Seek sells $95m stake in Employment Hero to buyout giant KKR

Tess BennettTechnology reporter

Feb 18, 2025 – 11.04am

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Seek’s venture capital fund has sold down its stake in Employment Hero to private equity giant KKR for $95 million and marked up the value of its portfolio of software businesses by $100 million to $2.2 billion.

Employment Hero is one of Australia’s fastest-growing privately owned software companies and one of the star performers in the Seek Growth Fund, which was spun out of the job platform in 2021.

Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter.