Jet HR funding news – Milan-based Jet HR Secures €12 Million in Seed Funding

In response to businesses' annoyance with red tape, Jet HR provides a digital platform in conjunction with knowledgeable, certified Payroll Advisors. Jet HR not only streamlines hiring, payroll, and associated processes, but it also makes it possible to quickly handle related administrative duties.

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Numerous happy clients have expressed gratitude for the instant clarity on payroll expenses, the simplicity of creating legally binding contracts and recruiting staff, the removal of paper from contracts and expenditure reports, and the financial savings resulting from the automatic application of tax benefits.

Almost 300 businesses have signed up as clients in just 12 months of business, including established SMEs, start-ups, global corporations, and even publicly traded firms like HelloFresh and Octopus Energy.

Marco Ogliengo, Ceo of Jet HR, commented: "It is clear that we are on the right track: not only hundreds of satisfied clients and illustrious Italian investors, but we now have the trust of an international fund like Picus Capital. Picus knows our industry well, having invested in several payroll and HR companies that have since become 'unicorns. They see potential in us, and we are happy to work together and learn from them. It is crucial for the future of our country to have a strong economy. Our contribution, supported by our investors, will be to free businesses from unnecessary bureaucracy so they can accelerate."

The investment was led by Picus Capital and included 2100 Ventures, Italian Founders Fund, and Exor Ventures. Diego Piacentini, the government Commissioner for Italy's Digital Agenda after holding leadership positions at Apple and Amazon, David Clarke, the former CTO of Workday, the largest HR company in the world, Tony Jamous, the founder of Oyster HR, a unicorn in the global payroll space, and Felix Blossier, the founder of the French accounting unicorn Pennylane, were also present.

Robin Godenrath, Founding Partner and Managing Director of Picus Capital, shared: "We're thrilled to back Marco, Francesco, and the entire JetHR team on their quest to revolutionise the Italian payroll landscape. Italy's complex payroll regulations, established consultant networks, and antique way of customer interaction provide the ideal basis for JetHR's innovative and digital approach. We are in particular impressed by the speed of product iteration and the exceptional commercial traction demonstrated by the team early on. Given the current reliance on service-heavy solutions, we see exceptional potential for AI-powered automation to transform the Italian €4 billion payroll market. We are excited to continue supporting JetHR as they pioneer the future of AI-driven payroll solutions."

The 70-person team will expand thanks to the fundraising, with the majority of the growth going toward R&D. One of the next features will be contractor management, which will enable businesses to pay contractors on the same timeline as workers and to have a comprehensive view of their whole workforce and associated expenses.

About Jet HR

Payroll, benefits, devices, compliance, and much more are all made remarkably simple by Jet HR. They redesigned the HR department, getting rid of unnecessary features and streamlining employee actions.