Total amount raised
$63 Millions
Latest funding date
03/01/2022
Location
Bambee has successfully raised funds through multiple rounds, with its latest being a Series C round. The company offers a comprehensive HR management solution tailored for small and medium-sized businesses.
Keep reading to explore the intricacies of Bambee's fundraising journey and the investors backing this innovative platform.
What Is Bambee?
Bambee, founded in June 2016, is a Los Angeles-based company specializing in Human Resources, Professional Services, and SaaS. The company was established by Allan Jones and currently employs between 51-100 people.
Focused on providing affordable HR management solutions, Bambee aims to make it possible for small and medium-sized businesses to access HR managers and operate like Fortune 500 companies. Their services include HR policy crafting, compliance understanding, HR Autopilot, and Guided Payroll, starting at $99 a month.
How Much Funding Has Bambee Raised?
- Series C
- Amount Raised: $30M
- Date: March 2022
- Lead Investors: QED Investors, SoftBank, Alpha Edison
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop Bambee Guided Payroll and HR Autopilot products, hire 150 employees, and expand operations in Nashville, Tennessee.
- Series B
- Amount Raised: $15M
- Date: December 2020
- Lead Investors: QED Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the company and enhance its product offerings.
- Series A
- Amount Raised: $7.5M
- Date: November 2019
- Lead Investors: Alpha Edison
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of Bambee's HR solutions.
- Series A
- Amount Raised: $5M
- Date: February 2019
- Lead Investors: Alpha Edison
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of Bambee's HR solutions.
- Seed Round
- Amount Raised: $2.5M
- Date: July 2018
- Lead Investors: Alpha Edison
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of Bambee's HR solutions.
- Seed Round
- Amount Raised: $3M
- Date: June 2016
- Lead Investors: Alpha Edison
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of Bambee's HR solutions.
Total Amount Raised: $63M. Current Valuation: Not publicly disclosed.
Key Investors
- QED Investors
- Details: QED Investors is a boutique venture capital firm based in Alexandria, VA. They focus on investing in early-stage, disruptive financial services companies.
- Investment Focus Areas: Financial services, North America, South America, United Kingdom
- Notable Investments: Credit Karma, Nubank, SoFi
- Alpha Edison
- Details: Alpha Edison is an investment platform partnering with entrepreneurs to build category-creating companies. They help founders understand latent demand and unlock new markets.
- Investment Focus Areas: Category-creating companies, market unlocking, scaling businesses
- Notable Investments: Not publicly disclosed
- SoftBank
- Details: SoftBank is a global technology investment firm headquartered in Tokyo, Japan. They are known for their Vision Fund, which invests in technology-driven companies.
- Investment Focus Areas: Technology, telecommunications, e-commerce
- Notable Investments: Uber, WeWork, Alibaba
- Mucker Capital
- Details: Mucker Capital is a venture capital firm based in Santa Monica, CA. They focus on early-stage investments in internet software and services.
- Investment Focus Areas: Internet software, services, early-stage startups
- Notable Investments: Honey, ServiceTitan, Next Trucking
- Gaingels
- Details: Gaingels is an investment syndicate that focuses on supporting and investing in LGBTQIA+ founders and executives. They aim to promote diversity and inclusion in the startup ecosystem.
- Investment Focus Areas: Diversity, inclusion, LGBTQIA+ founders
- Notable Investments: Not publicly disclosed
What's Next for Bambee?
With the recent $30 million Series C funding, Bambee is poised to enhance its Guided Payroll and HR Autopilot products, expand its team by 150 employees, and grow its operations in Nashville, Tennessee. This expansion aligns with the increasing demand for affordable HR solutions among small to medium-sized businesses, a trend that shows no signs of slowing down.
As Bambee continues to scale, future fundraising opportunities seem promising, especially given the company's strong growth trajectory and nearly 10,000 active subscribers. However, challenges such as navigating complex HR compliance regulations and managing rapid growth will require careful strategy and execution.
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