ThinkHR Receives $67.5M Growth Equity Investment

thinkhrThinkHR, a Pleasanton, Calif.—based provider of HR knowledge software and services, received a $67.5m growth equity investment.

Guidepost Growth Equity made the investment.

The company intends to use the funds to accelerate innovation and adoption of its HR knowledge platform.

Founded in 2005 by Pete Yozzo, CEO, ThinkHR provides an HR knowledge platform which currently serves more than 125,000 employers and 850 business partners, including seven of the 10 largest insurance brokers, as well as top payroll providers, HR technology providers, and professional employer organizations (PEOs).
ThinkHR, which enables partners to integrate HR knowledge into their products and services for human capital management (HCM), features hundreds of thousands of answers to HR compliance issues, plus training courses, newsletter content, HR tools, and an employee handbook builder – all of which are supported by access to live advisors who help HR and business leaders manage complex workforce issues.

As part of the investment, Roshen Menon and Chris Cavanagh of Guidepost Growth Equity will join the ThinkHR board of directors along with Larry Dunivan, former chief revenue officer of Ceridian, a global HCM leader, and Mike Gaburo, former chief operating officer of Paycor, a provider of mid-market HCM solutions.

FinSMEs

22/08/2018

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