Employment Hero
Valuation
$1.4B
2024 Revenue
$152.8M(Est.)
Customers
800K
Funding
$164.1M
Avg ACV
$191
Team · 2025
1.7K
Founded
2014
Employment Hero Revenue, Valuation & Funding (2024)
Employment Hero is an Australian human resources (HR) and payroll software company that provides a cloud-based platform for small and medium-sized businesses. Their platform helps businesses manage HR tasks such as employee onboarding, performance management, compliance, and payroll processing, all in one place. The company was founded in 2014 and is based in Sydney, Australia.
Last updated
Employment Hero Revenue
In 2024, Employment Hero's revenue reached $152.8M. The company previously reported $122.9M in 2023. Since its launch in 2014, Employment Hero has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Employment Hero Hit $152.8m revenue in October 2024 | Estimated |
| 2023 | Employment Hero Hit $122.9m revenue in November 2023 | Estimated |
| 2022 | Employment Hero Hit $84.2m revenue in November 2022 | |
| 2021 | Employment Hero Hit $52.7m revenue in November 2021 | |
| 2020 | Employment Hero Hit $13m revenue in August 2020 | |
| 2016 | Employment Hero Hit $1m revenue in June 2016 | |
| 2014 | Launched with $0 revenue |
Employment Hero Valuation, Funding Rounds
Employment Hero reached a $1.4B valuation in 2021, set during its Series E round.
Employment Hero has raised $164.1M in total funding across 7 rounds, most recently a $102.7M Series E round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series E | $102.7M | $901M | 11% | |
| 2021 | Series D | $33.7M | $159.4M | 21% | |
| 2019 | Series C | $15M | - | - | |
| 2018 | Series B | $8M | - | - | |
| 2016 | Series A | $1.5M | - | - | |
| 2016 | Series A | $2.2M | - | - | |
| 2015 | Debt Financing | $1M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Employment Hero serves 800K customers.
Employment Hero Employees & Team Size
Employment Hero employs approximately 1.7K people as of 2026, up from 1.3K in 2024, including 144 sales reps that carry a quota. It serves 800K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 1.7K employees (November 2025) | |
| 2024 | Reached 1.3K employees (October 2024) | |
| 2023 | Reached 770 employees (November 2023) | |
| 2023 | Reached 770 employees (September 2023) | |
| 2023 | Reached 770 employees (September 2023) | |
| 2023 | Reached 770 employees (September 2023) | |
| 2023 | Reached 635 employees (July 2023) | |
| 2023 | Reached 631 employees (January 2023) | |
| 2022 | Reached 550 employees (November 2022) | |
| 2022 | Reached 550 employees (January 2022) | |
| 2021 | Reached 344 employees (November 2021) | |
| 2021 | Reached 344 employees (August 2021) | |
| 2021 | Reached 291 employees (July 2021) | |
| 2021 | Reached 238 employees (February 2021) | |
| 2020 | Reached 295 employees (November 2020) |
Frequently Asked Questions about Employment Hero
What is Employment Hero's revenue?
Employment Hero generates an estimated $152.8M in annual revenue.
Who founded Employment Hero?
Employment Hero was founded by Ben Thompson.
Who is the CEO of Employment Hero?
The CEO of Employment Hero is Ben Thompson.
How much funding does Employment Hero have?
Employment Hero raised $164.1M across 7 rounds.
How many employees does Employment Hero have?
Employment Hero has 1.7K employees.
Where is Employment Hero headquarters?
Employment Hero is headquartered in Sydney, New South Wales, Australia.
Compare Employment Hero to the industry
Employment Hero operates across multiple industries. Browse revenue, funding, and growth data for Employment Hero in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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