Sesame, a Valencia-based startup in the field of human resources management, has recently announced a significant milestone. The company has successfully raised $25 million (€23 million) in a fresh funding round, led by GP Bullhound funds with the participation of PSG. This substantial investment will be strategically utilized to enhance the company’s software capabilities, introduce new verticals, and expedite its global expansion. Additionally, Sesame plans to launch new financial features, such as expense tracking, payroll advances, and flexible compensation, further solidifying its position as a comprehensive HR management solution in the market.
Sesame aims to offer a complete platform that not only digitizes HR tasks but also supports professional growth, employee wellness, and the development of a corporate culture. The company claims it is one of the top choices for HR solutions in Spain, serving many clients. Since its inception in 2015, it also claims to have seen fast expansion. With over 8,000 clients globally, the platform serves over 300,000 users, helping companies understand their employees and crafting tailored work environments.
Speaking about the company, Albert Soriano, CEO of Sesame, said:
In Spain, different software is expected to be used to manage various human resources and finance tasks. Digitalization is already a reality, and the market is quite mature. We are encountering companies that demand an “all-in-one” solution that facilitates access and centralizes what they now have in different tools on a single platform. Another benefit that this round of investment will bring us is the opportunity to expand and improve the use of artificial intelligence at Sesame.
Soriano added:
We were pioneers in Spain, within the human resources management software sector, in launching AI functionalities that allow us to improve and strengthen many of our tools, such as People Analytics, evaluations, recruitment or internal communication. We will invest a lot of effort in continuing along this path to apply AI and improve our users’ internal experience to be more agile and efficient. In addition, we will continue investing in talent, consolidating in Spain, and strengthening our presence in Latin America, especially in Mexico, where we have operated since last year, and continue opening markets in other European countries.
With the infusion of this new funding, Sesame is poised for significant growth. The company plans to expand its team and double its workforce within the next year. It is actively seeking diverse candidates, including software developers, AI specialists, marketers, and sales professionals, to join its ranks and contribute to its continued success.
