Bruce Mackenzie founded Humanforce in Sydney in 2002. The software helped employers roster staff, track hours and feed payroll. For years the company had no outside money, and meeting payroll every fortnight was a constant pressure.
About 14 years in, around 2016, the company moved from licensed software to SaaS. That brought rostering, time and payroll data into one tool for shift-based employers.
In January 2019 Accel-KKR put A$22.5 million into Humanforce, which had grown about 40% a year for five years. Before the roadshow to 11 venture capital firms, Mackenzie practised his pitch on investors he did not expect to back him.
A second Accel-KKR investment came in May 2022. In 2023 Humanforce acquired intelliHR for over A$77 million and took on Wagestream's Australian operations.