VCMCVC Market Cap
Menu

SmartHR valuation, funding and investors

SmartHR works in cloud-based HR management software development, based in Tokyo, Japan. Founded in 2013, it has about 512 employees.

Tech Companies Growth Equity
VALUATION · TODAY
$1.04B +1% after Growth
Range $625M – $1.59B · Grade B
TODAY
+12 MO
$1.00B
$2.00B
$3.00B
$4.00B
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Pre-seed $0.33M
Series A $4.15M
Series B $13.3M
Series C $55.8M
Series D $151M
Series E $140M
Growth $96.0M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY512 employees
+6%6m growth
+13%1y growth
+60%2y growth
200
400
600
Data from Jan 2021
TODAY
Predicted in 1 yr $1.05B +1% vs today
Predicted next raise $108M if a round comes
Winding-down probability 0%
Last round
Growth · $96.0M · Nov 2025
Valuation at last round
$928M · implied
Headcount
512 · up
Grade
B
Founded
2013
How VCMC values companies →

SmartHR valuation today

VCMC values SmartHR at $1.0B today, with a range of $625M to $1.6B and a grade of B. The valuation starts from its last funding round, a growth round in Nov 2025.

Valuation by date (173 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

SmartHR: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2013$1.86M$0.68M – $5.12M$1.95M (+5%)before first round–unknownD0%
1 Feb 2013$1.87M$0.68M – $5.14M$1.96M (+5%)before first round–unknownD0%
1 Mar 2013$1.88M$0.68M – $5.16M$1.97M (+5%)before first round–unknownD0%
1 Apr 2013$1.89M$0.69M – $5.18M$1.98M (+5%)before first round–unknownD0%
1 May 2013$1.89M$0.69M – $5.20M$1.98M (+5%)before first round–unknownD0%
1 Jun 2013$1.90M$0.69M – $5.22M$1.99M (+5%)before first round–unknownD0%
1 Jul 2013$1.91M$0.69M – $5.24M$2.00M (+5%)before first round–unknownD0%
1 Aug 2013$1.92M$0.70M – $5.26M$2.01M (+5%)before first round–unknownD0%
1 Sep 2013$1.92M$0.70M – $5.28M$2.02M (+5%)before first round–unknownD0%
1 Oct 2013$1.93M$0.70M – $5.30M$2.02M (+5%)before first round–unknownD0%
1 Nov 2013$1.94M$0.71M – $5.33M$2.03M (+5%)before first round–unknownD0%
1 Dec 2013$1.95M$0.71M – $5.35M$2.04M (+5%)before first round–unknownD0%
1 Jan 2014$1.95M$0.71M – $5.37M$2.05M (+5%)before first round–unknownD0%
1 Feb 2014$1.96M$0.71M – $5.39M$2.06M (+5%)before first round–unknownD0%
1 Mar 2014$1.97M$0.72M – $5.41M$2.06M (+5%)before first round–unknownD0%
1 Apr 2014$1.98M$0.72M – $5.43M$2.07M (+5%)before first round–unknownD0%
1 May 2014$1.98M$0.72M – $5.45M$2.08M (+5%)before first round–unknownD0%
1 Jun 2014$1.99M$0.73M – $5.47M$2.09M (+5%)before first round–unknownD0%
1 Jul 2014$2.00M$0.73M – $5.49M$2.10M (+5%)before first round–unknownD0%
1 Aug 2014$2.01M$0.73M – $5.52M$2.10M (+5%)before first round–unknownD0%
1 Sep 2014$2.02M$0.73M – $5.54M$2.11M (+5%)before first round–unknownD0%
1 Oct 2014$2.02M$0.74M – $5.56M$2.12M (+5%)before first round–unknownD0%
1 Nov 2014$2.03M$0.74M – $5.58M$2.13M (+5%)before first round–unknownD0%
1 Dec 2014$2.04M$0.74M – $5.60M$2.14M (+5%)before first round–unknownD0%
1 Jan 2015$2.05M$0.75M – $5.63M$2.15M (+5%)before first round–unknownD0%
1 Feb 2015$2.06M$0.75M – $5.65M$2.15M (+5%)before first round–unknownD0%
1 Mar 2015$2.06M$0.75M – $5.67M$2.16M (+5%)before first round–unknownD0%
