Sesame HR, the Spanish leader in human resources management software, has signed a financing agreement of up to 50 million euros with BBVA Spark, the innovation and growth arm of the BBVA group. The investment will allow the company to accelerate its international expansion and strengthen the development of solutions based on artificial intelligence (AI) applied to people management. One of the targeted countries is Brazil, which is already using time tracking solutions that optimize businesses of different sizes.
The partnership also marks the launch of an innovative financial instrument on the European market, jointly developed by BBVA Spark and Sesame HR. The model was created to support technology companies with a SaaS (software as a service) model in their global expansion, allowing them to raise funds without diluting capital – an alternative to venture debt and equity financing.
Through this new formula, BBVA Spark will offer up to €50 million in financing, allowing companies like Sesame to invest in growth and customer acquisition without giving up resources intended for innovation and product improvement.
“This instrument represents a real revolution for the European technological ecosystem,” says Albert Soriano, CEO of Sesame. “This will allow us to expand internationally while continuing to invest in artificial intelligence applied to talent management.”
Miguel Ángel Alcalá, head of BBVA Spark in Spain, highlights that “BBVA Spark’s value proposition is to support high-growth companies that are transforming the economy through technology. With Sesame, we share a vision of sustainable, data-driven, people-centered growth. This agreement proves that another way of financing growth is possible.
With this model, BBVA Spark is able to monitor the evolution of the business in real time, guaranteeing Sesame an agile and efficient use of capital. The format is ideal for startups that need to accelerate their expansion without compromising control of the business, retaining their own resources for new developments and technological innovations.
International expansion and technological consolidation
Sesame will use this investment to equip its human resources platform with artificial intelligence, which automates tasks, improves the efficiency of internal processes and provides a smoother experience for managers and employees.
With more than 20 million euros in recurring annual revenue and more than 15,000 corporate clients, the company is also expanding its presence in Italy and Portugal, and accelerating its entry into strategic markets such as France and Germany.
Global presence and sustainable growth
Founded in Valencia, Spain, Sesame HR is a people management platform that centralizes HR operations, journey monitoring and performance. Currently, the company is present in more than 30 countries and has more than 500,000 active users.
Headquartered in Spain, Sesame is present on three continents: Europe (Portugal and Italy), South America (with consolidated operations in Brazil) and North America (with more than 1,000 customers in Mexico). With a global team of more than 350 professionals, the company continues its mission to transform people management through technology and artificial intelligence.
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