HR MarketWatch Podcast: How Has COVID Impacted the Independent Workforce?
Look at the latest data on the independent workforce, aka the contingent workforce, with WorkTech founder George LaRocque. An already rising trend, its adoption has been accelerated by COVID like so many things. About half of the US workforce is currently or has...
Meet the 7 New Work Tech Unicorns Minted by VC in Q1
Along with the record-setting amount of VC that was invested in work tech during Q1, seven new unicorns were minted based on reaching valuations of $1 billion or more. Three of the seven unicorns provide different approaches to addressing mental wellness in the...
Seven Unicorns and $2.7 Billion: Global WorkTech’s Biggest Ever Quarter of VC Investment
GET THE FREE REPORT NOW Work tech saw its biggest VC quarter ever in q1 2021 with $2.7B invested globally across 91 deals in 16 countries. The full report is available to WorkTech Market Insiders, Members, and subscribers. Meet the seven new work tech unicornsSee the...
Firstbase Raises $13 Million for Remote Workforce Infrastructure
Firstbase announced a $13 million Series A round of venture capital for its remote workforce infrastructure app, bringing its total raised to $15.1 million. Its software platform helps companies set up, manage, maintain and retrieve all physical equipment remote...
Israel-based Connecteam Raises USD $37 Million for Deskless Workforce Management
Connecteam announced a $37 million Series B round of venture capital for its workforce management app for deskless workers. This brings its total raised to $38 million. Founded in 2016, Connecteam’s 10,000-plus global customers span 60 countries. During 2020, the...
HCM
France-based PeopleSpheres Raises USD $10 Million for HR Platform as a Service
France-based PeopleSpheres announced a $10 million round of venture capital for its Platform as a Service (PaaS) solutions focused on integrating existing HR tech into a flexible and extendable platform. PaaS is an architecture in cloud computing that provides a...
Israel-based Connecteam Raises USD $37 Million for Deskless Workforce Management
Connecteam announced a $37 million Series B round of venture capital for its workforce management app for deskless workers. This brings its total raised to $38 million. Founded in 2016, Connecteam’s 10,000-plus global customers span 60 countries. During 2020, the...
Wage Raises $5M for Consumer-focused Payroll API, Where Fintech meets Worktech
Wage announced a $5 million Seed round of venture capital funding for its payroll data API. Wage hopes to empower employees' lives with streamlined access to verified payroll and employment data giving them more control of their financial profile and gaining more...
Germany-based BRYTER Raises $66 Million for Enterprise No-code Platform and Eyes US Expansion and Work Tech
Germany-based Bryter announced a USD $66 million Series B round of venture capital for its no-code enterprise platform, bringing its total raised to $89 million. Low-code no-code has been an emerging trend over the last three years. 2021 looks to be the year with a...
TREND NOTE: Happify Health Raises $73 Million for Digital Health Focused on Mental Wellness
Happify Health announced a $73 million Series D round of venture capital for its digital health platform, focusing on mental wellness. This brings its total raised to $118.7 million. Employee mental wellness is one of the hottest global work tech trends in the market....
Ease Raises $41M for Benefits Administration and HRIS for Small Businesses
Ease announced a $41 million Series C round of venture capital for its employee benefits administration and HRIS for small businesses. This brings its total raised to $70 million. The SMB is a large market segment for HR-focused tech. With a focus on the smallest...
Talent Acquisition
Utmost Raises $21 Million to Become the Vendor Management System for Workday Customers but The Market Needs More Than That
Utmost announced a $21 million Series B round of VC for its vendor management system (VMS). This brings its total raised to $32.2 million. There's a renewed focus on the independent (aka contingent) workforce in the work tech market. Like many trends that were...
Arc Crowdsourced $1M for Its Job Board Marketplace Focused on Remote Developers
Arc announced a crowdsourcing round of $1 million for its job board marketplace focused on remote developers. Arc has several of the elements of the emerging modern job board marketplace: Specialization: Remote developersValue add: Skills certification for developers,...
Creatively Raises $5 Million for Its Job Board Marketplace for Creatives and Aims to be LinkedIn for the Creative World
Creatively announced a $5 million Seed round of venture capital for its job board marketplace focused on creative talent. Launched in 2020, during the pandemic, Creatively has seen some initial growth. More than 125,000 creatives and 650 plus brands already have...
Estonia-based RecruitLab Raises USD $362K for New Middle-Market Recruiting Platform
Estonia-based Recruitlab announced a USD $362K Seed round of VC funding for its recruiting platform targeting the middle market. The platform claims to include applicant tracking, recruitment marketing, and analytics. Recruitlab is attempting to market to both...
Estonia-based VideoCV Raises USD $496K for Video Recruiting Tech
Estonia-based VideoCV announced a USD $496K Pre-seed round of venture capital for its video recruiting tech. A quick review of its website and founder interviews supporting its funding announcement reads like a new version of the 1980s music hit from The Buggles,...
