This Month
Court says Seek can’t kick Employment Hero off platform, for now
The billion-dollar human resources start-up has alleged it was being unfairly targeted by the ASX-listed giant, which is both an investor and competitor.
Seek’s Employment Hero spat shows the disruptor is becoming disrupted
The ASX-listed recruitment platform is facing the same sort of challenge it once posed to newspapers. Can it stave off a billion-dollar start-up?
Employment Hero sues Seek, an investor and rival, over platform access
The fast-growing human resources start-up is now valued at $2 billion and has been increasingly competing with the recruitment platform, which remains a backer.
February
Seek sells $95m stake in Employment Hero to buyout giant KKR
The fast-growing human resources and payroll software group is one of the star performers in a venture capital fund spun out of the jobs platform in 2021.
Employment Hero hits profitability, but steers clear of listing plans
In an interview, the billion-dollar start-up’s chief executive, Ben Thompson, defended the company’s culture and described why he looked up to Elon Musk.
January
Employment Hero makes $112m acquisition to break into Canada
Like the Australian software start-up, Humi makes cloud-based software which handles hiring, payroll and employee benefits for small and mid-sized businesses.
December 2024
‘Unicorn’ tech firm spent $43m to buy its founder’s other company
Heavily backed HR technology firm Employment Hero paid $43.4 million for a company owned by its co-founder Ben Thompson, a new regulatory filing has revealed.
October 2024
Chanticleer’s 10 legends of marvellous Melbourne
Melbourne has always been Chanticleer’s spiritual home. As part of the column’s 50-year celebrations, we name 10 big characters from the past five decades.
September 2024
Albo keeps it in the family at the AFL commissioner’s lunch
You can’t buy a ticket to Aussie rules’ most exclusive grand final function, so there are few better tests of relevance than trying to score an invitation.
April 2024
‘What Paula wants, Paula gets’: Lindsay Fox’s $152m birthday surprise
A high-profile birthday singalong broke out on billionaire Lindsay Fox’s birthday at the official opening of new $152 million Paula Fox Melanoma and Cancer Centre in Melbourne on Friday.
March 2024
Break or breakthrough: the red flags at Victoria’s VC fund
Breakthrough Victoria was formed after its now-chairman, John Brumby, called for the establishment of such a fund.
February 2024
Broker pressures Seek to unlock VC fund’s $2.3b valuation
Analysts from Morgan Stanley argue the job classifieds site and VC investor should make major changes to maximise shareholders’ perception of its value.
October 2023
Embattled Richard Goyder farewells Gil McLachlan. Again
You know you’ve drawn a power crowd when not only doesn’t the prime minister get to speak, but his presence rates only a passing mention.
April 2023
Bizoids bust out the tartan at court of Fox
The trucking tycoon turned 86 on Wednesday, and marked the day as extravagantly as any self-respecting billionaire could be expected to.
February 2022
New Aussie ‘unicorn’: Employment Hero scales $1.25b
After eight years building a globally successful HR, payroll and benefits platform, Employment Hero has cracked the billion-dollar valuation, raising $181m.
October 2021
GS handles $48m SEEK stake for Andrew Bassat
There was some surprising selldown news out of SEEK Ltd on Thursday.
September 2021
Top tips for success gleaned from leaders over 21 years of BOSS
Take time to think, learn to read people, document your week and keep learning are among the pieces of advice from Australia’s most successful business leaders.
July 2021
Brisbane’s Go1 becomes Australia’s newest ‘unicorn’ with mega-raise
The online training marketplace, founded by four former high school friends in 2015, is now worth more than $US1 billion after raising $US200 million.
March 2021
Andrew Bassat’s billion-dollar plan for VC dominance
The Seek co-founder is stepping back from the demands of running a publicly listed company to lean into his plans to make its venture capital arm, Seek Investments, a billion-dollar giant.
HR tech firm raises $45m amid remote working boom
Employment Hero has been valued at more than $250 million after a new funding round led by SEEK. It accelerated its international expansion in the pandemic.