Global HR Tech Market Opportunity: USD $380 Billion
WorkTech estimates the global market for HR technology across all categories to be $379 billion. The new data was compiled using an annualized price per employer per month (PEPM) model that WorkTech developed in 2014 and vets with HR technology providers across all...
HRWINS INSIGHTS: WORKPLACE INTELLIGENCE REPORT: Distributed Work Is The Future – Part 6 in Series
FULL REPORT: 2020 Global HR Tech VC Surges To $5 Billion
In the midst of a raging global pandemic and a floundering economy, investors pumped nearly USD $5 billion VC into HR technology in 2020. The USD $4.98 billion in 2020 generated the second-highest amount of growth capital to flood into the market in the last decade,...
HR Tech’s Newest Unicorn: Modern Health Raises $74 Million for Its Mental Health and Wellness Platform
Modern Health announced a $74 million Series D, bringing its total raised to $167.4 million. They received a valuation of $1.17 billion in this latest round, giving them "unicorn" status. Any apps or services that help human beings with mental health is a very good...
Human Interest Raises $55M for Its 401K Benefits Tech Connecting Retirement Plans with SMBs
Human Interest announced an additional $55 million to its Series C round of VC, bringing its total raised to $136.7 million for its benefits tech that connects 401k retirement savings plans with small and medium-sized businesses (SMB). SMB employers not only make up...
HCM
Ethena Raises Another $2 Million to Nudge Employers Closer to Compliance
Ethena announced another $2 million round of VC for its compliance training based on micro-learning, nudging employees into five-minute anti-harassments lessons. This brings the total raised to $5 million. The founders tell TechCrunch that they've started to get...
HR Tech’s Newest Unicorn: Modern Health Raises $74 Million for Its Mental Health and Wellness Platform
Modern Health announced a $74 million Series D, bringing its total raised to $167.4 million. They received a valuation of $1.17 billion in this latest round, giving them "unicorn" status. Any apps or services that help human beings with mental health is a very good...
Human Interest Raises $55M for Its 401K Benefits Tech Connecting Retirement Plans with SMBs
Human Interest announced an additional $55 million to its Series C round of VC, bringing its total raised to $136.7 million for its benefits tech that connects 401k retirement savings plans with small and medium-sized businesses (SMB). SMB employers not only make up...
AirSlate Raises Another $50 Million for Its Low Code-No Code Solution for Automated Employee Experiences
airSlate announced an additional $50 million raised, bringing its total raised to $130 million. airSlate reports to enable employees to create automated workflow experiences to help them with day to day tasks. airSlate focuses its messaging on document process...
Brazil-based Rocket.Chat Raises USD $19 Million for Open Source Employee Comms and Collaboration
Brazil-based Rocket.chat announced a $19 million Series A for its open source employee communications and collaboration app. As work continues to get more distributed and remote, this HR tech category has seen increased attention from both tech providers and...
Spain-based Payflow Raises USD $2.42 Million for On-Demand Pay Access
Spain-based Payflow announced an additional USD $2.42 million of Seed funding, bringing the total raised to $4.26 million. On-demand pay has been a trend for four or five years in the US, with firms like DailyPay innovating early as stand-alone providers and...
Talent Acquisition
TREND NOTE: UK-based Orka Raises USD $40.8 Million for Job Board Marketplace with Integrated On-demand Pay
UK-based Orka announced a $40.8 million round of venture capital for its job board marketplace with integrated on-demand pay capabilities, targeting regulated industries and shift workers. According to Aptitude Research Partners, shift workers, or the "hourly...
Scope Raises $2.25 Million for Its Marketplace of Tech Implementers Focused on the SMB
Scope announced a $2.25 million Seed round of venture capital for its marketplace of tech implementers for the SMB, bringing its total raised to $3.4 million. Scope aims to solve the pains of implementation and integration that plagues small businesses as they select...
Canada-based Certn Raises USD $7.5 Million for Its API-first Hiring Background Checks
Canada-based Certn announced a USD $7.5 million addition to its Series A VC round for its "real-time" background checks, bringing its total raised to $35.7 million. Certn touts an "api-first" model with integration directly into customers' systems or access via a...
Germany-based HiPeople Raises USD $3 Million to Automate Candidate Reference Checks
Germany-based HiPeople announced a USD $3 million Seed round of VC to automate candidate reference checks during the recruiting process. The recruiting world is divided when it comes to candidate reference checks, like seemingly all types of candidate assessments....
Kevala Raises $4M for Its Workforce Management and Job Board Marketplace Focused on Long-Term Care
Kevala announced a $4 million Seed round of VC for its workforce management and job board marketplace focused on long-term care. When healthcare facilities need to employ temporary staff from third-party agencies, Kevala maintains a ready pool of high-quality,...