EXCLUSIVE INTERVIEW: Jobvite, JazzHR, and NXTThing RPO Join Forces with New SMB and Recruiting RPO Service Provider Offerings
Meet Aman Brar, CEO of jobvite, Terry Terhark CEO of Nxtthing RPO, and Pete Lamson CEO of JazzHR as they announce their merger in an exclusive interview with industry analysts Madeline Laurano of Aptitude Research and George LaRocque of WorkTech. Learn about the deal,...
TALENT MANAGEMENT
Pathlight Raises $25 Million for Real Time Performance Management
Pathlight announced a $25 million Series B round of venture capital for its real-time performance management solution, largely focused on customer-facing teams. This brings its total raised to $34.2 million. Pathlight's solutions are focused on metrics-driven teams...
ExecOnline Raises $45 Million for Online Leadership Development
ExecOnline announced a $45 million Series D round of venture capital funding for its online leadership development solutions. This brings its total raised to $87.7 million. ExecOnline partners with elite business schools like Berkeley Haas, Columbia, Stanford GSB, and...
Degreed Raises $153 Million for Its Learning and Upskilling Platform and Becomes Work Tech’s Latest Unicorn With a $1.4 Billion Valuation
Degreed became work tech's newest unicorn with a $153 million Series D round of venture capital for its learning and upskilling platform. This brings its total raised to $360.2 million. Degreed started as a hybrid consumer and corporate learning platform with a...
TREND NOTE: Spekit Raises $12.2 Million For Digital Adoption, Learning, and Joy
Spekit announced a $12.2 million Series A for its digital adoption and learning app. Learning has been disrupted more frequently than any other category in work tech. Rapid transformations in tech have finally, or at least more effectively, caught up with the science...
Bunch Raises $1M for Its AI-powered Leadership Coach
Bunch announced a $1 million Seed round of venture capital for its AI-powered leadership coach. This brings its total raised to $4.4 million. Bunch offers vetted and curated "bite-sized chunks" of leadership knowledge and personalizes them for users on a daily basis,...
Lattice Raises $60 Million for Its Performance Management App and Becomes HR Tech Unicorn
Lattice announced a $60 million Series E Round of venture capital for its performance management app. This puts its total raised at $154 million. It also announced a new $1 billion valuation with the round, which edges the firm into "unicorn" territory. In its...
Employee Experience
Firstbase Raises $13 Million for Remote Workforce Infrastructure
Firstbase announced a $13 million Series A round of venture capital for its remote workforce infrastructure app, bringing its total raised to $15.1 million. Its software platform helps companies set up, manage, maintain and retrieve all physical equipment remote...
Aisera Raises $40M to Bring AI Virtual Assistants to the Employee Experience and More
Aisera announced a $40 million Series C round of venture capital for its conversational AI and RPA focused on employee and customer experience. This brings its total raised to $74.5 million. In its press release, Aisera describes itself as an "AI-driven service...
BrightPlan Raises $9.5 Million For Financial Wellness App
Brightplan announced a $9.5 million Series A round of venture capital for its financial wellness app and services. This brings its total raised to $11.2 million. Financial wellness is one of several components in the emerging Employee Total Wellbeing category, which...
Workchew Raise $2.5M for On-Demand Flex Workplaces
Workchew announced a $2.5 million Seed round of venture capital to give teams and employers access to on-demand flexible workplaces by leveraging available hotel and restaurant space. The company offers a member-based subscription model providing access to workspaces...
VIDEO: UK-based The Happiness Index Raises USD $1.46M to Couple Emotional Intelligence with Engagement
The Happiness Index announced a USD $1.46 million Seed round of venture capital to couple emotional intelligence with employee engagement. In their product they leverage a combination of data science, AI and neuroscience to give immediate visibility into the key...
Slapdash Raises $3.7M for Its Workplace Apps Command Bar for Collaboration
Slapdash announced a $3.7 million Seed Round of VC for its workplace apps command bar. Slapdash allows users to organize their enterprise apps into workspaces that provide for better search, collaboration, and communication. The communications and collaboration...
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LATEST DEALS
Utmost Raises $21 Million to Become the Vendor Management System for Workday Customers but The Market Needs More Than That
Utmost announced a $21 million Series B round of VC for its vendor management system (VMS). This brings its total raised to $32.2 million. There's a renewed focus on the independent (aka contingent) workforce in the work tech market. Like many trends that were...
France-based PeopleSpheres Raises USD $10 Million for HR Platform as a Service
France-based PeopleSpheres announced a $10 million round of venture capital for its Platform as a Service (PaaS) solutions focused on integrating existing HR tech into a flexible and extendable platform. PaaS is an architecture in cloud computing that provides a...
Arc Crowdsourced $1M for Its Job Board Marketplace Focused on Remote Developers
Arc announced a crowdsourcing round of $1 million for its job board marketplace focused on remote developers. Arc has several of the elements of the emerging modern job board marketplace: Specialization: Remote developersValue add: Skills certification for developers,...
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