Funding round
SmartHR Series B
SmartHR, which works in cloud-based HR management software development in Tokyo, raised $13M in a Series B round announced on 22 Jan 2018, led by 500 Global. 6 firms took part. It is SmartHR's third venture round on record; the one before was a Series A in Jan 2016.
$13M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
SmartHR did not disclose a valuation in this round. It came 24 months after SmartHR's Series A. It is 2.9% of the $461M SmartHR has raised in the venture rounds on record. SmartHR raised again 12 months later: a Series C round of $56M in Jan 2019.
SmartHR's funding rounds
SmartHR has 7 venture rounds on record. This one is highlighted.
Investors
Who put money in
500 Global led the round with 5 other firms.
Lead investor
- 500 Global backs 327 venture-backed companies new investor
Also in the round
- Tokio Marine new investor
- Nikko new investor
- backs 18 venture-backed companies new investor
- Nissen new investor
- backs 29 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
432 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $17M, and this round was 78% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hive Box Tech Companies | 1 Jan 2018 | $323M | not disclosed | not named |
| Tech Companies | 18 Jan 2018 | $75M | not disclosed | Molten Ventures |
| Tech Companies | 24 Jan 2018 | $66M | not disclosed | Sequoia Capital |
| Tech Companies | 12 Jan 2018 | $43M | not disclosed | Susquehanna Growth Equity |
| Contentsquare Tech Companies | 29 Jan 2018 | $42M | not disclosed | Canaan and Highland Europe |
| Tech Companies | 1 Jan 2018 | $37M | not disclosed | Battery Ventures |
| Tech Companies | 29 Jan 2018 | $28M | not disclosed | Insight Partners |
| Tech Companies | 29 Jan 2018 | $25M | not disclosed | GV |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did SmartHR raise in its Series B round?
SmartHR raised $13M in its Series B round, announced in Jan 2018.
Who led SmartHR's Series B round?
500 Global led it, with Tokio Marine, Nikko, CVC, Nissen and Coral Capital.
What was SmartHR's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
432 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $17M, and this round was 78% of the median.
Did SmartHR raise again after this round?
Yes: a Series C round in Jan 2019 of $56M.