BambooHR Raises $125M in Series Unknown

BambooHR has successfully raised $125M in a Series Unknown at a $500M valuation led by Riverwood Capital, Glade Brook Capital Partners.

Company Overview

BambooHR is a HR Tech company headquartered in 1860 West Northrop Avenue, Lindon, UT 84042, founded in 2008 with 1200+ employees.

HR software for SMBs

Fundraising Details

Amount Raised: $125M
Round Type: Series Unknown
Valuation: $500M
Date: 2024-08-31
Investors: Riverwood Capital, Glade Brook Capital Partners

About BambooHR

HR software for SMBs The company is positioned in the HR Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 1860 West Northrop Avenue, Lindon, UT 84042
Founded: 2008
Team Size: 1200+
Industry: HR Tech

What This Means

This funding round demonstrates strong investor confidence in BambooHR's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HR Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. BambooHR's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $500M valuation marks an important milestone for BambooHR, positioning the company among notable players in the HR Tech industry.

Looking Ahead

With this new capital, BambooHR is well-positioned to execute on its growth strategy and continue building innovative solutions in the HR Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-08-31. For more information about BambooHR, visit their headquarters at 1860 West Northrop Avenue, Lindon, UT 84042.