HR Path raised 225 million euros
The newly established French company offers HR management strategies ranging from consulting through the implementation of software solutions to the organization and payroll outsourcing
HR Path raised l225 million euros to boost its growth and expand to the 19 countries in which it operates to date.The funding was led by Andera Partners and twelve of its subscribers, including Societe Generale Capital Partenaires (SGCP). Six French banks also participated in the round, including Société Générale, BNP Paribas, Crédit Agricole Ile de France, Banque Palatine, LCL and Caisse d’Épargne Ile de France.
This round combines the raising of external bank financing oriented towards the growth and reorganisation of the share capital around Andera Partners, a partner of the group since 2019.
By rewriting the HR rulebook, the newly established French company offers HR management strategies ranging from consulting through the implementation of software solutions to organizing and outsourcing payroll.
Founded in 2001 by Cyril Courtin and Francois Boulet, HR Startup supports companies for which human experience is essential for their digital transformation. The company’s turnover to date amounts to 140 million euros.
“HR Path is a new company that has developed its technology.Our goal is to improve the performance of human resources through the acquisition of new companies. We want to share our know-how in the field of human resources with large international groups and create with them innovation in the field of human resources.”, said François Boulet, co-president of HR Path.
“Ways to manage human resources are more than ever a priority for businesses. HR Path has been able to meet all these challenges that allow companies to improve the HR experience.”, noted Cyril Courtin, co-president of HR Path.