Sesame receives a financing round of €23M to enhance its AI system applied to HR


Sesame receives a financing round of €23M to enhance its AI system applied to HR


The human resources management software Sesame has obtained a new round of financing of 23 million euros led by the British fund GP Bullhound and with investment from PSG, which will allow it to promote the use of Artificial Intelligence (AI), its consolidation in Spain and reinforce the presence in Latin America and Europe, as reported by the company in a statement.

The capital injection, which marks a significant milestone in its mission to facilitate the work of the human resources and employee management department, will allow the Valencian company to develop new software functionalities, launch new verticals and boost its international expansion.

In this sense, the company will launch new functionalities related to the financial area to the market, such as expense control, payroll advance and flexible remuneration, which positions Sesame as a complete solution for human resources management.

Sesame, with more than 8,000 clients, helps companies redefine the employee experience and bring together in the same software different solutions necessary for managing talent teams in companies.

The CEO of Sesame, Albert Soriano, explained that "in Spain it is already common to use different software to manage various tasks in the human resources and finance area. Digitalization is already a reality and the market is quite mature in that regard. "Now we are encountering companies that demand an 'all-in-one' solution that facilitates access and centralizes what they now have in different tools, on a single platform," he noted.

Another objective of the funds will be to expand and improve the use of artificial intelligence in Sesame, according to Soriano, who has indicated that they were pioneers in Spain, within the human resources management software sector, in launching AI functionalities that allow us to improve and reinforce many of our tools, such as people analytics, evaluations, recruitment or internal communication. "We are going to invest a lot of effort in continuing on this path to apply AI and improve the experience of our users, but also internally to be more agile and efficient," he stressed.

With the 23 million euros that it has just closed in this financing round, Sesame plans to continue investing in talent, continue consolidating in Spain, as well as reinforce its presence in Latin America, especially in Mexico where it has already been operating since 2023, and to be able open the market in other European countries, the company explained. "We are very excited about the new stage that will consolidate us and continue improving our software with new functionalities. In addition, it will allow us to grow and expand throughout Latin America and Europe," declared the CEO of Sesame.

For his part, the founder and managing partner of GP Bullhound, Per Roman, explained that they invest strategically in the software revolution led by artificial intelligence, focusing on the sustained growth of software by supporting category leaders in advanced stages of investment.

"Sesame is a leading example of our approach, with its innovative HR technology set to revolutionize the way businesses around the world interact with their employees, and we are excited to support its product and international expansion."

Since its launch, it has experienced rapid growth, positioning itself as one of the leading human resources management software in the sector. With more than 8,000 clients around the world, the platform, which is used by more than 300,000 users, allows you to digitize the most routine human resources processes and apply artificial intelligence so that companies know their employees better and create completely work experiences. personalized.

The platform helps the department redefine the employee experience and be able to build a "successful" corporate culture thanks to different evaluations, internal communication and very soon new functionalities such as HR Fintech, according to the same sources that have detailed that vacation management, shifts, signings, recruitment, document manager, onboarding, training and many other tools that are also included in the software.