HRtech Sesame raises €23M for global expansion

HR software company Sesame has raised €23M from GP Bullhound and existing investor PSG.

The platform allows companies to digitise routine HR tasks, from time management and core HR administration to performance and engagement. It leverages artificial intelligence to gain deeper employee insights and craft bespoke work experiences. They currently have operate in more than 30 countries in Europe, the United States, and Latin America.

With the new capital, Sesame will develop new software features, launch new verticals and accelerate its international expansion. The funding round also includes contributions from PSG. 

Established in 2015, the Valencia-based HR software company has rapidly grown to serve over 8,000 customers, with its platform that reaches more than 300,000 users. It leverages artificial intelligence to analyse more data on employees’ work and recruitment patterns.

“Thanks to the investment from GP Bullhound, we’re empowered to propel our vision of redefining employee management with cutting-edge technology,” said Albert Soriano, Founder of Sesame. “This partnership enables us to accelerate our product development and expand geographically, ensuring that businesses everywhere can benefit from our sophisticated, AI-driven solutions.”

Per Roman, Founder and Managing Partner at GP Bullhound, stated, “At GP Bullhound, we strategically invest in the AI-led software revolution, focusing on the sustained growth of software by backing category leaders in the later stages of venture. Sesame is a prime example of our focus, with its innovative HR technology set to revolutionise the way businesses worldwide interact with their employees, and we are excited to support their product and international expansion.”