Connect with us

Hi, what are you looking for?

Editor’s Pick

HRLocker Raises £1.8M in funding round to accelerate growth and expand into new markets

HRLocker has announced it has closed its first £1.8M (€2m) funding round.

The round was led by Hugh O’Donnell’s investment firm, MACX3 Investments Limited, alongside a number of other successful entrepreneurs, family offices and private investors EIIS investors.

HRLocker has ambitious plans for the funds raised. They want to break ground in new international markets, expand their product offering, while continuing to grow their core customer base in Ireland and the UK.

HRLocker’s digital HRIS platform is designed for SMEs with 25 – 500 employees. It manages the entire employee lifecycle and prides itself on being the only HR software solution employers need, with GDPR-compliant features such as employee database, time management, performance management and HR and Payroll reporting. Demand for HR software solutions that automate processes, improve employee experience and meet the needs of remote and flexible working, has risen sharply since the Covid-19 Pandemic. HRLocker delivers a fully evolved employee lifecycle solution that meets and exceeds these demands.

Since HRLocker adapted its market offering to be a pure SaaS B2B product, the company has grown rapidly delivering 139% revenue growth in the 12 months prior to the funding round. Up to this funding round, the business was bootstrapped. Adam Coleman (Founder/CEO) and his team had focused on ensuring strong product market fit, developing a scalable and repeatable sales cycle, while ensuring highly attractive commercial unit economics for the business. Now with c.45,000 daily users and over 700 customers, HRLocker is scaling rapidly and efficiently.

HRLocker is a remote first company. Based in Lahinch, Co Clare, most of its 47 employees are fully distributed across the globe. HRLocker has a unique value based culture that prides itself on being highly flexible and growth orientated.

Adam Coleman, CEO at HRLocker, comments, “Employees are an organisation’s most valuable asset. At HRLocker we’re hugely passionate about making the workplace work better for businesses and their people. We’re constantly improving the platform to ensure it meets the requirements of our customers, whether that’s visualising data for reports or enabling more seamless flexible working. With this investment, we will continue to innovate HR solutions and bring the power of HRLocker to more businesses and to a wider international market.”

Hugh O’Donnell, “When it comes to digital transformation, HR is playing catch up with other business functions, such as finance and marketing. Since the massive shift to remote working in 2020, demand for effective, user-friendly employee management software solutions has exploded. As the first HR information system for growing companies, I firmly believe HRLocker has the team and the technology to be a global leader in this space.”

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

TAIPEI/PRAGUE — Taiwan President Tsai Ing-wen held a telephone call with Czech President-elect Petr Pavel on Monday, a highly unusual move given the lack...

News

MANILA — The head of the Philippine nickel mining industry warned on Tuesday that the government’s plan to impose an up to 10% tax...

News

REUTERS/JOHANNES P. CHRISTO/FILE PHOTO SINGAPORE/WASHINGTON – The International Monetary Fund on Tuesday raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand...

News

MVGS founding partners Attys. Eduardo A. Martinez, Manuel Z. Gonzalez and Mark O. Vergara By Angela Kiara S. Brillantes Despite the past years under...

News

Customers of Smart Communications, Inc. (Smart) and value brand TNT may go to SM Supermalls across the country to register their SIMs and comply...

News

Photo from pco.gov.ph Food is a basic human necessity, and everyone needs food to live. However, providing enough food security and, moreover, nutrition security...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.