HRLocker is an Irish HR Tech company specialized in employment management software Since the pandemic the adoption of HR Tech has exploded and HRLocker tripled its staff count to meet growing demand. To achieve their scaling ambitions and grow the existing customer base in Ireland and the UK, completed an inaugural investment round of Eur 2m. In what is quite a remarkable achievement, up to this point, HR Locker was fully bootstrapped, reaching seven-figure annual recurring revenues. drove more businesses online. The company plans to double its team from 70 to 150 people by the end of 2022. It aims at funding over 5,000 businesses across the globe. It focuses on volume supporting as many entrepreneurs as possible instead of focusing on a concentrated portfolio.
Type of round: First funding round
Amount: Eur 2m
Date of round: Dec 22
Industry: HR Tech
Type of investors Finwise brought in: Angel investors
Type of investors Finwise brought in:
The company wanted a diversified cap table not only consisting of VCs. We brought in high profile angel investors, an angel group and a high-profile Belgian family office.
The round was successfully closed with a £15m capital injections and a £100m debt financing.