Startup · $22.5m raised
Sydney, NSW
Every investor coverage indicates participated in a round Humanforce raised.
Every published round Humanforce took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Humanforce has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Humanforce, as distinct from the investments it has made.
Companies Humanforce has backed that another company then bought. An exit for the holding, not a deal Humanforce did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Humanforce is recorded as having been acquired. | ||||
The transaction that ended Humanforce's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Accel-KKR | Acquisition | 23 May 2022 | $60m | Startup Daily (Thu 9 Feb 2023), Startup Daily (Mon 23 May 2022) |
Companies Humanforce acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Wagestream | Acquisition | 13 Mar 2023 | - | Startup Daily |
| Ento | Acquisition | Sep 2022 | - | Startup Daily (Thu 9 Feb 2023), Techboard, Startup Daily (Mon 3 Oct 2022) |
| Name | Role | Sources |
|---|---|---|
| Bruce Mackenzie | Managing Director | SmartCompany |
| Clayton Pyne | CEO | ARN (ARNnet), Startup Daily, SmartCompany (Mon 6 Jun 2022), SmartCompany (Tue 23 Jul 2019) |
Stories naming Humanforce. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian telco enablement group Advantai hires Ben Dobbin as Prvidr's COO and Julian Dell as Staqr's CTO, effective immediately, as it scales across the Trans-Tasman telecommunications market.
Sydney workforce-management firm Humanforce has bought Brisbane HR software company intelliHR for $77 million, its third acquisition since private equity firm Accel-KKR invested in 2022.
Humanforce has bought Wagestream's Australian arm, formerly Earnd, for an undisclosed sum. The article recalls Earnd's 2019 raise, its sale to Greensill, rescue by Wagestream, an A$81m Series C, and Humanforce's earlier acquisitions.
Techboard's September 2022 roundup reports Australian raises led by Morse Micro's $140m Series B, several acquisitions including ResApp Health to Pfizer, fund closes by Telstra Ventures, OIF and Main Sequence, and open raises.
Ignition Lane's weekly tech roundup covering fresh Australian startup raises, new venture funds and closes, a wave of acquisitions, delistings and a liquidation, executive moves, and Canva's product launch.
Also Centerstone Capital portfolio·Startup Daily·SmartCompany·6clicks.com·ARN (ARNnet)·Centerstone Capital portfolio·Techboard·Startup Daily
Interview with Humanforce founder Bruce Mackenzie on leaving the workforce-management firm he built after its sale, reflecting on bootstrapping, early funding, and how founders know when to exit.
Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.
Also Startup Daily
A guide to twelve funding routes for Australian startups, covering venture capital, angels, debt, accelerators, grants, corporate venture, crowdfunding, ICOs and loans, with many past raises cited as examples.
Also Crunchbase News·Startup Daily·SmartCompany·Crunchbase News·TechCrunch Venture·TechCrunch Venture
Delivery startup Sendle has closed a $20 million Series B led by Federation, with three other backers, and separately Humanforce has raised $22.5 million from Accel-KKR for overseas expansion.