Sesame, a prominent HR software provider headquartered in Valencia, has successfully completed a €23 million funding round, bolstering its position as one of the leading HR management solutions in Spain with ambitions for expansive international growth. This capital infusion, spearheaded by technology-focused investment firm GP Bullhound and with contributions from initial Series A investor PSG, will fuel Sesame’s continued investment in artificial intelligence (AI) technology, development of cutting-edge software features for HR and financial management, and acceleration into Latin American and European markets. With more than 8,000 clients and a user base exceeding 300,000, Sesame’s comprehensive platform aims to digitize and centralize a range of HR functions, leveraging AI to enhance tools such as people analytics, evaluations, recruitment, and internal communications. The new financial resources will support the company’s talent recruitment efforts, aiding its consolidation in Spain and promotion in foreign markets, particularly in Mexico, where Sesame began operations in 2023. The backing from high-profile investors like GP Bullhound, a firm with a track record of investing in later-stage venture leaders, underscores Sesame’s potential to transform HR technology globally. As Sesame’s CEO, Albert Soriano, articulates plans for the implementation of finance-related features, which include expense control and flexible remuneration, the company envisions becoming a holistic all-in-one solution for HR management. This latest financial milestone mirrors the company’s rapid expansion and the tech investment firm’s commitment to fostering the AI software revolution. The strategic growth capital is set to bolster Sesame’s mission to digitize routine HR tasks, pushing the boundaries in time and core HR administration, performance, engagement, and the advent of HR Fintech functionalities. With its robust functionalities and AI capabilities, Sesame is reshaping HR best practices and employee experience, poised to build upon its significant commercial success in a market ripe for integrated technological solutions.

Software & Technology, Human Resources & Employment Services, Financial Technology (Fintech), Artificial Intelligence,Spain, Latin America, Europe

https://www.psgequity.com/news/sesame-closes-new-investment-round-of-23m-to-continue-its-investment-in-ai-and-accelerate-international-expansion