automates human resources processes for SMEs. To date, it’s helped over 14,000 companies optimize everything from hiring and training to managing performance, payroll, and offboarding.

The business was founded in 2015 by Hanno Renner, Roman Schumacher, Arseniy Vershinin, and Jonas Rieke. After meeting in Munich while studying at the Center for Digital Technology & Management, they noticed that Europe’s HR processes were extremely cumbersome and decided to change that.

Personio also supports climate change and education non-profits around the world through the Personio Foundation, which owns 1% of the company’s shares.

In June 2022, the business received $200M in additional funding, bringing their Series E amount to $470 million and their total funding to $724M. The new funds are being used to further develop the business’s People Workflow Automation.

Workday: Q3 2025 Revenue (Not a Typo) of $2.16Bn

The platform that combines HR and finance

Founded in March 2005, the HR and finance platform grew quickly, becoming a public company just seven years later.

Workday describes itself as the only platform that unites HR and finance teams, and has quickly added AI and machine learning to its business-focused offerings.

No direct pricing is available on their website, likely due to the different team sizes and requirements of each individual customer. The primary sectors they serve include banking, insurance, healthcare, manufacturing and technology.

Their most recent financial data was revealed in October of 2024, where they posted quarterly revenues of $2.16Bn, an increase of 15.76% year over year. They also shared that subscription revenues accounted for $1.959Bn of that, up 15.8% year over year.