Elements Global Services Announces $20 Million Minority Growth Equity Investment From Guidepost to Further Revolutionize the Global HR Industry
Summary
Elements Global Services, the leading Employer of Record and Business Intelligence services provider, announced that it has closed a $20 million minority investment from Guidepost Growth Equity, a leading growth equity firm focused on high-growth technology companies.This represents Elements first institutional capital raise, and with this investment, the Company plans to further accelerate growth by adding additional talent to its global workforce and expanding its suite of HR product offerings.Founded in 2015, Elements is led by Chief Executive Officer and Founder, Rick Hammell. The Companys mission is to simplify global expansion by enabling clients to rapidly and compliantly manage the full lifecycle of their international employees in over 135 countries. Won Park will join Elements Board of Directors following the close of the investment.Elements exemplifies Guideposts long history of working with bootstrapped, fast-growing and unique business models in highly dynamic markets. We look forward to supporting Elements as it pursues a number of exciting growth initiatives, said Doug Kingsley, General Partner of Guidepost.Securing this investment underscores the strength of our organization, people and our collective dedication to simplifying global expansion for all. Elements provides 100% direct Employer of Record services in over 135 countries covering everything from payroll, benefits, HR, local compliance to visa & mobility.