Australian human resource platform Employment Hero closes $130M funding round, buys KeyPay

Employment Hero has closed a $130 million funding round led by return investor SEEK Investments with participation from OneVentures, AirTree Ventures and other shareholders. The support from investors has helped Employment Hero reach a valuation of A$1.25 billion ($900 million) valuation, and reflects the business’s strong and sustained revenue growth and prospects. This news also comes on the heels of Employment Hero’s acquisition of workforce management and payroll solution, KeyPay.