Aug 13, 2026 – 4.00pmBids lodged to buy a stake in human resources software unicorn Employment Hero from Seek’s venture capital Growth Fund indicate the company has retained its multibillion-dollar valuation, despite the SaaSpocalypse battering the price tags of publicly listed technology companies.This would be a welcome signal for Seek, which on Tuesday announced plans to return funds to shareholders from a sale of $1 billion worth of its start-up portfolio. Its shares have slumped 41 per cent so far this year.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Bids for unicorn Employment Hero test $2b value in Seek sell-off
Seek is selling stakes in some of Australia’s best-known start-ups including Employment Hero, Go1 and Sonder, with bids for Employment Hero already lodged.
TL;DRAI
Employment Hero retains $2 billion valuation as Seek exits $1 billion portfolio stake; bidders confirm late-stage SaaS stays firm. For tech leaders: private startup multiples resist pressure—key for M&A planning and founder expectations.
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