Our client, MacX3 Investments Limited has invested in a fundraising round in Clare-based HR software company HRLocker. €2 million was raised to fuel its growth in the coming months and allow it to move into new markets.
We were delighted to advise MacX3 Investments Limited and Hugh O’Donnell in this investment. MacX3 Investments Limited is an investment firm committed to sustainable development of high potential start-up companies in various sectors. HRLocker, founded in 2014, currently employs 50 people and offers a HR software solution that manages the entire employee lifecycle, including GDPR-compliant employee databases, time & attendance management, Applicant Tracking, performance management, HR Reporting and Preliminary Payroll Reporting. The system has 45,000 daily users and more than 700 customers. Prior to the funding round, the company was valued at €8 million.
“Holmes played a leading role in delivering this investment, not just in supporting the corporate finance deal structure, but also in charting the future governance roadmap in HRLocker’s growing SaaS business.”
Hugh O'Donnell, MacX3 Investments Limited
We would like to wish both teams the best of luck for the future.