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KKR and Teachers’ Venture raise $140 million in Series E round for Japanese cloud-based HR software platform SmartHR

Posted on by darion

KKR and TVG Partner on $140 Million Fundraising for SmartHR

In an exciting partnership, KKR and Teachers’ Venture Growth (TVG) have joined forces to lead a $140 million (¥21.4 billion) Series E fundraising round for SmartHR, a leading cloud-based HR platform in Japan. This investment is intended to fuel SmartHR’s growth by focusing on new solution development, talent acquisition, and organic and inorganic growth strategies.

Founded in 2013, SmartHR offers a comprehensive suite of technology-based human resources solutions covering various aspects of employee management and administration, talent management and employee productivity. The customer base covers a wide range of businesses, from large enterprises to SMEs.

Mukul Chawla, Partner and Head of Growth Equity, Asia Pacific at KKR, expressed enthusiasm about the collaboration, highlighting SmartHR’s key role in increasing workforce productivity in Japan through digitalization and cloud technology. The partnership with KKR will provide SmartHR with the necessary expertise, best practices and global networks to support the company in its next phase of growth.

Olivia Steedman, Executive Managing Director and Global Head of Teachers’ Venture Growth, praised SmartHR for its innovative approach to work management solutions and its ability to support companies of all sizes in their digital transformation. She emphasized the importance of accelerating SmartHR’s growth while leveraging global expertise to create additional value.

KKR’s investment in SmartHR falls under the Asia Next Generation Technology (Asia NGT) strategy, marking the latest technology investment in Japan. This strategic move is in line with KKR’s focus on supporting innovative technology companies across various sectors.

The collaboration between KKR, TVG and SmartHR signifies a strong commitment to driving innovation and growth in the technology industry, particularly in the area of ​​HR management. With a shared vision to support the digital transformation of enterprises, the partnership is poised to take SmartHR to new heights in its growth journey.

For more information about this partnership and SmartHR’s future plans, view the source version on businesswire.com.