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Cloud-based HR management platform HeavenHR closes €6M Series A Funding

HeavenHR, a cloud-based HR management platform for small and medium enterprises (SMEs), has closed €6 million in Series A funding. Leading the round in the Berlin-based startup are Target Global, and Open Ocean.

HeavenHR, which is just 10 months old, says the new financing will be used to continue building out the product and to accelerate growth. The company is currently active in Germany, Austria, France and Switzerland,

Operating a rather subtle freemium model, the HR platform’s core functions, such as digital contracts, electronic personnel files, absence management and time tracking are free (similar to London’s CharlieHR), but HeavenHR charges for additional services such as payroll, benefits, pension and insurance management.

TechCrunch (15 Aug)