PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid, and Tel Aviv.

PSG Equity

Sesame HR

Sesame HR is the Human Resources software that helps companies that want to automate their HR processes in a centralised and secure way, make business decisions with always up-to-date information and create the best experience for their employees.  It is a multi-device tool (computer, tablet and mobile) synchronised in real time, so that you can access all the information about your team always up to date, at any time and from anywhere, as it is stored securely in the cloud to prevent loss of important data. Sesame HR is designed to keep teams always connected, communicated and informed. That's why, for any change, request or incident, Sesame's notification system sends you an alert so you can resolve it on the spot. You can customise the configuration of the automations and choose which alerts you want to receive: when an employee is inactive, has not clocked in, has exceeded the number of hours worked, etc. It has a number of features designed to help HR professionals streamline tasks and empower teams in four areas. Within time management, the tool has a time tracking system that allows employees to clock in digitally and modify their clockings when there are errors, and for managers to manage requests and keep a legally valid record of their teams' working hours. It also includes clocking-in systems such as Face ID and can be integrated with other biometric systems. Other functionalities include time off management, organising shifts and work schedules, and keeping team overtime under control. In People we find functionalities such as recruitment, which helps companies to attract the best talent; task tracking, which allows you to track the tasks of employees and the profitability of their projects; document manager, with which you can store and organise the work documents of the team in a secure and accessible way; and HR reports, which allow you to collect all the information you need to make good decisions and also with legal validity when it comes to presenting them in inspections and audits.  In Talent and Culture there is Onboarding, which facilitates the management of the onboarding process for new employees; Surveys, which allows you to create and send surveys to employees in less than 5 minutes and receive feedback in real time; and Internal Communication, a tool that includes the option to send mass communications to the entire company and an HR chat, which connects your employees with the HR team instantly. Finally, in Administration we include Meeting Room Booking, to manage meeting spaces in the office and avoid overlaps; Payroll, which simplifies the distribution of employee pay slips; and Digital Signature, which is integrated into the documents of the Document Manager where necessary to request the signature of employees.

<div>Sesame HR offers an HR software suite covering areas of people management, talent and culture, time management, and HR-related utilities, primarily targeting companies with 10 to 2,000 employees. Sesame HR’s people management and talent-related products cover recruitment, HR reports, document management, task tracking, payroll reports, onboarding tools, employee surveys, performance evaluations, and internal communication channels. Its time management solutions include time tracking, shift management, time-off management, and overtime management. As of March 2022, Sesame HR operates in 30 countries and serves over 5,000 clients, including IKEA, Boston Scientific, Puma, and Stanley Black & Decker.</div>

Distributed workforces require new solutions for office operations, HR, payment, and more.

Remote Work Infrastructure

<div>
 
 Sesame HR offers an HR software suite covering areas of people management, talent and culture, time management, and HR-related utilities, primarily targeting companies with 10 to 2,000 employees. Sesame HR’s people management and talent-related products cover recruitment, HR reports, document management, task tracking, payroll reports, onboarding tools, employee surveys, performance evaluations, and internal communication channels. Its time management solutions include time tracking, shift management, time-off management, and overtime management. As of March 2022, Sesame HR operates in 30 countries and serves over 5,000 clients, including IKEA, Boston Scientific, Puma, and Stanley Black & Decker.
 
 
 In
 <a href="https://sp-edge.com/updates/9197?industryIds=15">
 
 March 2022
 </a>
 , Sesame HR raised EUR 10 million (approx. USD 11.1 million) in a Series A funding round led by PSG, a growth equity firm focusing on middle-market software and technology-enabled services companies. PSG is expected to support Sesame's geographical expansion by leveraging its presence and expertise in operating across Europe and the US. The fresh funds were allocated to enhance its offering by introducing deeper integrations with third-party tools and introducing new AI technologies to its people analytics solutions to improve personalization. The company also plans to expand its team of 90 employees significantly in 2022.
 
 
 
</div>

Blueboard is a company working on employee rewards and recognition systems for employee engagement. The company was founded in 2014 and employs a staff of 150+ as of February 2022. The company recorded revenue of USD 13 million in 2019, reflecting a compound annual growth rate (CAGR) of approximately 80% since 2017.As of February 2022, Blueboard serves more than 300 enterprise clients spanning over 70 countries. The platform is used by companies such as Ubisoft, Pinterest, and Otis.In September 2020, Blueboard raised USD 9.3 million in Series A funding led by Origin Ventures. The funds will be used for the company's plans to enter new markets, enhance functionality to serve enterprise clients, and boost hiring for its engineering team, which is expected to double over the next six months.

