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, an information company, from Coral Capital, a venture capital firm, for $96m. “SmartHR is dedicated to transforming how Japanese enterprises manage and support their people. The Company has prioritized execution and agility to develop a fully digital, highly scalable platform that addresses mission-critical HR needs for its customers. With the Japanese market still early in its adoption of cloud software solutions, we believe SmartHR has significant opportunity to capture the long-term trend towards digitization. On a wider scale, we are energized by the new wave of talented founders and technological innovation in Japan and look forward to supporting the country’s exciting entrepreneurial ecosystem,” Martín Escobari, General Atlantic Co-President and Head of Global Growth Equity.