Total amount raised
$695.5 Million
Latest funding date
7/1/2021
Location
Paycor offers a comprehensive suite of HR and payroll solutions designed to empower leaders and drive business results through advanced technology and expert guidance. The platform includes tools for talent acquisition, talent management, workforce management, benefits administration, compliance solutions, and more.
What Is Paycor?
Paycor is a prominent provider of Human Capital Management (HCM) and payroll solutions, dedicated to empowering business leaders and streamlining HR processes. The company offers a wide range of services, including HR software, payroll software, talent acquisition, talent management, workforce management, benefits administration, and compliance solutions.
With a focus on AI-enabled technology and expert guidance, Paycor helps businesses ensure compliance and foster employee development. Serving nearly 800,000 customers across various industries, Paycor provides tailored solutions to meet the specific needs of different organizations.
How Much Funding Has Paycor Raised?
- Private Equity
- Amount Raised: USD 270,000,000
- Date: January 2021
- Lead Investors: Neuberger Berman, Qatar Investment Authority
- Private Equity
- Date: September 2018
- Post-IPO Secondary
- Amount Raised: USD 161,200,000
- Date: March 2024
- IPO
- Amount Raised: USD 425,500,000 (gross IPO proceeds to Paycor HCM: 18,500,000 shares at USD 23.00, before underwriting discounts; USD 398,906,250 before expenses)
- Date: July 2021
- Lead Investors: Not publicly disclosed
In total, Paycor has raised USD 695,500,000. Excludes the March 2024 USD 161.2 million secondary sale by selling stockholders, from which Paycor received no proceeds; the IPO figure is gross.
Key Investors
- Neuberger Berman
- Details: Neuberger Berman is a private, independent, employee-owned investment management firm. Founded in 1939, it manages a range of equity, fixed income, private equity, and hedge fund portfolios for institutions and advisors worldwide.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Not publicly disclosed
- Qatar Investment Authority
- Details: Qatar Investment Authority (QIA) is the sovereign wealth fund of the State of Qatar. Established in 2005, it specializes in domestic and foreign investment to strengthen the country's economy.
- Investment Focus Areas: Real estate, infrastructure, technology
- Notable Investments: Not publicly disclosed
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