General Atlantic completed the acquisition of a minority stake in SmartHR from Coral Capital for $96m.

General Atlantic, a global growth equity firm, completed the acquisition of a minority stake in SmartHR, a cloud-native human resources management platform, from Coral Capital, an ecosystem venture capital firm, for $96m. “We are extremely pleased to welcome General Atlantic as our new strategic partner. Backed by their extensive global experience and demonstrated history of scaling HR software businesses, we are confident that they will be a powerful force in accelerating our next stage of growth. Through this partnership, we will continue to drive greater corporate productivity and help create more inclusive and fulfilling workplaces for everyone," Masato Serizawa, SmartHR CEO and Board Director.