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Redefining HR in Saudi Arabia - www.palmhr.net
We are determined to reinvent the way HR is perceived in companies across the Kingdom. It is time to focus on employees and their needs. HR is not about administrating staff, it is about engaging people in order to activate their full potential so that everyone supports their company and this country to march into a brighter future.
Made with ❤️ in Austria & Saudi Arabia.
Last updated
In 2024, palm.hr's revenue reached $6M. The company previously reported $3.9M in 2023. Since its launch in 2018, palm.hr has shown consistent revenue growth.
palm.hr is a bootstrapped Employee Engagement Software startup. Founded in 2018, palm.hr has grown to $6M in revenue without raising any venture capital or outside funding.
As a self-funded Employee Engagement Software SaaS company, palm.hr has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|
CEO
| PalmHR - Creating Happy Workplaces. Together with my team we setup one of the first Saudi/European Startups in Riyadh and have built the most engaging & intuitive HR Solution for Small & Medium Enterprises in the region. Working on our second product, a Saudi Talent Platform where companies and candidates connect and match with eachother.
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We do not have customer count information for palm.hr yet.
palm.hr employs approximately 49 people as of 2026, down from 62 in 2023.
palm.hr generates an estimated $6M in annual revenue.
palm.hr was founded by Richard Schrems.
The CEO of palm.hr is Richard Schrems.
palm.hr is bootstrapped and has not raised outside funding.
palm.hr has 49 employees.
palm.hr is headquartered in Dubai, Saudi Arabia.
palm.hr operates across multiple industries. Browse revenue, funding, and growth data for palm.hr in each sector below.
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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2024 Revenue
$6M(Est.)
Funding
$0
Team
49
Founded
2018
| Year | Milestone | Source |
|---|---|---|
| 2024 | palm.hr Hit $6m revenue in October 2024 | Estimated |
| 2023 | palm.hr Hit $3.9m revenue in October 2023 | Estimated |
| 2021 | palm.hr Hit $2.5m revenue in April 2021 | |
| 2018 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 49 employees (December 2024) | |
| 2024 | Reached 62 employees (October 2024) | |
| 2023 | Reached 62 employees (October 2023) | |
| 2022 | Reached 67 employees (October 2022) | |
| 2021 | Reached 48 employees (December 2021) | |
| 2021 | Reached 30 employees (April 2021) |
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