Led by esteemed New York venture capital firm Point 72 Ventures, Flare HR has just closed a Series B round of $21 million to strengthen domestic growth and become the Australian market leader.
Flare aims to transform the engagement of employees and empower them to take ownership of their financial well-being. With their people-first mindset, Flare has set about streamlining the employee on-boarding process and producing integrated, real time payroll solutions. They also improve the finances of employees by providing education, discounts and tools, so that they are more equipped to make informed decisions about superannuation, insurance, car leasing etc.
The addition of Point 72 Ventures to their investor community is a wonderful vote of confidence for Flare’s vision and future, and we are thrilled to also continue the journey with Dan, James and the team!