1 Apr 2015$2.07M$0.75M – $5.69M$2.17M (+5%)before first round–unknownD0%
1 May 2015$2.08M$0.76M – $5.71M$2.18M (+5%)before first round–unknownD0%
1 Jun 2015$2.09M$0.76M – $5.74M$2.19M (+5%)before first round–unknownD0%
1 Jul 2015$2.10M$0.76M – $5.76M$2.20M (+5%)before first round–unknownD0%
1 Aug 2015$2.10M$0.77M – $5.78M$2.25M (+7%)before first round–unknownD0%
1 Sep 2015$2.11M$0.77M – $5.80M$2.31M (+10%)before first round–unknownD0%
1 Oct 2015$2.12M$0.77M – $5.83M$2.38M (+12%)before first round–unknownD0%
1 Nov 2015$2.13M$0.78M – $5.85M$2.44M (+15%)before first round–unknownD0%
1 Dec 2015$2.14M$0.78M – $5.87M$2.50M (+17%)before first round–unknownD0%
1 Jan 2016$6.78M$4.78M – $17.3M$12.2M (+80%)after a round–unknownC0%
2 Jan 2016$6.80M$4.78M – $17.3M$12.2M (+80%)after a round–unknownC0%
1 Feb 2016$7.13M$4.78M – $17.3M$12.2M (+71%)after a round–unknownC0%
1 Mar 2016$7.47M$4.78M – $17.3M$12.2M (+63%)after a round–unknownC0%
1 Apr 2016$7.85M$4.78M – $17.3M$12.2M (+55%)after a round–unknownC0%
1 May 2016$8.24M$4.78M – $17.3M$12.2M (+48%)after a round–unknownC0%
1 Jun 2016$8.66M$4.78M – $17.3M$12.2M (+41%)after a round–unknownC0%
1 Jul 2016$9.09M$4.78M – $17.3M$12.2M (+34%)after a round–unknownC0%
1 Aug 2016$9.56M$4.78M – $17.3M$12.2M (+28%)after a round–unknownC0%
1 Sep 2016$10.0M$4.78M – $17.3M$12.2M (+22%)after a round–unknownC0%
1 Oct 2016$10.5M$4.78M – $17.3M$12.2M (+16%)after a round–unknownC0%
1 Nov 2016$11.1M$4.78M – $17.3M$12.2M (+10%)after a round–unknownC0%
1 Dec 2016$11.6M$4.78M – $17.3M$12.2M (+5%)after a round–unknownC0%
1 Jan 2017$12.2M$4.77M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Feb 2017$12.2M$4.54M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Mar 2017$12.2M$4.33M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Apr 2017$12.2M$4.12M – $17.3M$12.2M (0%)after a round–unknownC0%
1 May 2017$12.2M$3.92M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Jun 2017$12.2M$3.73M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Jul 2017$12.2M$3.55M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Aug 2017$12.2M$3.37M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Sep 2017$12.2M$3.20M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Oct 2017$12.2M$3.05M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Nov 2017$12.2M$2.90M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Dec 2017$12.2M$2.76M – $17.3M$12.2M (0%)after a round–unknownC0%
1 Jan 2018$12.2M$2.62M – $17.3M$12.2M (0%)after a round–unknownC0%
23 Jan 2018$61.3M$43.1M – $130M$91.8M (+50%)after a round–unknownB0%
1 Feb 2018$61.9M$43.1M – $130M$91.8M (+48%)after a round–unknownB0%
1 Mar 2018$63.8M$43.1M – $130M$91.8M (+44%)after a round–unknownB0%
1 Apr 2018$66.1M$43.1M – $130M$91.8M (+39%)after a round–unknownB0%
1 May 2018$68.3M$43.1M – $130M$91.8M (+34%)after a round–unknownB0%
1 Jun 2018$70.7M$43.1M – $130M$91.8M (+30%)after a round–unknownB0%
1 Jul 2018$73.1M$43.1M – $130M$91.8M (+26%)after a round–unknownB0%
1 Aug 2018$75.7M$43.1M – $130M$91.8M (+21%)after a round–unknownB0%
1 Sep 2018$78.3M$43.1M – $130M$91.8M (+17%)after a round–unknownB0%
1 Oct 2018$81.0M$43.1M – $130M$91.8M (+13%)after a round–unknownB0%
