Nigerian HR startup SeamlessHR Raises Seven-Figure Round to Drive Pan-African Growth

Nigerian HR startup SeamlessHR Raises Seven-Figure Round to Drive Pan-African Growth

SeamlessHR, a Lagos based startup focused on leveraging technology to simplify and automate human resources functions for businesses has raised a new spherical 7 figure funding in a bid to drive its pan-African growth, the funding round is led by US-based Lateral Capital and Lagos-based Consonance Investment Managers. Other investors that participated include Ingressive Capital and Kenyan-based Enza Capital.

This new funding round for SeamlessHR follows a pre-seed investment from Tofino Capital, an early-stage investor particularly interested in emerging markets B2B or enterprise tech companies, which invested $150k in the startup last year.

Founded in 2013 by Dr Emmanuel Okeleji and Deji Lana, SeamlessHR started off as a jobs aggregator that crawled jobs on multiple jobs sites and had a recruitment management system that matched employers to jobseekers called Insidify.com at the time which helped companies review job applications and in the process select the qualified candidates for particular roles. The startup has now grown into an enterprise-grade, cloud-based human resource management software after several iterations per the requests of its first set of customers.

SeamlessHR’s product suite includes a Recruitment Management System, Core HR Management, Performance and Competency Management, Payroll Management, Leave Management, HR Analytics and several other modules.

In 2018, SeamlessHR made a strategic pivot by moving from a B2C business to a B2B SaaS company helping medium to large-sized companies automate and optimize their entire HR process from recruitment to retirement.

In a statement by Dr. Emmanuel Okeleji, the startup’s CEO said,”we have what we can call the first-mover advantage in the enterprise HR cloud SaaS space in Africa. This round of funding will help us consolidate on this advantage and scale operations quickly across the continent.”

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Rob Elof, managing partner at Lateral Capital speaking about the investment said,”In Emmanuel and Deji, we see two highly talented and experienced founders that have surrounded themselves with talent and have thoughtfully created a product suite and culture that will enable success in building Africa’s own WorkDay and more. Lateral Capital is thrilled to have the opportunity to be part of this journey.”

SeamlessHR currently has impressive clienteles in Nigeria and Ghana such as Coronation Bank, Lagos Business School, NIBSS, Providus Bank, PwC, Sterling Bank, Wema Bank amongst others  and is now setting its sights to companies in other African countries which the new round of funding will help them achieve.