SaaS Startup Bambee Raises $15M as Small Businesses Navigate HR During Tough Times

Francesca Billington

Francesca Billington is a freelance reporter. Prior to that, she was a general assignment reporter for dot.LA and has also reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. She graduated from Princeton in 2019 with a degree in anthropology.

SaaS Startup Bambee Raises $15M as Small Businesses Navigate HR During Tough Times
Photo by Scott Graham on Unsplash

Bambee, the L.A. startup offering HR services for $99 a month, has seen a boom in sales from small businesses struggling during the pandemic. On Thursday, the company announced it closed a $15 million Series B round led by QED Investors.

Between January and July of this year, Bambee's customer base grew by five times, as more companies hire HR to help navigate furloughs and PPP loans.

"Small businesses didn't know if they were allowed to be open, if they were supposed to be doing screening measures for their employees, if they were liable if someone got COVID," said Bambee's CEO Allan Jones, a former ZipRecruiter executive.

Bambee CEO Allan Jones

Bambee CEO Allan Jones

"We thought there was a void before the pandemic. It was magnified very clearly afterward."

Founded in 2016, Bambee connects clients with managers who can lead tasks such as hires and internal investigations. Jones said his customers span a range of industries from food and beverage to nursing homes.

"The response across the industry has been almost equal in interest. You've got an entire army of the Fortune 500 level focused on making sure the relationship between employee and employer is good," he said, adding that Bambee has few other competitors in for the majority of the businesses they target.

Since March, the company said 10.8% of new clients have been business owners launching companies mid-pandemic. Bambee will use the boost to expand its service offerings.

Alpha Edison and Mucker Capital also participated in the round, which brings the company's total funding to $32 million.

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Lime Piloting New Electric Motorbike in Long Beach

Kristin Snyder

Kristin Snyder is an editorial intern for She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Lime Piloting New Electric Motorbike in Long Beach
Courtesy of Lime

Lime is piloting a new electric motorbike in Long Beach.

The San Francisco-based micromobility company is testing its latest lightweight electric vehicle, known as the Citra, on the streets of Long Beach, The Verge reported Tuesday. Lime plans to pilot several hundred of the motorbikes throughout the city and could potentially roll out up to 500 of the vehicles if rider demand is strong, a spokesperson told the tech news outlet.

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Invoca Hits Unicorn Status With $83M Silver Lake-Led Funding Round

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

Invoca Hits Unicorn Status With $83M Silver Lake-Led Funding Round
Photo by CDC on Unsplash
Invoca, a Santa Barbara-based AI software platform that analyzes customer service calls for sales and marketing teams, is now a unicorn.
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JLL Spark’s Laurent Grill on Investing in Proptech’s Evolution

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
JLL Spark’s Laurent Grill on Investing in Proptech’s Evolution
Courtesy of Laurent Grill

On this episode of the LA Venture podcast, JLL Spark’s Laurent Grill talks about the world of proptech, COVID’s impact on the office and lowering buildings’ emissions.

Grill joined JLL Spark, the investment arm of global commercial real estate company JLL, over a year ago. The firm focuses on Series A and B investments of between $2 million and $10 million in a wide range of areas in real estate technology, including smart buildings, construction tech and tenant experience platforms — all of which have become more relevant in a post-pandemic world.

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