The Human Resources technology space contains 39 unicorn companies. They provide tools for payroll, global team management, and employee benefits.
Deel and Rippling lead the group with valuations of $17B each. Other major companies include Gusto, valued at $10B, and Germany-based Personio at $8.5B.
Below is the full list of 39 Human Resources unicorn startups at this time.
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Get the Sheet for $50Deel provides an all-in-one HR platform for companies to hire and manage their international workforce. They are known for handling the complexities of global payroll and compliance, allowing businesses to legally employ talent in other countries without setting up local entities.
| Valuation | $17B (Joined April 2021) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2019 |
| Founders | Alex Bouaziz, Ofer Simon, Shuo Wang |
| Funding Amount | $1.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series E |
| Top Investors | Y Combinator, Franklin Templeton, General Catalyst, Andreessen Horowitz, Spark Capital |
Rippling builds a workforce platform that lets companies manage all their employee operations across HR, IT, and finance. Their unified system is designed to automate administrative work, handling everything from payroll and benefits to app provisioning and device management.
| Valuation | $17B (Joined August 2020) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2016 |
| Founders | Parker Conrad, Prasanna Sankar |
| Funding Amount | $2.4B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series G |
| Top Investors | Y Combinator, Coatue, Sequoia Capital, Founders Fund, Abstract |
Gusto builds an all-in-one platform for payroll, benefits, and human resources management. Their software is designed to simplify these complex administrative tasks, giving companies a single system for managing their people operations.
| Valuation | $10B (Joined December 2015) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2011 |
| Founders | Edward Kim, Josh Reeves, Tomer London |
| Funding Amount | $746.1M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Pear VC, General Catalyst, Y Combinator, Slow Ventures, Kleiner Perkins |
Personio builds a comprehensive HR software platform tailored for small and medium-sized enterprises. Their system streamlines core HR processes, including recruiting, payroll, and employee data management.
| Valuation | $8.5B (Joined January 2021) |
| Headquarters | Munich, Bayern, Germany |
| Year Founded | 2015 |
| Founders | Arseniy Vershinin, Hanno Renner, Ignaz Forstmeier, Jonas Rieke, Roman Schumacher |
| Funding Amount | $724.3M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Lightspeed Venture Partners, Index Ventures, Visionaries Club, Accel, Northzone |
BetterUp provides a professional coaching platform that blends AI-powered insights with one-on-one human interaction. They focus on helping organizations improve leadership, management, and overall employee performance.
| Valuation | $5B (Joined February 2021) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2013 |
| Founders | Alexi Robichaux, Eddie Medina |
| Funding Amount | $570M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Lightspeed Venture Partners, SV Angel, Wellington Management, Y Combinator, Sapphire Ventures |
Checkr built an AI-powered platform to modernize background checks for businesses. Their technology helps companies hire faster and more fairly through automated screening and continuous workforce monitoring.
| Valuation | $5B (Joined September 2019) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2014 |
| Founders | Daniel Yanisse, Jonathan Perichon |
| Funding Amount | $740.1M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Undisclosed |
| Top Investors | Franklin Templeton, Y Combinator, Bond, Accel, Khosla Ventures |
G-P built a global employment platform that enables companies to hire talent anywhere without the need to set up local legal entities. Their SaaS product streamlines the entire process, from onboarding and payroll to ensuring compliance with international labor laws.
| Valuation | $4B |
| Headquarters | Boston, Massachusetts, United States |
| Year Founded | 2012 |
| Founders | Nicole Sahin |
| Funding Amount | $350M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Sands Capital Ventures, Vista Credit Partners, TDR Capital, Wincove |
Handshake built a career network to connect college students and recent graduates with job opportunities. Their platform helps employers recruit early-career talent from a diverse pool of universities.
| Valuation | $4B (Joined May 2021) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2014 |
| Founders | Ben Christensen, Garrett Lord, Scott Ringwelski |
| Funding Amount | $434M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | Reach Capital, Lightspeed Venture Partners, EQT Ventures, Coatue, Spark Capital |
Papaya Global built a fintech platform to streamline payroll and payments for companies with a global workforce. They provide a unified, cloud-based solution that simplifies the challenges of managing international employment and compliance.
| Valuation | $4B (Joined March 2021) |
| Headquarters | New York, New York, United States |
| Year Founded | 2016 |
| Founders | Eynat Guez, Ofer Herman, Ruben Drong |
| Funding Amount | $444.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Scale Venture Partners, Insight Partners, Bessemer Venture Partners, IVP, Tiger Global Management |
HiBob offers a people management platform that helps dynamic companies streamline core HR processes like payroll and benefits. Their system, known as Bob, is also built to improve the employee experience with tools for engagement and culture.
| Valuation | $3B (Joined October 2021) |
| Headquarters | New York, New York, United States |
| Year Founded | 2015 |
| Founders | Amit Knaani, Andy Bellass, Israel David, Ronni Zehavi |
| Funding Amount | $574M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | Battery Ventures, Farallon Capital Management, General Atlantic, Bessemer Venture Partners, LocalGlobe |
The Remaining 29 Human Resources Unicorns
The ten most valuable companies are just the tip of the iceberg. While the United States is a clear hub for HR startups, this growth is happening all over the world, from Australia and India to Spain and Japan.
These companies are tackling everything from payroll to employee well-being, and they're all growing fast. Here’s a look at the other unicorn startups shaping the human resources industry.