HrTech Fundraising of the month - August 2024

Introduction

HOT-TO-GO news this August! 15 HrTech startups raised a total of $180 million in funds.

This month’s fundraising shows that the growing interest in HR technologies takes no vacation.

15 HrTech startups are tackling critical industry challenges, from advanced payroll systems to AI-driven talent management and streamlined HR consulting. Which adds new solutions pushing the boundaries of what’s possible in the HR sector.

In this article, we break down the latest funding milestones and highlight the investors backing these groundbreaking solutions.

Take a look.

CloudPay is a provider that offers a unified solution for managing global employee pay processes, including payroll, payments, and on-demand pay, while guiding companies through best practices and operational optimization.

• Funding Amount: $120M
• Funding round: Series Unknown
• Lead Investors: Blue Owl Capital

Tezi is an autonomous AI recruiter based in Menlo Park, CA, to handle the end-to-end recruiting process.

• Funding Amount: $9M
• Funding round: Seed
• Lead Investors: South Park Commons

Bandana is a New York City-based startup that helps lower-wage workers find better-paying jobs with good benefits closer to home, reducing commuting time.

• Funding Amount: $8.5M
• Funding round: Seed
• Lead Investors: General Catalyst

Jobilla is a digital recruitment platform that automates and speeds up candidate attraction and screening using AI.

• Funding Amount: $6M
• Funding round: Series Unknown
• Lead Investors: —

Workpay is a Kenyan startup that provides cloud-based HR and payroll solutions for businesses across Africa.

• Funding Amount: $5M
• Funding round: Series A
• Lead Investors: Norrsken22

When is an AI-powered offboarding solution helping employees navigate post-employment transitions and maintain access to healthcare.

• Funding Amount: $4.6M
• Funding round: Seed
• Lead Investors: B Capital

FLOWIT is a Swiss digital coaching platform that offers real-time feedback and development for frontline and non-desk employees.

• Funding Amount: $4.2M
• Funding round: Series A
• Lead Investors: General Catalyst

Impactpool is a global AI-enabled career platform connecting professionals with organizations focused on meaningful change.

• Funding Amount: $4M
• Funding round: Seed
• Lead Investors: The General Partnership

Administrate is a SaaS startup offering a cloud-based platform for managing corporate training operations, integrating with existing LMS and providing tools for scheduling, reporting, and content management.

• Funding Amount: $4M
• Funding round: Series Unknown
• Lead Investors: —

Cassidy is a NYC-based startup that provides a business automation platform, using AI to create intelligent, context-aware automations for both technical and non-technical teams.

• Funding Amount: $3.6M
• Funding round: Seed
• Lead Investors: Mediahuis Ventures

Pangeam Inc. is a socio-spatial data platform offering precise insights into how people interact with their environments.

• Funding Amount: $2.8M
• Funding round: Seed
• Lead Investors: Neotribe Ventures

Skillfully, a leader in simulation-driven hiring, raised $2.5 million in seed funding, led by Better Ventures and backed by several key investors.

• Funding Amount: $2.5M
• Funding round: Seed
• Lead Investors: Better Ventures

VoiceLine is a Munich-based startup that provides a smart voice messaging platform designed for remote and hybrid teams.

• Funding Amount: $2.4M
• Funding round: Seed
• Lead Investors: Venture Stars and Scalehouse Capital

Skillvue is a platform that uses AI to analyze and assess skills for recruitment, internal mobility, and talent development.

• Funding Amount: $2.18M
• Funding round: Angel investment
• Lead Investors: —

F4e is an AI-powered performance management platform globally, targeting Europe, the Middle East, and the U.S.

• Funding Amount: $1M
• Funding round: Seed
• Lead Investors: Arya GSYF

These fundraisings wouldn’t have been possible without these investors:

• Blue Owl Capital:: An alternative asset manager specializing in private credit and real estate investments.
• South Park Commons: A community-focused investor providing capital and mentorship to early-stage startups.
• General Catalyst: A venture capital firm supporting companies across all growth stages in technology and healthcare.
• Norrsken22: An Africa-focused growth fund investing in companies solving societal challenges.
• B Capital: A global investment firm co-founded by Facebook’s Eduardo Saverin, focused on transformative tech.
• The General Partnership: A VC firm dedicated to early-stage tech startups, offering hands-on support.
• Neotribe Ventures: A VC firm that invests in breakthrough technologies across various industries.
• Arya GSYF: A venture fund backing innovative startups with seed capital and strategic guidance.

🤔 Did we miss your HR Tech startup's fundraising? Let us know so we can include you in the article: [contact@hrflow.ai](mailto:contact@hrflow.ai?ref=blog.hrflow.ai)

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