Funding

Sesame funding news – HR Software Company Sesame Secures €23Million in Funding

May 10, 2024 | By Startup Rise EU

Sesame, the Valencia-based HR management startup, has reached an important milestone secures €23 million funding, consolidating their position as a leader in the sector and one of the solutions with the largest number of clients in Spain.

SUMMARY

  • Sesame, the Valencia-based HR management startup, secures €23 million funding.
  • The capital raise will allow us to continue to invest in product development, launch new verticals, and accelerate our international expansion.

Sesame, the Valencia-based HR management startup, has reached an important milestone secures €23 million funding, consolidating their position as a leader in the sector and one of the solutions with the largest number of clients in Spain.

The capital raise will allow us to continue to invest in product development, launch new verticals, and accelerate our international expansion.

With PSG and GP Bullhound’s capital investment, they will continue investing in developing new software features and consolidate their position as one of the most highly valued platforms in the space.

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They plan to launch new finance related features, such as expense control, salary in advance and flexible remuneration, positioning Sesame as one of the most comprehensive solutions for HR management.

Albert Soriano, CEO of Sesame said, “In Spain, most companies rely on multiple solutions to handle their HR and finance tasks. There is a growing need for an all-in-one solution that streamlines access and unifies all the different tools into a single platform,".

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Albert Soriano said,“We have launched several AI functionalities that are enabling us to further improve our existing tools, such as people analytics, evaluations, recruitment or internal communication. Beyond improving the product’s functionality, we are committed to also apply AI to increase internal productivity and efficiency in our company”.

They also intend to further invest in talent. This will enable us to solidify their position in Spain, while strengthening their Latin American markets, particularly Mexico, where we have been operating since last year. Additionally, they will explore opportunities to enter other European countries.

Since their launch, they have experienced rapid growth, positioning ourselves as a leading human resources management software in the sector. We serve over 8,000 customers, with their platform reaching more than 300,000 users. Their software empowers companies to gain deeper employee insights and craft bespoke work experiences.

About Sesame

Track your time at work, A complete system for work teams and human resources.
Sesame is especially useful in flexitime companies, where each person have freedom to choose work timetable. Sesame’s promotes a “self control” philosophy. Each person knows their work hours and can manage them easily with Sesame.

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