palm.hr closes $5 million pre-Series A round

palm.hr closes $5 million pre-Series A round

Press release:

palm.hr, a Saudi Arabia-headquartered HR tech platform has announced the completion of a $5 million Pre-Series A round co-led by Speedinvest and RAED Ventures. With more than €1 billion AuM, Speedinvest is one of Europe’s most active early-stage investors and this marks its entry into Saudi Arabia. This round also saw participation from MENA-focused VC firm  Wamda Capital.  Launched in 2019, palm.hr was founded by Richard Schrems, Christoph Czichna and Dragan Nikolic.