Humi, a Toronto, Canada-based leading all-in-one HR platform that provides thousands of Canadian businesses with HR, payroll, insurance, and benefits solutions, announced that it raised CAD 31 million in Series B funding. Bringing Humi’s total funding to date to $51 million.
The round was led by Kensington Capital Partners, with continued participation from Tribe Capital and Struck Capital while welcoming new investors Telus Ventures, Flex Capital, as well as Mike Dinsdale, former CFO of Gusto, and Rodney Dobson, former President of ADP Canada & UK.
The funding will be used to further advance Humi’s software and help meet the growing demand for Humi’s products and services. Specifically, Humi will enhance its mobile experience and other employee-centric software features, like scheduling and integrated health benefits.
Company: Humi Inc.
Raised: CAD 31.0M
Round: Series B
Funding Month: May 2022
Lead Investors: Kensington Capital Partners
Additional Investors: Tribe Capital, Struck Capital, Telus Ventures, Flex Capital, Mike Dinsdale, and Rodney Dobson
Company Website: https://www.humi.ca/
Software Category: All-in-one HR Software
About the Company: Founded in 2016 by Simon Bourgeois, Kevin Kliman, and Matt Loszak to give small and medium-sized businesses in Canada a beautiful HR, payroll, insurance, and benefits experience. Humi is the leading all-in-one people solution for Canadian businesses and offers SaaS solutions for HR, payroll, and benefits, targeting Canadian-based companies. Humi has added new product offerings alongside the growing interest in its cloud-based HR platform, including business insurance, a marketplace of employee benefits, and a broader set of tools to support digital recruiting and onboarding of new employees. Humi’s mission is to make life easier for businesses and their employees through streamlining employment processes into an all-in-one people software. The company is headquartered in Toronto, Ontario.