Funding round
SmartHR Series C
SmartHR, which works in cloud-based HR management software development in Tokyo, raised $56M in a Series C round announced on 1 Jan 2019. 6 firms took part. It is SmartHR's fourth venture round on record; the one before was a Series B in Jan 2018.
$56M
Amount raised
6,150,000,000 JPY converted
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
SmartHR did not disclose a valuation in this round. It came 12 months after SmartHR's Series B. It is 12% of the $461M SmartHR has raised in the venture rounds on record. SmartHR raised again 24 months later: a Series D round of $151M in Jan 2021.
SmartHR's funding rounds
SmartHR has 7 venture rounds on record. This one is highlighted.
Investors
Who put money in
6 firms took part; no lead investor was named.
Investors
- All Star SaaS Fund new investor
- backs 100 venture-backed companies new investor
- backs 29 venture-backed companies new investor
- Light Street Capital new investor
- new investor
- backs 46 venture-backed companies new investor
Comparable rounds
How it compares
239 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.6 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Jan 2019 | $245M | $4.00B | Institutional Venture Partners |
| Contentsquare Tech Companies | 28 Jan 2019 | $60M | not disclosed | Eurazeo |
| RigUp Tech Companies | 29 Jan 2019 | $60M | not disclosed | Founders Fund |
| Tech Companies | 17 Jan 2019 | $50M | not disclosed | Sapphire Ventures |
| Tech Companies | 29 Jan 2019 | $40M | not disclosed | Georgian |
| Tech Companies | 24 Jan 2019 | $35M | not disclosed | Battery Ventures |
| Tech Companies | 31 Jan 2019 | $25M | not disclosed | Insight Partners |
| Tech Companies | 16 Jan 2019 | $25M | not disclosed | Next47 |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did SmartHR raise in its Series C round?
SmartHR raised $56M in its Series C round, announced in Jan 2019.
Which investors took part in SmartHR's Series C round?
All Star SaaS Fund, BEENEXT, Coral Capital, Light Street Capital, Signifiant and World Innovation Lab.
What was SmartHR's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
239 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.6 times the median.
Did SmartHR raise again after this round?
Yes: a Series D round in Jan 2021 of $151M.