Funding Round attributes
Jet HR, an Italian startup focused on automating payroll processes, has raised €12 million in seed funding. The funding round was led by Picus Capital, with participation from Exor Ventures, 2100 Ventures, Italian Founders Fund, and other angel investors. Since its founding a year ago, Jet HR has quickly gained traction, serving over 300 clients, including well-known companies like HelloFresh and Octopus Energy. Jet HR's platform streamlines payroll management and automates related administrative tasks. The new funds will be used to enhance the platform's features and expand the team, with a particular focus on contractor management solutions.
The CEO of Jet HR expressed gratitude for the support from investors, emphasizing the critical role that automation plays in modern payroll systems. He also outlined the company’s commitment to building a platform that not only serves the immediate needs of businesses but also adapts to future requirements as the workforce evolves.
The lead investor, Picus Capital, highlighted Jet HR’s potential to disrupt the payroll sector in Italy, particularly due to the company's rapid growth and the increasing demand for payroll automation solutions. The firm believes that Jet HR's innovative platform and strong customer base position the company for continued success as it scales its operations.
In conclusion, Jet HR’s €12 million seed funding round marks a significant milestone for the company as it seeks to transform payroll processes across Italy. With strong backing from investors and a clear focus on innovation, Jet HR is well-equipped to continue growing its platform and delivering value to businesses in need of efficient, automated payroll solutions.