Blueboard

<div>
 
 ActivTrak is a cloud-based productivity monitoring software provider. The platform offers data and analytics which can be used to detect workplace productivity gaps. The platform collects data from employee activity logs and computer screenshots. ActivTrak also facilitates a range of tasks for admins such as blocking websites, flagging suspicious activities, IP address connections, and monitoring web, and app traffic.
 
 
 The company claims it has grown more than 200% since March 2019, with a 60% increase in year-over-year (YoY) annual recurring revenue (ARR) from January 2019 to January 2020. The company operates a subscription model which includes a freemium plan and paid plans starting at USD 7.2 per user per month. As of April 2021 the company has over 8,000 customers and more than 250,000 users on its freemium plan across more than 90 countries. 
 
 
 In November 2020, ActivTrak raised USD 50 million in a Series B round led by Sapphire Ventures with participation from Elsewhere Partners. Sapphire Ventures CEO and managing director joined ActivTrak’s board as part of the deal. The new proceeds were earmarked for scaling global sales and marketing campaigns, expansion of its platform using artificial intelligence (AI) driven analytics, and improving integration with its technology partners.
 
 
 
 
 
 
 
</div>

ActivTrak

<div>
 
 inFeedo is a people predictive analytics company based in India. The Y Combinator-backed startup founded in 2013 is currently focused on “Amber” (launched in 2016), an artificial intelligence (AI) enabled bot that helps manage employee engagement, predict attrition, and get a pulse on company culture in real time. 
 
 
 The company claims it has achieved annual revenue of USD 1.6 million as of November 2020, with more than 175 customers and 300,000+ users across 60 countries as of March 2022. Its clients include GE Healthcare, Puma, Tata Group, and Lenovo.
 
 
 In its latest funding round (
 <a href="https://sp-edge.com/updates/9099">
 March 2022
 </a>
 ). inFeedo raised USD 12 million in Series A funding led by Jungle Ventures, reportedly tripling its valuation from less than 18 months ago. The fresh funds will be used for its second employee stock ownership plan (ESOP) buyback for all employees and its go-to-market activities in North America. In the next two years, the company planned to triple its product line, quadruple revenue, and double its team. As of March 2022, inFeedo was hiring for 140 remote roles across multiple functions in Southeast Asia, India, and the US.
 
</div>

inFeedo

<div>
 
 Donut provides solutions to keep employees engaged with casual conversations. Its first product, Intros, makes connections between teammates via Slack to emulate quick meetups and in-person introductions at work, which are now virtual. 
 
 
 Donut’s new product, Watercooler, launched in October 2020. It attempts to reinvent the micro-interactions between employees at the office watercooler online. The product will integrate with Slack, where a newly-designated channel for Watercooler will be created. The product will post questions automatically within the customers’ desired frequency and pre-selected topics.
 
 
 The company claims it has supported four million connections (one million since the Covid-19 pandemic) across its 12,000 customers, including companies such as Okta, Zapier, Slack, The New York Times, and Invision.
 
 
 Donut announced a USD 12 million funding round along with its new product, Watercooler. The funding was led by Accel, with participation from Bloomberg Beta, FirstMark, Slack Fund, and multiple angel investors. The company uses a freemium subscription model with paid plans starting at approximately USD 2 per user per month.
 
 
 The company announced that the USD 12 million raised, which was accumulated over multiple rounds before the Covid-19 pandemic, will be used for product development.
 
 
 
</div>

Donut

<div>
 
 Matter is an employee feedback platform founded by Brett Hellman. Hellman was the founder of messaging app &ldquo;Hall&rdquo;, which was founded in 2011 and later sold to Atlassian for USD 20 million in 2015.
 
 
 Matter uses 360-degree feedback to evaluate skills in employees which are linked to career success. The platform links skills such as influence, inclusiveness, empathy, resourcefulness, and multitasking to evaluations. Matter is currently available in beta.
 
</div>

Matter

Solutions in this industry hub are predominantly offered under a B2B SaaS model

Employee and performance management solutions use AI/Ml to infer engagement insights and sentiment analysis

Offers tools for companies to hire contractors globally, and conduct employee and performance management

Companies that offer the entire spectrum of HR tools including payroll processing benefits, onboarding, compliance, analytics, scheduling etc

Sesame HR

Remote Work Infrastructure

Key stats

Recent Updates

Spanish HR software provider Sesame HR raises EUR 10 million in Series A funding

Company Brief

Funding

Investors

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless