KKR, a leading global investment firm, and Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, today announced the signing of definitive agreements under which KKR (on behalf of funds managed by it) and TVG will jointly lead a US$140 million (JPY 21.4 billion) Series E fundraise of SmartHR, a leading cloud-native human resources management platform in Japan, with participation from existing shareholders.
The investment will be used to accelerate SmartHR’s growth, including through the development of new solutions, talent acquisition, and organic and inorganic growth strategies.
Founded in 2013, SmartHR is a cloud-native human resources management platform that provides a suite of tech-enabled human resources management solutions, which are focused on employee management and administration, growth, talent management, and employee productivity. Through its comprehensive range of solutions, SmartHR serves a diversified spectrum of businesses including large enterprises and SMEs.