1 Nov 2018$83.8M$43.1M – $130M$91.8M (+10%)after a round–unknownB0%
1 Dec 2018$86.6M$43.1M – $130M$91.8M (+6%)after a round–unknownB0%
1 Jan 2019$257M$181M – $475M$335M (+30%)after a round–unknownB0%
2 Jan 2019$258M$181M – $475M$335M (+30%)after a round–unknownB0%
1 Feb 2019$263M$181M – $475M$335M (+27%)after a round–unknownB0%
1 Mar 2019$269M$181M – $475M$335M (+25%)after a round–unknownB0%
1 Apr 2019$275M$181M – $475M$335M (+22%)after a round–unknownB0%
1 May 2019$281M$181M – $475M$335M (+19%)after a round–unknownB0%
1 Jun 2019$287M$181M – $475M$335M (+17%)after a round–unknownB0%
1 Jul 2019$293M$181M – $475M$335M (+14%)after a round–unknownB0%
1 Aug 2019$300M$181M – $475M$335M (+12%)after a round–unknownB0%
1 Sep 2019$307M$181M – $475M$335M (+9%)after a round–unknownB0%
1 Oct 2019$313M$181M – $475M$335M (+7%)after a round–unknownB0%
1 Nov 2019$320M$181M – $475M$335M (+4%)after a round–unknownB0%
1 Dec 2019$327M$181M – $475M$335M (+2%)after a round–unknownB0%
1 Jan 2020$335M$181M – $475M$335M (0%)after a round–unknownB0%
1 Feb 2020$335M$173M – $475M$335M (0%)after a round–unknownB0%
1 Mar 2020$335M$166M – $475M$335M (0%)after a round–unknownB0%
1 Apr 2020$335M$158M – $475M$335M (0%)after a round–unknownB0%
1 May 2020$335M$151M – $475M$335M (0%)after a round–unknownB0%
1 Jun 2020$335M$145M – $475M$335M (0%)after a round–unknownB0%
1 Jul 2020$335M$138M – $475M$335M (0%)after a round–unknownC0%
1 Aug 2020$335M$132M – $475M$335M (0%)after a round–unknownC0%
1 Sep 2020$335M$126M – $475M$335M (0%)after a round–unknownC0%
1 Oct 2020$335M$120M – $475M$335M (0%)after a round–unknownC0%
1 Nov 2020$335M$115M – $475M$335M (0%)after a round–unknownC0%
1 Dec 2020$335M$110M – $475M$335M (0%)after a round–unknownC0%
1 Jan 2021$1.3B$888M – $2.3B$1.6B (+30%)after a round49unknownB0%
2 Jan 2021$1.3B$888M – $2.3B$1.6B (+30%)after a round49unknownB0%
1 Feb 2021$1.3B$888M – $2.3B$1.6B (+27%)after a round49unknownB0%
1 Mar 2021$1.3B$888M – $2.3B$1.6B (+25%)after a round49unknownB0%
1 Apr 2021$1.3B$888M – $2.3B$1.6B (+22%)after a round49flatB0%
1 May 2021$1.4B$888M – $2.3B$1.6B (+19%)after a round49flatB0%
1 Jun 2021$1.4B$888M – $2.3B$1.6B (+17%)after a round49flatB0%
1 Jul 2021$1.4B$888M – $2.3B$1.6B (+14%)after a round49flatB0%
1 Aug 2021$1.5B$888M – $2.3B$1.6B (+12%)after a round49flatB0%
1 Sep 2021$1.5B$888M – $2.3B$1.6B (+9%)after a round49flatB0%
1 Oct 2021$1.5B$888M – $2.3B$1.6B (+7%)after a round49flatB0%
1 Nov 2021$1.6B$888M – $2.3B$1.6B (+4%)after a round49flatB0%
1 Dec 2021$1.6B$888M – $2.3B$1.6B (+2%)after a round49flatB0%
1 Jan 2022$1.6B$888M – $2.3B$1.6B (0%)after a round49flatB0%
1 Feb 2022$1.6B$848M – $2.3B$1.6B (0%)after a round49flatB0%
1 Mar 2022$2.2B$1.2B – $3.1B$2.2B (0%)after a round180growingB0%
1 Apr 2022$2.2B$1.2B – $3.1B$2.2B (0%)after a round180growingB0%
1 May 2022$2.2B$1.2B – $3.1B$2.2B (0%)after a round180growingB0%
1 Jun 2022$2.2B$1.2B – $3.1B$2.2B (0%)after a round180growingB0%
1 Jul 2022$2.2B$1.2B – $3.1B$2.2B (0%)after a round180growingB0%
1 Aug 2022$2.2B$1.2B – $3.1B$2.2B (0%)after a round180growingB0%
1 Sep 2022$2.2B$1.2B – $3.1B$2.2B (0%)after a round180growingB0%
1 Oct 2022$2.2B$1.2B – $3.1B$2.2B (0%)after a round180growingB0%
