Humi, Canada´s all-in-one HR platform that provides small to medium-sized businesses with HR, Payroll, and Benefits solutions, has announced USD 15M CAD in financing, including both equity and debt, the company said.
The raise is led by Tribe Capital, a prominent US venture capital firm whose team has funded successful software companies, including Slack and Carta.
To help meet the growing demand for its products and services, the funding will be used to further develop Humi´s software as Canada´s only true all-in-one people solution.
With COVID-19 bringing a new shift in traditional businesses adopting a remote-friendly work culture, there is more demand than ever for cloud-based employment solutions. Since March, Humi has seen an 80% increase in demand from companies looking to hire, onboard, pay, and track vacation all from within the cloud.
Launched in 2016 via the Y Combinator startup accelerator, Humi´s mission is to make life easier for businesses and their employees through streamlining employment processes into an all-in-one people software. While most HR tech companies build for customers in multiple countries, Humi has made the decision to be hyper-focused on the Canadian market and is supporting employers and employees with built-in product features that reflect the nuances of building and employing people within Canada.
Saving employers time and money, Humi´s product consistently remains up-to-date with provincial government employment regulations while also offering education for employers on these updates.
Humi is Canada´s HR, Payroll, and Benefits solution for small and medium-sized businesses across Canada. Committed to uplifting Canadian businesses and their people, Humi supports and enables employees to take better care of their most important asset: their people. For more information, visit www.humi.ca.
Tribe Capital is an early stage venture capital firm based in San Francisco, California. Tribe invests in Seed through Series B with an investment focus on recognizing and amplifying early stage product-market fit utilizing a collection of quantitative techniques that have been developed and honed over several years.