Humanforce acquires intelliHR for $77M
Sydney workforce-management firm Humanforce has bought Brisbane HR software company intelliHR for $77 million, its third acquisition since private equity firm Accel-KKR invested in 2022.
Company
Every investor coverage indicates participated in a round Wagestream raised.
Every published round Wagestream took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Wagestream has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Wagestream, as distinct from the investments it has made.
Companies Wagestream has backed that another company then bought. An exit for the holding, not a deal Wagestream did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Wagestream is recorded as having been acquired. | ||||
The transaction that ended Wagestream's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Humanforce | Acquisition | 13 Mar 2023 | - | Startup Daily |
Companies Wagestream acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Earnd | Acquisition | 2021 | - | Startup Daily, Australian FinTech |
| Name | Role | Sources |
|---|---|---|
| Josh Vernon | CEO | Australian FinTech |
Stories naming Wagestream. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sydney workforce-management firm Humanforce has bought Brisbane HR software company intelliHR for $77 million, its third acquisition since private equity firm Accel-KKR invested in 2022.
Humanforce has bought Wagestream's Australian arm, formerly Earnd, for an undisclosed sum. The article recalls Earnd's 2019 raise, its sale to Greensill, rescue by Wagestream, an A$81m Series C, and Humanforce's earlier acquisitions.
UK pay-access fintech Wagestream, formed from Sydney's Earnd, secured a A$236 million Series C — equity led by Smash Capital with Silicon Valley Bank debt — to expand beyond Britain, including across Australia.
Also Startup Daily