bambee

bambee

Courtesy of Bambee

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Bambee, a Los Angeles-based startup that takes care of human resources for small- and medium-sized businesses, has raised $30 million in new funding to scale up its HR tools and staff.

There are about 6 million small businesses in the U.S. with paid employees, and the vast majority of them—96%, according to Bambee founder and CEO Allan Jones—don’t have in-house HR services to address matters like hiring and anti-harassment training. That is the market Bambee is looking to serve.

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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.

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