1 Nov 2022$2.2B$751M – $3.1B$2.2B (0%)after a round180unknownC0%
1 Dec 2022$2.2B$718M – $3.1B$2.2B (0%)after a round180unknownC0%
1 Jan 2023$2.2B$685M – $3.1B$2.2B (0%)after a round180unknownC0%
1 Feb 2023$2.2B$617M – $3.1B$2.2B (0%)after a round180unknownC0%
1 Mar 2023$2.2B$590M – $3.1B$2.2B (0%)after a round180unknownC0%
1 Apr 2023$2.2B$560M – $3.1B$2.2B (0%)after a round180unknownC0%
1 May 2023$2.3B$936M – $3.3B$2.3B (0%)after a round240upC0%
1 Jun 2023$2.3B$918M – $3.3B$2.3B (0%)after a round240upC0%
1 Jul 2023$2.3B$902M – $3.3B$2.3B (0%)after a round240upC0%
1 Aug 2023$2.3B$885M – $3.3B$2.3B (0%)after a round240upC0%
1 Sep 2023$2.3B$868M – $3.3B$2.3B (0%)after a round240upC0%
1 Oct 2023$2.4B$882M – $3.4B$2.3B (-4%)after a round280upC0%
1 Nov 2023$2.4B$865M – $3.4B$2.3B (-4%)after a round280upC0%
1 Dec 2023$2.4B$849M – $3.4B$2.3B (-4%)after a round280upC0%
1 Jan 2024$2.4B$833M – $3.4B$2.3B (-5%)after a round280upC0%
1 Feb 2024$2.4B$641M – $3.4B$2.3B (-5%)after a round280upC0%
1 Mar 2024$2.5B$640M – $3.5B$2.5B (0%)after a round320upC0%
1 Apr 2024$2.5B$619M – $3.5B$2.5B (0%)after a round320upC0%
1 May 2024$2.5B$600M – $3.5B$2.5B (0%)after a round320upC0%
1 Jun 2024$2.5B$581M – $3.5B$2.5B (0%)after a round320upC0%
1 Jul 2024$1.5B$1.0B – $3.0B$2.0B (+30%)after a round320upB0%
2 Jul 2024$1.5B$1.0B – $3.0B$2.0B (+30%)after a round320upB0%
1 Aug 2024$1.6B$1.0B – $3.0B$2.0B (+27%)after a round320upB0%
1 Sep 2024$1.6B$1.0B – $3.0B$2.0B (+24%)after a round320upB0%
1 Oct 2024$1.6B$1.0B – $3.0B$2.0B (+22%)after a round320upB0%
1 Nov 2024$1.7B$1.0B – $3.0B$2.0B (+19%)after a round320upB0%
1 Dec 2024$1.7B$1.0B – $3.0B$2.0B (+16%)after a round320upB0%
1 Jan 2025$1.7B$1.0B – $3.0B$2.0B (+14%)after a round320upB0%
1 Feb 2025$1.8B$1.0B – $3.0B$2.0B (+11%)after a round320upB0%
1 Mar 2025$1.8B$1.0B – $3.0B$2.0B (+9%)after a round320upB0%
1 Apr 2025$1.9B$1.0B – $3.0B$2.0B (+7%)after a round320upB0%
1 May 2025$1.9B$1.0B – $3.0B$2.0B (+4%)after a round320unknownB0%
1 Jun 2025$1.9B$1.0B – $3.0B$2.0B (+2%)after a round320unknownB0%
1 Jul 2025$2.1B$1.1B – $3.2B$2.1B (0%)after a round436growingB0%
1 Aug 2025$2.1B$1.1B – $3.3B$2.1B (0%)after a round454growingB0%
1 Sep 2025$2.1B$1.1B – $3.3B$2.1B (0%)after a round454growingB0%
1 Oct 2025$2.1B$942M – $3.3B$2.1B (0%)after a round455flatC0%
1 Nov 2025$2.1B$899M – $3.3B$2.1B (0%)after a round455flatC0%
19 Nov 2025$928M$609M – $1.6B$1.0B (+10%)after a round455flatB0%
1 Dec 2025$931M$609M – $1.6B$1.0B (+10%)after a round455flatB0%
1 Jan 2026$938M$609M – $1.6B$1.0B (+9%)after a round455flatB0%
1 Feb 2026$946M$609M – $1.6B$1.0B (+8%)after a round455flatB0%
1 Mar 2026$953M$609M – $1.6B$1.0B (+7%)after a round455flatB0%
1 Apr 2026$965M$617M – $1.6B$1.0B (+7%)after a round482upB0%
1 May 2026$975M$619M – $1.6B$1.0B (+6%)after a round487upB0%
1 Jun 2026$984M$619M – $1.6B$1.0B (+5%)after a round487upB0%
1 Jul 2026$993M$619M – $1.6B$1.0B (+4%)after a round487upB0%
1 Aug 2026$1.0B$624M – $1.6B$1.0B (+4%)after a round508upB0%
1 Sep 2026$1.0B$626M – $1.6B$1.0B (+3%)after a round515upB0%
1 Oct 2026$1.0B$625M – $1.6B$1.0B (+2%)after a round512upB0%
24 Oct 2026$1.0B$625M – $1.6B$1.0B (+1%)after a round512upB0%

