HeavenHR GmbH

HeavenHR GmbH is a digital human resource management platform that streamlines HR processes for small to medium-sized enterprises, enhancing operational efficiency and employee satisfaction. HeavenHR GmbH provides digital solutions for human resource management, focusing on small to medium-sized enterprises. The company is headquartered in Berlin, Germany. Founded by Alexander Bertermann, HeavenHR has successfully raised EUR 10 million in Series B funding on December 28, 2018, from investors including Allianz X, Piton Capital, and Target Global.

The total amount raised by the company stands at EUR 10 million, with a current company valuation of EUR 46. 625 million. HeavenHR specializes in a comprehensive digital solution for human resource management, catering primarily to small to medium-sized enterprises (SMEs). Their offerings include an online platform that simplifies HR processes such as employee onboarding, time tracking, and payroll management.

This integration of essential HR functions allows organizations to enhance workforce management and operational efficiency while ensuring compliance with labor laws. HeavenHR serves a diverse clientele across various sectors including technology, retail, and services, mostly within the DACH region (Germany, Austria, and Switzerland). HeavenHR operates on a subscription-based revenue model, providing clients access to their HR management platform through various pricing tiers tailored to different service levels. Transactions are executed via annual or monthly subscriptions based on the number of employees managed.

The company’s key services, which include automated payroll processing and comprehensive employee management tools, facilitate client retention and establish a consistent revenue stream. To support future growth, HeavenHR plans to leverage the EUR 10 million raised in the Series B funding round. The company aims to develop and launch new products designed to enhance their platform's capabilities. Additionally, HeavenHR seeks to expand its market presence beyond the DACH region into other European markets by 2020, targeting a broader range of small to medium-sized enterprises across various industries.