2024 Revenue
$6M
Funding
$0
YOY
53.3%
Team
49
Founded
2018
How palm.hr CEO Richard Schrems grew to $6M revenue with a 49 person team in 2024.
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
palm.hr Revenue
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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | palm.hr Hit $6m revenue in October 2024 | |
| 2023 | palm.hr Hit $3.9m revenue in October 2023 | |
| 2021 | palm.hr Hit $2.5m revenue in April 2021 | |
| 2018 | Launched with $0 revenue |
palm.hr Valuation, Funding Rounds
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 | Quote |
|---|
Founder / CEO
Richard Schrems
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for palm.hr yet.
palm.hr Employees & Team Size
palm.hr employs approximately 49 people as of 2026, down from 62 in 2023.
| Year | Milestone |
|---|---|
| 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) |
Frequently Asked Questions about palm.hr
What is palm.hr's revenue?
palm.hr generates an estimated $6M in annual revenue.
Who founded palm.hr?
palm.hr was founded by Richard Schrems.
Who is the CEO of palm.hr?
The CEO of palm.hr is Richard Schrems.
How much funding does palm.hr have?
palm.hr is bootstrapped and has not raised outside funding.
How many employees does palm.hr have?
palm.hr has 49 employees.
Where is palm.hr headquarters?
palm.hr is headquartered in Dubai, Saudi Arabia.
Compare palm.hr to the industry
palm.hr operates across multiple industries. Browse revenue, funding, and growth data for palm.hr 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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