Australia: Battery Ventures backs Melbourne HR-tech startup PageUp

FILE PHOTO: Trams pass by Melbourne's city skyline in Australia's second-largest city, June 13, 2017. REUTERS/Jason Reed/File Photo

Battery Ventures, a global investment firm, is making a significant investment in Melbourne-based PageUp, a developer of cloud-based enterprise talent management software. Financial terms of the investment are undisclosed. 

The transaction will see Battery General Partner Chelsea Stoner and Vice President Paul Morrissey join the PageUp board.  

Investment proceeds will be used on product research and development. Credit Suisse and UBS acted as financial advisers to PageUp.

The Battery investment also marks the culmination of partnership between PageUp and Accel-KKR, which made a strategic growth investment in PageUp in 2012.

The HR Software-as-a-Service (SaaS) firm,  founded in 1997 by Karen and Simon Cariss, has an international footprint in markets including the US, Asia and Europe. The firm claims it has seen growth in its US operations in excess of 60 per cent. 

The firm offers a fully integrated talent management suite, including recruitment, employee onboarding, performance management, learning and career development, and succession management.

PageUp software is delivered in 18 languages to more than eight million users in 190 countries. It caters to a broad cross-section of industries, including higher education, retail, mining, manufacturing, business and financial services, as well as not-for-profit organisations and government.

Large customers of the venture include Aldi Stores Australia, Myer, Downer EDI Ltd., Foxtel Management Group, TMF Group, Reserve Bank of Australia, Jollibee Foods Corporation, Medical University of South Carolina, Michigan State University, The Citadel, The Military College of South Carolina, Hong Kong Express.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.