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Friday, May 24, 2024

Garrigues acts for PSG in Sesame HR´s €10m funding round

Garrigues has advised leading growth equity firm Providence Strategic Growth (PSG), as lead investor in Spanish startup Sesame HR´s €10 million funding round

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Sesame HR’s ambitious goal is to help companies understand and manage the new world of work they face. The Spanish start-up integrates its functions in a digital ecosystem alongside other HR software products to facilitate and speed up the work of HR departments. With the €10 million raised in its Series A funding round, Sesame will expand that ecosystem by integrating itself in depth with leading tools available in the domestic and international market. It will also improve its People Analytics offering to apply AI to help companies better understand their employees and create fully personalised work experiences.

The funding round is led by PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies to help accelerate their growth. PSG’s support will help strengthen Sesame’s international presence by helping the company adapt its products to each new country, leveraging the firm’s presence and expertise across Europe and the United States.

According to Albert Soriano, CEO and Founder of Sesame: “It’s essential to our business, since it allows us to make the experience of using Sesame bespoke to each country and aligned with the business needs of each region.”

Albert Soriano believes that the HR sector is experiencing a very special moment: “The new reality in the world of work is complex and the speed at which the changes come is overwhelming for many HR teams, so in addition to digitising and automating the management of teams, it is necessary to focus on the development of solutions that facilitate the transmission of company culture and to improve the employee experience”.

Garrigues advised Providence Strategic Growth with a Madrid office Corporate team led by partner Jose Luis Ortín, together with senior associate Luis Enrique Mata.

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