HeavenHR is a cloud-based HR management platform offering core HR tools to SMEs. The platform runs a freemium model: core functions such as digital contracts, electronic personnel files, absence management and time tracking are free, while payroll, benefits, pension and insurance management are paid add-ons. The company is about 10 months old and is currently active in Germany, Austria, France and Switzerland. HeavenHR closed a €6M Series A and says the financing will be used to continue building out the product and to accelerate growth. Management highlights pensions and insurance as monetization opportunities, effectively operating as a broker to enroll employees in workplace pension plans. The team claims the integrated product lets users hire a new employee in four minutes and automatically enroll them in payroll, pension and insurance within a few clicks, positioning it against traditional payroll providers and fragmented HR tools.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2016