US VC Insight Partners backs Employment Hero's $140 million series E

The cash will be used to bolster engineering capabilities, enhance the platform and accelerate expansion in the Southeast Asia and Western Europe markets The latest round follows a $45 million series D on a valuation of $250 million, announced in March. Employment Hero moved into the Asian market last October and now operates in in New Zealand, the United Kingdom, Malaysia and Singapore. CEO and co-founder Ben Thompson said: “This latest round of funding will enable us to bolster our brilliant team and accelerate our innovation timelines with the ultimate goal of simplifying employment for SMEs all around the world.” Insight Partners has backed more than 100 startups, including Twitter, Tumblr, Delivery Hero, HelloFresh and Pluralsight, which recently spent $2 billion acquiring Melbourne startup A Cloud Guru. Insight managing director Rachel Geller said they had followed Employment Hero for four years and noted its impressive and consistent growth. “Its customer-centric solutions have been embraced globally by the small and medium business community and we are looking forward to supporting them through this next phase of their expansion journey,” she said.