HCM, HR, and Payroll Tech With Context For your Business

HCM, HR, and PAYROLL

The HR tech category that started it all continues to innovate. As businesses continue to transform digitally and work becomes both more global and less traditional, the expectations of core HR systems also transforms. HR and People Operations pros are demanding more from their HR platforms, and tech vendors are stepping up to the challenge.

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...

Deel Raises $156 Million for Global Payroll and Compliance Becomes Next Work Tech Unicorn with Valuation of $1.27 Billion

Deel announced a $156 million Series C round of venture capital with a valuation of $1.27 billion and a total raised of $204 million, making it work tech's latest unicorn. Deel provides an employee of record (EOR) model of co-employment for businesses to hire a...

France-based Alan Raises USD $227 Million for Its Employer Health Insurance Tech Becomes Latest Work Tech Unicorn Valued at $1.7 Billion

Paris-based Alan has raised a USD $227 million Series D round with a valuation of $1.7 billion for its health insurance and app for Europe-based employers and independents. With this valuation it becomes work tech's latest unicorn. The company reported to TechCrunch...

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...

New HR Tech Seed VC Fund: Jason Corsello Announces Acadian Ventures Fund I

Acadian Ventures announced a new VC fund for HR technology providers at pre-Seed and Seed stages, expecting to invest more than $20 million over the next few years. Jason Corsello, Acadian's founder and General Partner spoke with WorkTech founder George LaRocque about...

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...

Vyopta Raises $8 Million For Employee Collaboration Performance Management

Vyopta announced an $8 million growth funding investment round, bringing its total raised to $22 million. Vyopta develops a collaboration performance management tool that actively monitors the use of virtual and physical meeting space, providing reports on utilization...

Meet the Seventh HR Tech to Reach Unicorn in 2021, Ginger Raises $100 Million for Mental Health and Wellness

Ginger announced a $100 million Series E round of funding, bringing its total raised to $220.7 million. It also reports a valuation of $1.1 billion, making it HR technology's latest unicorn. Ginger provides on-demand behavioral health coaching, scheduled video therapy...

TREND NOTE: Germany-based Kontist Raises USD $29.5M for Its Freelancer-focused Neobank and Tax Service

Germany-based Kontist raised a USD $29.5 million B round of venture capital for its neobank (the buzz-term for an online-only bank) and tax service for the self-employed. While Kontist appears to be currently focused on the German market, it represents what we predict...