Funding round
SmartHR Series E
SmartHR, which works in cloud-based HR management software development in Tokyo, raised $140M in a Series E round announced on 1 Jul 2024, led by KKR and Ontario Teachers’ Pension Plan. 5 firms took part. It is SmartHR's sixth venture round on record; the one before was a Series D in Jan 2021.
$140M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
SmartHR did not disclose a valuation in this round. It came 42 months after SmartHR's Series D. It is 30% of the $461M SmartHR has raised in the venture rounds on record. SmartHR raised again 16 months later: a Growth round of $96M in Nov 2025.
SmartHR's funding rounds
SmartHR has 7 venture rounds on record. This one is highlighted.
Investors
Who put money in
KKR and Ontario Teachers’ Pension Plan led the round with 3 other firms.
Lead investors
- KKR backs 104 venture-backed companies new investor
- Ontario Teachers’ Pension Plan backs 35 venture-backed companies new investor
Also in the round
- Light Street Capital new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Whale Rock new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
35 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $140M, and this round was close to the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cribl Tech Companies | 27 Aug 2024 | $319M | $3.50B | GV |
| Tech Companies | 29 Aug 2024 | $3.5M | not disclosed | not named |
| Glean Tech Companies | 10 Sep 2024 | $260M | $4.60B | Altimeter and DST Global |
| Tech Companies | 15 May 2024 | $140M | $1.60B | Valor |
| Tech Companies | 25 Sep 2024 | $125M | $900M | Warburg Pincus |
| Tech Companies | 30 Apr 2024 | $150M | $900M | Accel |
| Tech Companies | 10 Apr 2024 | $100M | $1.60B | ICONIQ Growth |
| Insider One Tech Companies | 1 Nov 2024 | $500M | not disclosed | General Atlantic |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did SmartHR raise in its Series E round?
SmartHR raised $140M in its Series E round, announced in Jul 2024.
Who led SmartHR's Series E round?
KKR and Ontario Teachers’ Pension Plan led it, with Light Street Capital, Sequoia Capital and Whale Rock.
What was SmartHR's valuation at the Series E round?
It was not disclosed.
How does it compare with other Series E rounds in Tech Companies?
35 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $140M, and this round was close to the median.
Did SmartHR raise again after this round?
Yes: a Growth round in Nov 2025 of $96M.