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About Thera
Industries
Consulting
Enterprise Software
Company Size
11-50
Company Stage
Seed
Total Funding
$3.9M
Headquarters
New York City, New York
Founded
2021
Overview
Thera offers an HR solution tailored for remote and distributed workforces, focusing on startups and small to medium-sized enterprises (SMEs). Its platform includes services like payroll management, employee onboarding, compliance, and benefits administration, with a unique feature that helps employees pay off student loans to reduce turnover. Operating on a subscription-based model, Thera provides a steady revenue stream while continuously improving its offerings. The company's goal is to enhance employee satisfaction and retention by simplifying HR management for businesses with distributed teams.
Simplify's Take
What believers are saying
- Thera raised $4 million in seed funding to accelerate growth and platform development.
- The rise of remote work increases demand for Thera's international payroll and compliance solutions.
- Thera's integration of AI-driven analytics enhances decision-making and operational efficiency.
What critics are saying
- Thera faces increased competition from established HR tech companies like Gusto and Rippling.
- Potential regulatory challenges in international markets could lead to compliance issues.
- Economic downturns may reduce spending by startups and SMEs on HR solutions.
What makes Thera unique
- Thera offers a comprehensive HR solution tailored for remote and distributed workforces.
- The platform includes unique features like student loan repayment assistance for employees.
- Thera's subscription model ensures continuous updates and improvements to its services.
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Funding
Total Funding
$3.9M
Above
Industry Average
Funded Over
1 Rounds
Y CombinatorIndustry standards
Growth & Insights and Company News
6 month growth
↓ -22%1 year growth
↓ -22%2 year growth
↓ -22%Thera, a leading payroll and payments platform, has announced that it has raised a $4 million Seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital.
Thera, a NYC-based payroll and payments platform, raised a $4m Seed funding round
Thera Scores $4M Seed Financing Round Back to HomeNEW YORK, NY, Thera, a leading payroll and payments platform, has announced that it has raised a $4 million Seed round.Thera has announced that it has raised a $4 million Seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital. Notable angels in the round include Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon, and Bobby Matson. The company will use the funds to accelerate its growth by further developing its platform and expanding its team in New York City.Thera is the ecosystem of apps built for global teams: payroll, treasury, AP/AR. With Thera, companies can manage all their financial operations from one platform at the best rates on the market. Thera powers hundreds of businesses' financial operations, as thousands of workers rely on Thera for payroll every month. The company was founded in 2022 by Akhil Reddy, a former Amazon engineer who architected several systems powering Amazon Prime.(c) by Massinvestor, Inc
Today, Thera announced it has raised $4 million in seed funding from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital, as well as angel investors Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon, and Bobby Matson.
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About Thera
Industries
Consulting
Enterprise Software
Company Size
11-50
Company Stage
Seed
Total Funding
$3.9M
Headquarters
New York City, New York
Founded
2021
There are no jobs for Thera right now.
Find jobs on Simplify and start your career today