Seattle farmworker payroll startup Ganaz acquired as CEO Hannah Freeman steps away
Ganaz, which provided payroll and HR technology for agricultural workers and employers since 2017, has been acquired by Beacon Holdings, a software acquirer serving traditional industries. The company had raised over $10 million in funding, with its last round in June 2021 valuing it at $26 million. Ganaz's platform included employee onboarding, training, communication tools, and a Mastercard payroll card for unbanked workers. Acquisition terms were not disclosed, and founder Hannah Freeman announced her departure from the company.
Key points
- Ganaz acquired by Beacon Holdings; terms undisclosed
- CEO Hannah Freeman stepping away from the company
- Platform provided payroll and HR tools for agricultural employers and workers
- Company had raised $10M+ since 2017 launch
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