Key facts about SmartHR

Founded
2013
Headquarters
Tokyo, Japan
Employees
about 512 +13% in a year
Total raised
$461M
Funding rounds
7
Last round
Growth Equity Nov 2025

SmartHR was founded in 2013 by Kensuke Naito, Masato Serizawa, Shoji Miyata and Takafumi Kurahashi.

SmartHR funding history

SmartHR has 7 funding rounds on record, from Jan 2016 to Nov 2025, $461M in total. None disclosed a valuation.

  1. Growth Equity 18 Nov 2025

    Led by General Atlantic.

    Sources: finsmes.com, generalatlantic.com, finance.yahoo.com and 1 more

    $96M

  2. Series E 1 Jul 2024

    Led by KKR, Ontario Teachers’ Pension Plan; with Light Street Capital, Sequoia Capital, Whale Rock.

    Sources: smarthr.co.jp, techcrunch.com

    $140M

  3. Series D 1 Jan 2021

    Investors not disclosed.

    Sources: smarthr.co.jp, ventureinjapan.substack.com

    $151M

  4. Series C 1 Jan 2019

    With All Star SaaS Fund, BEENEXT, Coral Capital, Light Street Capital, Signifiant, World Innovation Lab.

    Sources: smarthr.co.jp

    $56M

  5. Series B 22 Jan 2018

    Led by 500 Global; with Tokio Marine, Nikko, CVC, Nissen, Coral Capital.

    Sources: smarthr.co.jp, techcrunch.com, finsmes.com and 2 more

    $13M

  6. Series A 1 Jan 2016

    Investors not disclosed.

    Sources: smarthr.co.jp

    $4.2M

  7. Pre-Seed 1 Jan 2016

    Investors not disclosed.

    Sources: smarthr.co.jp

    $330K

SmartHR investors

16 investors have backed SmartHR; 500 Global, General Atlantic and KKR and 1 more led at least one round.

What SmartHR does

SmartHR works in tech companies, with 14 recorded offerings and customers in human resources.

SmartHR, Inc. is a Japanese software company engaged in cloud-based human resources and labor management solutions. The company develops and provides a cloud-based software platform that supports employee onboarding, payroll management, talent management, and AI-driven recruitment solutions. SmartHR also operates a third-party application store and a mobile app development team, and is certified for accessibility in accordance with JIS X 8341-3:2016 and WCAG 2.1 standards.

Description from Veridion's company data.

Products and services

  • Cloud-Based HR Management Software Development
  • Employee Onboarding Process Automation
  • Payroll Management Software Development
  • Talent Management Software Development
  • AI-Driven Recruitment Solutions Development
  • Workplace Communication Streamlining Solutions
  • Employee Information Management Solutions
  • Paperwork Digitalization and Optimization Services
  • Workforce Productivity Enhancement Solutions
  • Third-Party Application Store Development
  • Mobile HR Application Development
  • HR Data Analytics and Insights Services
  • Accessibility-Focused HR Software Development
  • Sustainable HR Technology Development

Markets

  • Human Resources

Technology

  • AI-Driven Recruitment Solutions

Certifications

  • JIS X 8341-3:2016
  • WCAG 2.1

Business model

  • Business-to-Business
  • Software-as-a-Service

Industry codes (NAICS)

  • 513210 Software Publishers 100% match

Questions about SmartHR

What is SmartHR worth?

Valuation $1.0B (range $625M to $1.6B), as of 24 Oct 2026.

Has SmartHR raised money?

SmartHR has 7 funding rounds on record, from Jan 2016 to Nov 2025, $461M in total. None disclosed a valuation.

Who has invested in SmartHR?

500 Global, General Atlantic, KKR, Ontario Teachers’ Pension Plan, Coral Capital and Light Street Capital, and 10 more. Lead investors include 500 Global, General Atlantic, KKR and Ontario Teachers’ Pension Plan.

How many people work at SmartHR?

About 512, up 13% over the last year. Headcount grew from 49 in Jan 2021 to 512 in Sep 2026.

What does SmartHR do?

SmartHR works in tech companies, with 14 recorded offerings and customers in human resources. Its main offerings are cloud-based HR management software development, employee onboarding process automation and payroll management software development.

When was SmartHR founded, and where is it based?

SmartHR was founded in 2013 and is based in Tokyo, Japan. It has about 512 employees, up 13% over the last year.