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Valuation

$1.6B

2024 Revenue

$53.6M

Customers

10K

Funding

$194M

YOY

15.6%

Avg ACV

$5.4K

Team

458

Founded

2013

How SmartHR CEO Shoji Miyata grew SmartHR to $53.6M revenue and 10K customers in 2024.

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.

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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.

SmartHR Revenue GrowthReported revenue / ARR by year$0$13M$25M$38M$50M$63M2013201520172019202120232024$0$21M$30M$39M$46M$54MSource: GetLatka.com
YearMilestoneQuote
2024SmartHR Hit $53.6m revenue in October 2024
2023SmartHR Hit $46.4m revenue in November 2023
2022SmartHR Hit $39m revenue in November 2022
2021SmartHR Hit $29.5m revenue in November 2021
2021SmartHR Hit $29.5m revenue in June 2021
2020SmartHR Hit $21m revenue in June 2020
2013Launched 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.

SmartHR Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$400M$800M$1B$2B$2B2013201420152016201720182019202020212013 cumulative: $0 • 2013 Founded: $02016 cumulative: $5M • 2013 Founded: $0 • 2016 Series A: $5M2018 cumulative: $18M • 2013 Founded: $0 • 2016 Series A: $5M • 2018 Series B: $14M2019 cumulative: $75M • 2013 Founded: $0 • 2016 Series A: $5M • 2018 Series B: $14M • 2019 Series C: $57M2020 cumulative: $79M • 2013 Founded: $0 • 2016 Series A: $5M • 2018 Series B: $14M • 2019 Series C: $57M • 2020 Debt Financing: $5M2021 cumulative: $194M • 2013 Founded: $0 • 2016 Series A: $5M • 2018 Series B: $14M • 2019 Series C: $57M • 2020 Debt Financing: $5M • 2021 Series D: $115M @ $2B valuation$194M2013 Founded: $0 valuation2021 Series D: $2B valuation$2BSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2021Series D$115M$1.6B7%
2020Debt Financing$4.5M--
2019Series C$56.5M--
2018Series B$13.5M--
2016Series A$4.5M--

SmartHR Employees & Team Size

SmartHR employs approximately 458 people as of 2026, up from 405 in 2024.

SmartHR has 458 total employees in different roles and functions and 54 sales reps that carry a quota. They have 10K customers that rely on the company's solutions.

SmartHR Team GrowthReported headcount over time0100200300400500201320152017201920212023202500458458Source: GetLatka.com
YearMilestone
2025Reached 458 employees (November 2025)
2024Reached 405 employees (December 2024)
2024Reached 267 employees (October 2024)
2023Reached 267 employees (November 2023)
2023Reached 267 employees (September 2023)
2023Reached 245 employees (January 2023)
2022Reached 226 employees (November 2022)
2022Reached 226 employees (January 2022)
2021Reached 171 employees (November 2021)
2021Reached 171 employees (August 2021)
2021Reached 114 employees (June 2021)
2020Reached 150 employees (November 2020)

Founder / CEO

Shoji Miyata

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.

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Frequently Asked Questions about SmartHR

What is SmartHR's revenue?

SmartHR generates $53.6M in revenue.

Who founded SmartHR?

SmartHR was founded by Shoji Miyata.

Who is the CEO of SmartHR?

The CEO of SmartHR is Shoji Miyata.

How much funding does SmartHR have?

SmartHR raised $194M.

How many employees does SmartHR have?

SmartHR has 458 employees.

Where is SmartHR headquarters?

SmartHR is headquartered in Tokyo, Japan.

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Compare SmartHR to the industry

SmartHR operates across multiple industries. Browse revenue, funding, and growth data for SmartHR 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 .

Data Disclaimer

All figures on this page are GetLatka estimates from public sources and proprietary models. They are not verified by the company.

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