IntelliHR raises $4 million in pre-IPO funding to take its people management software global

After raising $4 million in a pre-initial public offering capital raise, Robert Bromage — managing director of data-driven people management software company intelliHR — says the next step is “telling the world we exist”.

IntelliHR, which launched in 2013, was founded by Bromage in an effort to bring data analytics and collection to the world of HR, with the software being able to gauge things such as employee sentiment as well as offer HR and people management automation.

“Before starting intelliHR I had built predictive data analytics models for performance and retention in companies over time, but most companies didn’t actually have the data I needed to analyse this performance,” Bromage told StartupSmart.

“So I started to turn it into a client-facing system which became intelliHR. It’s an analysis-first platform with people and performance management tools built in.”

IntelliHR plans to list on the Australian Stock Exchange (ASX) over the next few months and has received $4 million in pre-IPO funding from institutional and sophisticated investors to help the company prepare for the float. The raise is the first since its $2.1 million seed round and was oversubscribed as the company initially sought to raise just $2.2 million. Read more

Dominic Powell - Smart Company - 6 Nov 2017