An Australian tech firm is set to broaden its horizon with a substantial expansion in Europe. This development comes on the heels of a significant investment from a notable Silicon Valley equity house.
Securing Investment
The Sydney-based global provider of workforce management solutions has secured £12.25 million in growth equity investment from Accel-KKR. This financial boost will support the rapid expansion of its operations in Europe, Asia, and North America.
Unique Position in the Gig Economy
“With companies rapidly leveraging flexible talent, Humanforce is leading the charge in the gig economy as contingent workforces become mainstream,” said Accel-KKR Principal Joe Porten, who will join Humanforce’s board.
Market Opportunity
Accel-KKR’s funding comes to Humanforce after several consecutive years of accelerating subscription revenue growth and new customer acquisitions.
Transition to a SaaS Model
The SaaS model has allowed Humanforce to provide more flexible and scalable solutions to its clients, aligning well with the needs of the gig economy.
Future Prospects
The focus will be on leveraging technology to improve workforce management and engagement.
Conclusion
Humanforce’s expansion into the European market marks a significant milestone for the company. With substantial financial backing and a clear strategy, the firm is poised for continued success in the dynamic gig economy landscape.
In conclusion, the investment from Accel-KKR provides a robust foundation for Humanforce’s ambitious growth plans. The company’s unique solutions for managing contingent workforces are set to make a significant impact in the European market.
With a proven track record and a clear focus on innovation and scalability, Humanforce is well-equipped to navigate the challenges and opportunities that lie ahead. The European expansion is a testament to the company’s commitment to growth and excellence.