Valuation · 2021
$1.6B
2024 Revenue
$53.6M(Est.)
Customers
10K
Funding
$194M
Avg ACV
$5.4K
Team · 2025
458
Founded
2013
SmartHR Revenue, Valuation & Funding (2024)
SmartHR generated an estimated $53.6M in annual revenue in 2024. Source: GetLatka estimate
Developer of a cloud human resources software designed to automate social insurance and employment insurance procedures. The company's platform that enables users to fill out an online form and then generate digital versions of pension, employment insurance, and other HR-related documents which can be submitted to appropriate offices at the click of a button, enabling businesses to manage and streamline their HR processes.
Last updated
SmartHR Revenue
In 2024, SmartHR's revenue reached $53.6M. The company previously reported $46.4M in 2023. Since its launch in 2013, SmartHR has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | SmartHR Hit $53.6m revenue in October 2024 | Estimated |
| 2023 | SmartHR Hit $46.4m revenue in November 2023 | Estimated |
| 2022 | SmartHR Hit $39m revenue in November 2022 | Not recorded |
| 2021 | SmartHR Hit $29.5m revenue in June 2021 | Not recorded |
| 2020 | SmartHR Hit $21m revenue in June 2020 | Not recorded |
| 2013 | Launched with $0 revenue |
SmartHR Valuation, Funding Rounds
SmartHR reached a $1.6B valuation in 2021, set during its Series D round.
SmartHR has raised $194M in total funding across 5 rounds, most recently a $115M Series D round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series D | $115M | $1.6B | 7% | Not recorded |
| 2020 | Debt Financing | $4.5M | - | - | Not recorded |
| 2019 | Series C | $56.5M | - | - | Not recorded |
| 2018 | Series B | $13.5M | - | - | Not recorded |
| 2016 | Series A | $4.5M | - | - | Not recorded |
Founder / CEO
Shoji Miyata
CEO
Four years ago the founder and CEO Shoji Miyata was wheelchair bound with a rare disease. Thanks to national health insurance he was able to make a full recovery, but he realized that filing the appropriate paperwork is a nightmare. Therefore, he aimed to solve his own problem by starting SmartHR.
Customers
SmartHR serves 10K customers.
SmartHR Employees & Team Size
SmartHR employs approximately 458 people as of 2026, up from 405 in 2024, including 54 sales reps that carry a quota. It serves 10K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 458 employees (November 2025) | Not recorded |
| 2024 | Reached 405 employees (December 2024) | Not recorded |
| 2024 | Reached 267 employees (October 2024) | Not recorded |
| 2023 | Reached 267 employees (November 2023) | Not recorded |
| 2023 | Reached 267 employees (September 2023) | Not recorded |
| 2023 | Reached 245 employees (January 2023) | Not recorded |
| 2022 | Reached 226 employees (November 2022) | Not recorded |
| 2022 | Reached 226 employees (January 2022) | Not recorded |
| 2021 | Reached 171 employees (November 2021) | Not recorded |
| 2021 | Reached 171 employees (August 2021) | Not recorded |
| 2021 | Reached 114 employees (June 2021) | Not recorded |
| 2020 | Reached 150 employees (November 2020) | Not recorded |
Frequently Asked Questions about SmartHR
What is SmartHR's revenue?
As of 2024, SmartHR generated an estimated $53.6M in annual revenue.
What is SmartHR's valuation?
As of 2021, SmartHR was valued at $1.6B.
Who founded SmartHR?
SmartHR was founded by Shoji Miyata.
When was SmartHR founded?
SmartHR was founded in 2013.
Who is the CEO of SmartHR?
The CEO of SmartHR is Shoji Miyata.
How much funding does SmartHR have?
SmartHR raised $194M across 5 rounds.
How many employees does SmartHR have?
As of 2025, SmartHR had 458 employees.
Where is SmartHR headquartered?
SmartHR is headquartered in Tokyo, Japan.
Compare SmartHR to the industry
SmartHR operates across multiple industries. Browse revenue, funding, and growth data for SmartHR 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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