Sesame HR, a Valencia-based human resources technology company, recently secured a financing agreement worth up to €50M with BBVA Spark. This funding will enable the company to expand its reach globally, reinforcing its market position, and invest further in product development and technology.
Founded in 2015 by Albert Soriano, Sesame HR is a software-as-a-service (SaaS) platform that supports companies in managing employees, improving processes, and making data-driven decisions. The company currently services over 15,000 companies and has more than 300,000 users globally. With an annual revenue exceeding €20M, Sesame HR aims to become a leading people management platform in Europe. source
International Expansion and Product Development
The substantial funding from BBVA Spark will be directed toward strengthening operations in Spain, Italy, and Portugal, while also opening new markets in France and Germany. Apart from expansion within Europe, Sesame HR plans to accelerate growth in Mexico and Brazil, where it already serves more than 1,000 clients.
In addition to expanding its global footprint, Sesame HR intends to focus its resources on further product development and technology, particularly in the field of artificial intelligence (AI). The company believes that AI is the key to driving its vision for the future.
New Financing Structure in European Market
The collaboration with BBVA Spark also introduces a unique financing structure within the European market. This model is specifically designed for SaaS companies, supporting their global growth without requiring equity dilution. This approach enables Sesame HR to invest in acquiring new customers while continuing to develop its platform.
This innovative financing structure is based on data insights and is structured for scalability across various markets. It allows Sesame HR to maintain its sustainable growth strategy and confirms that innovation not only lies in technology but also in the way the company progresses.
Revolutionizing HR Management
Sesame HR’s platform digitalizes workforce management and streamlines daily operations. It offers tools that enable organizations to manage time, attendance, communication, and performance through an integrated system, thereby improving coordination and decision-making.
With a team of over 350 employees, Sesame HR operates in more than 30 countries. The company continues to invest in talent and international growth, with a focus on expanding its presence across Europe and Latin America.
About BBVA Spark
BBVA Spark is a unit within BBVA that focuses on supporting businesses built on technology and innovation. It provides financial products and services tailored to companies at different stages of growth, from early ventures to established firms seeking expansion. BBVA Spark connects companies with investors, venture capital firms, and startup accelerators, in addition to providing access to banking professionals experienced in designing funding and cash management solutions.
With this new funding, Sesame HR is set to revolutionize the HR technology sector, expanding its international footprint and developing innovative products. This move also signifies a new era of financing structures in the European market, paving the way for other technology companies to grow sustainably and efficiently.
