About Thera
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. Thera operates on a subscription-based model, providing 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 modern businesses.
New York City, New YorkHeadquarters
2021Year Founded
$3.9MTotal Funding
SEEDCompany Stage
Consulting, Enterprise SoftwareIndustries
11-50Employees
Risks
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.
Differentiation
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.
Upsides
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.
Funding
Total raised$3.89 M
Latest valuation$20.00 M
StageSEED