Bambee, a Los Angeles, CA-based company that makes Human Resources affordable for small to medium-sized businesses, announced a $30 million Series C round, bringing its total funding to $65 million.
The round was led by QED Investors with Participation from SoftBank, Alpha Edison, Mucker Capital, Ken Chenault, Damian Maldonado, and Gaingels
The investments will be deployed across four areas: Bambee Guided Payroll and HR Autopilot products, adding new customer benefits, expanding customer and HR manager teams to deliver world-class service, and growing engineering teams.
With this new investment, Bambee plans to hire an additional 150 employees this year and expand its operations in Nashville, Tennessee.
Company: Bambee, Inc.
Round: Series C
Funding Month: March 2022
Lead Investors: QED Investors
Additional Investors: SoftBank, Alpha Edison, Mucker Capital, Ken Chenault, Damian Maldonado, and Gaingels
Company Website: https://www.bambee.com/
Software Category: HR services
About the Company: Founded in 2016 by Allan Jones, Bambee has been at the forefront of solving HR problems for small businesses since its inception. Bambee puts their customer's HR on autopilot, starting with a dedicated HR manager and smart automation. Bambee helps each company navigate the complex regulatory world of compliance, HR policy, employee relations, and HR strategy -- including internal investigations, hires, furloughs, and return to work procedures. The combination of a real HR manager coupled with an intelligent software platform gets Bambee customers to HR compliance and helps keep them compliant. In October 2021, Goldman Sachs celebrated Jones as one of the 100 most intriguing entrepreneurs, at their Builders + Innovators Summit. For three years running, Forbes has named Bambee a top startup employer in the U.S., and in 2022 listed Bambee as top 5 in Los Angeles. The company grew topline by 100% in 2021 and is on track to double again in 2022. The company has nearly 10,000 active subscribers.