Paris-based HR digital transformation company HR Path has raised €225 million in funding to boost growth, both organically and externally, and expand its operations in the 19 countries it is currently operating in.
The investment was led by Andera Partners and a dozen of its subscribers, including Societe Generale Capital Partenaires (SGCP). The round also saw participation from six French banks, including Société Générale, BNP Paribas, Crédit Agricole Ile de France, Banque Palatine, LCL and Caisse d’Épargne Ile de France.
This round combines the raising of external growth-oriented bank financing and reorganisation of equity around Andera Partners, a partner of the group since 2019.
Founded in 2001 by Cyril Courtin and Francois Boulet, the HR tech startup supports companies for which the human experience is essential to their digital transformation. It offers HR strategies ranging from consulting through the implementation of software solutions to payroll outsourcing. The company’s turnover to date amounts to €140 million.
François Boulet, co-president, HR Path, said: “We aim to improve HR performance through the acquisition of new companies. We want to share our HR expertise with large international groups and create HR innovation with them.”
Cyril Courtin, co-president, HR Path added: “The topics around human capital are more than ever a priority: adapting to change, data security, employee attraction and employee engagement. HR Path has been able to meet all these challenges that allow companies to improve HR experience.”