About HR SaaS sector in Europe
The HR SaaS sector in Europe comprises 7.16K companies, including 1.31K funded companies having collectively raised $12.7B in venture capital money and private equity. Out of these, 683 are Series A+ funded, and 13 have achieved unicorn status.
HR SaaS sector in Europe has seen 388 acquisitions and 87 IPOs. This represents almost 6.6% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies offering cloud-based solutions for HR professionals to manage their employees and day to day work.
Companies included in HR SaaS
Cloud-based HRMS, Payroll, Employee Engagement, Job Boards, Marketplaces, Performance Management Tools, other HR-related softwareCompanies excluded in HR SaaS
Non-Cloud-based HR Solutions, Generic Cloud Infra Solution, Services CompaniesTop HR SaaS Companies in Europe
There are more than 7.16K companies in HR SaaS in Europe. Remote is the top HR SaaS company in Europe, ranked using Tracxn Score (what's this?).
Here are 5 of the top HR SaaS companies in Europe:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Cloud-based HR software for distributed teams | Amsterdam (Netherlands) | 2019 | Series C | $506M | |
Work tech company offering meal and gift vouchers for employees | Paris (France) | 2016 | Series D | $328M | |
Cloud-based HRMS platform for SMBs | Munich (Germany) | 2015 | Series E | $772M | |
Cloud-based platform for on-demand staffing | Madrid (Spain) | 2008 | Series F | $1B | |
Cloud based HRMS software for SMBs | Barcelona (Spain) | 2016 | Series C | $300M |
Companies founded year-on-year in the HR SaaS sector in Europe
579 HR SaaS startups in Europe were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 51 |
2024 | 162 |
2023 | 293 |
2022 | 296 |
2021 | 413 |
2020 | 579 |
2019 | 537 |
2018 | 439 |
2017 | 409 |
Stage-wise distribution of HR SaaS sector companies in Europe
Out of the total 7,159 HR SaaS companies in Europe, 1,312 have secured funding. Among them, 683 have reached Series A or higher, and 553 to Series B or beyond.
Founded - 7,159
Funded - 1,312
Series A+ - 683
Series B+ - 553
Series C+ - 513
Company Stage | No. of companies |
|---|---|
Founded | 7,159 |
Funded | 1,312 |
Series A+ | 683 |
Series B+ | 553 |
Series C+ | 513 |
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Funding Trends in the HR SaaS sector in Europe
Total funding year-on-year in the HR SaaS sector in Europe
The HR SaaS sector in Europe saw a total funding of more than $12.2B in the last 10 years. The most amount of funding was in 2021 at more than $4.06B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $784M |
2024 | $593M |
2023 | $389M |
2022 | $3.12B |
2021 | $4.06B |
2020 | $1.09B |
2019 | $970M |
2018 | $580M |
2017 | $284M |
Recent Funding Rounds in HR SaaS in Europe
In the year 2025, till December 2025, HR SaaS companies in Europe have raised $549M in equity funding across 63 rounds.
In the same period last year (i.e. till December 2024), HR SaaS companies in Europe had raised $450M across 84 rounds.
So, 2025 has seen a 22.01% rise in funding in HR SaaS companies in Europe as compared to 2024.
Here are some recent, important funding rounds in HR SaaS companies in Europe:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 6178 | Dec 04, 2025 | ||
Series A | 3064 | Dec 02, 2025 | ||
Seed | 8236 | Nov 28, 2025 | ||
Seed | 3723 | Nov 28, 2025 | ||
Series A | 8995 | Nov 20, 2025 |
Top Investors in HR SaaS in Europe
Europa is the top investor in HR SaaS companies in Europe based on number of companies invested.
Here are some top investors in HR SaaS companies in Europe:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Cambridge (United States) | ||
London (United Kingdom) | ||
Redwood City (United States) | - |
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M&A activity in HR SaaS sector in Europe
In the year 2025, till December 2025, 37 acquisitions happened in HR SaaS sector in Europe. Last year, in 2024, a total of 50 acquisitions happened in HR SaaS sector in Europe.
Here are some recent, important acquisitions in HR SaaS sector in Europe:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 10, 2025 | ||
Business Acquisition | Dec 10, 2025 | ||
Business Acquisition | Nov 26, 2025 | ||
Business Acquisition | Nov 19, 2025 | ||
Business Acquisition | Oct 24, 2025 |
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Acquisition trends in HR SaaS sector in Europe
Here are the acquisition trends in HR SaaS sector in Europe:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 37 |
2024 | 50 |
2023 | 47 |
2022 | 59 |
2021 | 54 |
2020 | 33 |
2019 | 35 |
2018 | 13 |
2017 | 16 |
IPOs in HR SaaS in Europe
In the year 2021, till March 2021, 1 IPO happened in HR SaaS sector in Europe.
Here are some recent, important IPOs in HR SaaS sector in Europe:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Mar 29, 2021 | London Stock Exchange (LSE) | |
Jun 02, 2020 | OTC Markets (OTCMKTS) | |
Jun 30, 2017 | Tokyo Stock Exchange (TSE) | |
Oct 03, 2011 | Euronext Exchange (Euronext) | |
Jan 22, 2010 | London Stock Exchange (LSE) |
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Colleges which produce the most HR SaaS companies in Europe
Companies founded by alumni from top colleges in the HR SaaS in Europe
Most number of HR SaaS startups in Europe have been founded by alumni from University of Oxford, University of Cambridge and HEC Paris.
College | No. of companies |
|---|---|
University of Oxford | 33 |
University of Cambridge | 32 |
HEC Paris | 21 |
London School of Economics and Political Science | 14 |
Imperial College London | 11 |
University College London | 11 |
Harvard University | 10 |
University of Manchester | 10 |
INSEAD | 9 |
London Business School (LBS) | 8 |
Total funding in HR SaaS companies founded by alumni from top colleges in Europe
In the last 10 years, NYU Stern School of Business and Technical University of Munich graduates' HR SaaS companies in Europe have raised the most funding among top colleges, and University of Amsterdam alumni are third.
College | Total Funding |
|---|---|
NYU Stern School of Business | $751M |
Technical University of Munich | $751M |
University of Amsterdam | $506M |
University of Oxford | $496M |
University of Cambridge | $262M |
University of Warwick | $228M |
Carnegie Mellon University | $157M |
University of Manchester | $135M |
University College London | $134M |
HEC Paris | $119M |
Top News in HR SaaS in Europe
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Mango uses digital tools to assess and improve working conditions in its supply chainFashionUnited•Oct 23, 2025•Mango, QuizRR
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EcoOnline Launches Digital Permit-to-Work for Enhanced Safety GloballyManufacturing Management•Oct 22, 2025•EcoOnline
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Employers Health Network and Mind Match Announce Strategic PartnershipBusiness Wire•Oct 07, 2025•Employers Health Network, MindMatch
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