Employment Hero
Valuation
$1.4B
2024 Revenue
$152.8M
Customers
800K
Funding
$164.1M
YOY
24.3%
Avg ACV
$191
Team
1.7K
Founded
2014
How Employment Hero CEO Ben Thompson grew Employment Hero to $152.8M revenue and 800K customers in 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 |
|---|---|
| 2024 | Employment Hero Hit $152.8m revenue in October 2024 |
| 2023 | Employment Hero Hit $122.9m revenue in November 2023 |
| 2022 | Employment Hero Hit $84.2m revenue in November 2022 |
| 2021 | Employment Hero Hit $52.7m revenue in November 2021 |
| 2021 | Employment Hero Hit $52.7m revenue in July 2021 |
| 2021 | Employment Hero Hit $19.5m revenue in February 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 |
|---|---|---|---|---|
| 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 | - | - |
Employment Hero Employees & Team Size
Employment Hero employs approximately 1.7K people as of 2026, up from 1.3K in 2024.
Employment Hero has 1.7K total employees in different roles and functions and 144 sales reps that carry a quota. They have 800K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Employment Hero acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Employment Hero
What is Employment Hero's revenue?
Employment Hero generates $152.8M in 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.
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.
People Also Viewed
UltraGreen
UltraGreen.ai is a pioneer in healthcare intelligence committed to improving surgical results globally.
KKBOX
Provider of cloud based music on-demand services. The company offers multi-device digital music streaming and subscription services. It is also engaged in investing and developing digital music applications and products.
Outsourced
Outsourced is a premier, ISO-certified global staff outsourcing company, providing top 1% remote talent across the Philippines, India, Colombia, Malaysia, Vietnam, and Argentina. We specialize in custom-built, full-time offshore teams, ensuring seamless integration, high performance, and long-term success for businesses worldwide. Why Businesses Choose Outsourced: ✔ 12+ years of industry experience in premium offshore staffing ✔ 350+ global clients across diverse industries ✔ 1,300+ dedicated employees working exclusively for clients ✔ 110+ support staff ensuring smooth operations and ongoing success Our AI-enhanced recruitment process sources highly skilled, culture-fit professionals, tapping into passive candidates to deliver the best talent in the market. We provide fully equipped staff, working from state-of-the-art offices, ensuring world-class support, premium infrastructure, and business continuity. Scale faster, operate more efficiently, and save up to 75% on hiring costs compared to local recruitment. Partner with Outsourced today and build your dedicated offshore team—custom-tailored to your needs and ready to help your business thrive. Let’s grow your team today. Contact Outsourced to get started.
iCapital
Powering the world's alternative investment marketplace, offering a suite of tools, end-to-end enterprise solutions and an innovative operating system
Coker Group
Coker Group is a healthcare consulting firm that provides strategic, operational, financial, technological, and compliance solutions to physician enterprises and health systems.
Quantinuum
Quantinuum is the world's largest integrated quantum company, leading the development of the most powerful quantum computers and the most advanced quantum applications across various fields including chemistry, cybersecurity, and finance.
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.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .