At A$300M ARR, AI-Powered Employment Hero Enters Next Phase as SEEK Growth Fund Launches Stake Sale

SYDNEY, Australia – February 17, 2026

Employment Hero, a global AI-powered employment operating system, and SEEK Investments, manager of the SEEK Growth Fund, today announced that the Fund has launched a process to divest its stake in the business.

Employment Hero recently surpassed A$300 million in annual recurring revenue and continues to sustain growth above 30% while expanding margins across Australia, Canada, the UK and other international markets. The platform now supports more than 350,000 businesses globally and facilitates over $120 billion in annual payments.

As artificial intelligence reshapes enterprise software, Employment Hero is embedding agentic AI directly into complex, regulated employment workflows. This marks a shift from workflow support to autonomous execution at scale.

Ben Thompson, CEO and Co-Founder of Employment Hero, said:

“Employment Hero is entering its next chapter from a position of strength, supported by sustained international demand, as we continue disciplined global expansion and build the AI infrastructure that powers employment.

We are proud to have delivered exceptional returns for SEEK Investments over the past eight years and value their partnership and support. As we move forward, our focus remains clear: scaling globally, creating long-term shareholder value, and advancing our mission to make employment more valuable and easier for everyone.”

SEEK Investments has supported Employment Hero since 2017, participating in multiple funding rounds.

Andrew Bassat, Executive Chairman and CEO of SEEK Investments, said:

“Employment Hero has been a standout investment for the SEEK Growth Fund. We remain confident in Employment Hero’s strategy and long-term outlook; however, now is the appropriate time for the Fund to commence a sale process.”

Media contact

Marina Holmes
Global Head of Communications, Employment Hero marina.holmes@employmenthero.com

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About Employment Hero

Employment Hero is the global authority on employment, offering a world-leading Employment Operating System (eOS) that simplifies and optimises every stage of the employment process. Its award-winning platform combines HR, payroll, recruitment, and employee engagement tools with the groundbreaking employment superapp, EH Work, which integrates career management and financial wellbeing. Serving over 350,000 businesses and managing more than 2.5 million employees worldwide, Employment Hero reduces administrative burdens by up to 80%, enabling organisations to focus on their goals and create more productive, engaged teams. By revolutionising the employment marketplace, Employment Hero is making employment easier, more valuable, and rewarding for everyone.

About SEEK Investments

SEEK Investments is the manager of the SEEK Growth Fund a long-term investor and business builder currently focused on Human Capital Management. The Fund includes a portfolio of high-growth HCM businesses across work and learning. SEEK Investments builds upon its team’s 100+ years of experience in investing and operating high growth technology businesses. The Fund has assets under management of over A$2 billion.