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Employment Hero founder and chief Ben Thompson. Source: supplied. Cloud-based HR startup Employment Hero is on its way to becoming the next Aussie unicorn, after it secured a whopping $140 million in Series E funding. The funding came from US-based Insight Partners, which is showing increasing interest in the tech scene down under. It also more than tripled the startup’s valuation, bringing it up from $250 million three months ago to a hefty $800 million today. According to founder and chief Ben Thompson, that number’s only going up. What is Employment Hero? Founded in 2014 by Ben Thompson and Dave Tong, Employment Hero is a HR, payroll and employee benefit platform designed to help SMEs manage their workforce and boost productivity. The team claims the platform can reduce time spent on admin by up to 80%.

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