Shift One Raises $5.2 Million for Its Gig Teams Marketplace
Shift One announced a $5.2 million Seed round of VC for its marketplace connecting teams of supply chain gig workers with a focus on last-mile logistics. Promising workers full benefits, a predictable schedule, and "less choppy" wages, Shift One laud itself as "Gig...
TALENT MANAGEMENT
TREND NOTE: Ally Raises $50M for OKR-focused Performance Management Tech
Ally announced a $50 million Series C for its performance management tech focused on the Objectives and Key Results (OKR) method, bringing its total investment to $76 million. In its PR and CEO video (see links below) Ally touts 600 customers, 5x revenue growth (5...
Learn to Win Raises $4M to Bring Elite Sports and Military Micro-learning to Corporate L&D
Learn to Win announced a $4 million Seed round of VC for its micro-learning app. Distilling traditionally longer form training into consumable formats available on any device is the core promise of the micro-learning approach. Learn to Win also offers rapid content...
Edify Raises $1.635 Million to Onboard Engineers in Slack
Edify announced a $1.635 million Seed round to onboard engineers in Slack and "soon" in Microsoft Teams. Onboarding employees quickly into the flow of work without disrupting it has been a challenge since the first employee was onboarded. Ever. The steep new employee...
Anthill AI Raises $1.24M for Its Employee Internal Mobility App
Anthill AI announced a $1.24 million Seed round of VC for its talent management software that leverages machine learning to empower internal mobility, reskilling & development, and employee engagement. When Amazon announced its upskilling initiative in July of...
WorkStep Raises $17.2M for Modern Industrial JobBoard Marketplace, Hiring, and Retention Platforms
Workstep announced $17.2 million in funding for its job board marketplace, hiring, and retention platforms. A combination of Seed and A round venture capital investment. Workstep, founded in 2017, represents the culmination of several trends WorkTech has called...
Sounding Board Raises $13.1 Million for Its Coaching Marketplace App
Sounding Board announced a $13.1 million Series A round of VC for its app connecting a network of global coaches to employees. 2020 saw investors' calculus change with a focus on learning, communication, and leadership as the workforce became more remote. The talent...
Employee Experience
Switzerland-based Nexthink Raises USD $180M for Its Digital Employee Experience App
Switzerland-based Nexthink announced a USD $180 Million D round of venture capital, bringing its total raised to $345 million. They also announced a valuation of $1.1 billion, giving them "unicorn" status. Nexthink gives companies insight into employees’ daily...
Preciate Raises $4.6M for Social Networking for Teams
preciate announced a $4.6 million Seed Round of VC for its social network app for teams. Preciate enters a crowded field of startups focused on communication and collaboration for distributed and remote teams. The category led global HR tech investment in 2020 with...
Finland-based HappySignals Raises USD $5.6 Million
Finland-based HappySignals Raised USD $5.6 million to measure employee happiness and productivity. Source: Workplace startup HappySignals used this pitch to win $5m investment - Business Insider
Mighty Raises $4.3 Million Seed Round to Become the Operating System for Work
Mighty has raised a $4.3 million Seed round to create an experience layer between primary systems like Slack or Trello and back office systems of record like Workday or Salesforce. Investor Jason Corsello of Acadian believes that Mighty has the potential to become the...
Australia-based Pyn Raises USD $2.21 Million Seed Round For Modern Employee Communications
Australia-based Pyn raised a Seed round of USD $2.21 million for employee communications. The round was led by Accel Partners and the firm's founders include Jon Williams a co-founder at Culture Amp. Employee communications and collaboration has been an HR tech...
Armored Things Raises $7M for Workplace Utilization Analytics – Fifth Similar Deal Since the Start of the Pandemic
Armored Things announced a $7 Million deal for their workplace utilization analytics app. The fifth VC deal we've seen focused on the physical aspect in the employee category since the start of the COVID-19 pandemic. While much of the discussion regarding employee...
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LATEST DEALS
TREND NOTE: UK-based Orka Raises USD $40.8 Million for Job Board Marketplace with Integrated On-demand Pay
UK-based Orka announced a $40.8 million round of venture capital for its job board marketplace with integrated on-demand pay capabilities, targeting regulated industries and shift workers. According to Aptitude Research Partners, shift workers, or the "hourly...
Scope Raises $2.25 Million for Its Marketplace of Tech Implementers Focused on the SMB
Scope announced a $2.25 million Seed round of venture capital for its marketplace of tech implementers for the SMB, bringing its total raised to $3.4 million. Scope aims to solve the pains of implementation and integration that plagues small businesses as they select...
Ethena Raises Another $2 Million to Nudge Employers Closer to Compliance
Ethena announced another $2 million round of VC for its compliance training based on micro-learning, nudging employees into five-minute anti-harassments lessons. This brings the total raised to $5 million. The founders tell TechCrunch that they've started to get...
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