In a constantly evolving HR technology landscape, businesses are consistently in search of innovative solutions to streamline their HR processes, enhance workforce management, and elevate the overall employee and candidate experience.

The month of August saw a record-breaking fundraising spree, with 15 HrTech startups securing an impressive $738 million injection, fueling their ambitious expansion plans and unlocking exciting opportunities.

Nonetheless, it's valuable to give credit to the forward-thinking investors who have recognized the immense potential in this dynamic sector. With their steadfast support, the future of HrTech is poised for success, creating a multitude of opportunities.

HrTech Fundraising - August 2023

TriNet offers comprehensive HR solutions and services tailored to the needs of small and medium-sized enterprises, encompassing payroll processing, health benefits administration, and human capital management.

  • Funding Amount: $ 400M
  • Funding round: Post-IPO Debt
  • Lead Investors: -

Gympass is an application that provides employees with versatile access to gyms, fitness studios, various classes, training sessions, and wellness programs.

  • Funding Amount: $ 85M
  • Funding round: Series F
  • Lead Investors: EQT, General Atlantic, Moore Strategic Ventures

Nursa assists healthcare facilities in promptly filling short-term staffing shifts by connecting them with clinicians seeking flexibility. The solution simplifies the per diem shift-filling process by directly linking facilities to its network of eligible clinicians.

  • Funding Amount: $80M
  • Funding round: Series B
  • Lead Investors: Drive Capital

OneModel serves as a talent analytics accelerator designed for HR departments, empowering companies to gauge the productivity and efficiency of their workforce.

  • Funding Amount: $ 41M
  • Funding round: Private
  • Lead Investors: Riverwood Capital

Asure Software provides businesses aiming for growth without the burden of administrative overhead with human capital management solutions and HR services.

  • Funding Amount: $ 40M
  • Funding round: Post-IPO Equity
  • Lead Investors: -

Intellum offers employee collaboration, performance, and learning tools for the modern workplace.

  • Funding Amount: $ 25M
  • Funding round: Private
  • Lead Investors: Guidepost Growth Equity

Alight Solutions is a cloud-based human capital solution that empowers clients and employees to manage health, wealth, and HR needs, from hiring to retirement, and beyond.

  • Funding Amount: $ 22.5M
  • Funding round: Post-IPO Secondary
  • Lead Investors: -

Talana is an HCM platform that provides payroll processing, digital signature, and many more solutions with an easy-to-use interface.

  • Funding Amount: $ 8M
  • Funding round: Venture - Series Unknown
  • Lead Investors: Venturance

Venteur assists businesses in reducing health insurance expenses while empowering their employees with more options and control over their healthcare.

  • Funding Amount: $ 7.6M
  • Funding round: Seed
  • Lead Investors: GSR Ventures

Zaggle offers spend management solutions designed to assist corporations, SMEs, and startups in effectively overseeing their business expenses.

  • Funding Amount: $ 7.5M
  • Funding round: Venture - Series Unknown
  • Lead Investors: -

Confirm is a hiring and performance management platform that evaluates each employee's impact and influence. The platform assesses candidate quality, compares them to industry standards, and reveals their skills and credentials.

  • Funding Amount: $6.2M
  • Funding round: Series A
  • Lead Investors: Spero Ventures

CakeResume is a platform dedicated to crafting unique and attention-grabbing resumes. They provide a variety of professional templates and formats to choose from.

  • Funding Amount: $5M
  • Funding round: Series A
  • Lead Investors: Mynavi

It's a dental staffing on demand platform connecting qualified professionals with practices.

  • Funding Amount: $4M
  • Funding round: Seed
  • Lead Investors: Craft Ventures

Staffinc is a platform that offers workforce management services and access to workers for businesses.

  • Funding Amount: $ 3.9M
  • Funding round: Series B
  • Lead Investors: Altara Ventures

It's a career recommendation engine that helps companies hire the best tech talents.

  • Funding Amount: $ 2M
  • Funding round: Seed
  • Lead Investors: -

Here’s a list of some lead investors in the HrTech sector 👇

  • Altara Ventures: Altara Ventures invest in the fintech, consumer, enterprise software, logistics and more..
  • Mynavi: Japenese Corporation that provides information services.
  • GSR Ventures: the group focuses on technology companies developing AI-enabled technology.
  • Spero Ventures: invests in wellbeing; sustainability; learning, work, and play.
  • Guidepost Growth Equity: partners with technology companies that offer application software and data services.
  • EQT: provides consistent performance across geographies, sectors, and investment strategies.
  • General Atlantic: offers capital and strategic support for growth companies.
  • Drive Capital: partners with innovative entrepreneurs and invets in technology, healthcare, and consumer companies in the Midwest.
  • Riverwood Capital: invests in companies central to the technology industry and those on the edges of science, society, and culture.

🤔 Did we miss your HR Tech startup's fundraising? Let us know so we can include you in the article:

Are you interested in learning how can help you scale your business? get in touch with us

Read more: