Humi raises $31 million

Humi, the Canadian all-in-one HR platform that provides thousands of businesses with HR, payroll, insurance, and benefits solutions, announced $31 million CAD in financing. The raise was led by Kensington Capital Partners, with participation from Tribe Capital, Struck Capital, Telus Ventures, Flex Capital, as well as Mike Dinsdale, former CFO of Gusto, and Rodney Dobson, former President of ADP Canada & UK.

Founded in 2016, Humi HR has another insurance angle beyond medical, life, vision, and dental insurance. The startup offers a variety of business insurance coverages such as general liability, cyber, and D&O.

“Since the beginning, Humi’s mission has been to make the lives of businesses and its employees easier. The way Canadian employers and employees operate has changed drastically over the past two years, and without the right technology, this change is next to impossible for companies to keep up with. Humi is proud to support Canadian businesses through this continued workplace evolution and enable further adoption of an employee-first approach to driving success.” – Simon Bourgeois, co-founder and CEO of Humi.

“I’ve spent significant time and energy focused on the HR software industry, and have been impressed to see how Humi is solving unique challenges in this space through it’s innovative technology. We are still in the early innings of watching the HR software landscape evolve, and I’m excited to help unlock additional value for both business and their employees with my investment in Humi.” – Mike Dinsdale, former CFO at Gusto.

Bottom Line: When it comes to insurance, the process to get a quote isn’t digital, and “Humi’s business insurance product is licensed under Humi inc.”