Introduction
February was a strong month for HrTech, with 13 companies securing $292.2million in funding.
Some are redefining talent acquisition with AI-powered candidate matching and automated sourcing, while others are streamlining HR workflows, enhancing employee engagement, and improving workforce analytics. These companies are pushing the boundaries of what’s possible in the industry.
As HrTech continues to evolve, investors are placing their bets on scalable business models and technologies that can reshape the future of work.
Here’s a breakdown of the latest funding rounds—keep reading.
Loxo is a recruiting automation platform that equips staffing agencies with AI-powered tools for sourcing, tracking, and engaging candidates, improving efficiency and reducing time-to-hire.
- Funding Amount: $115 million
- Funding Round: Private Equity
- Lead Investors: Tritium Partners
Mercor leverages AI and machine learning to match job seekers with companies, optimizing hiring based on skills, experience, and cultural fit.
- Funding Amount: $100 million
- Funding Round: Series B
- Lead Investor: Felicis
Certn provides fast and secure background screening services, offering identity verification, record checks, and credit assessments to support informed hiring decisions.
- Funding Amount: $30 million
- Funding Round: Series B
- Lead Investor: BDC
ConverzAI develops AI-powered virtual recruiters that handle candidate sourcing, engagement, and interview scheduling, reducing the hiring workload for HR teams.
- Funding Amount: $16 million
- Funding Round: Series A
- Lead Investor: Menlo Ventures
hireEZ is a talent acquisition platform that leverages AI-driven sourcing, recruitment CRM, analytics, and automation to streamline hiring processes. It helps recruiters find, engage, and manage top talent efficiently.
- Funding Amount: $8.07 million
- Funding Round: Series C
- Lead Investor: --
FirstWork offers application management software, streamlining hiring and recruitment processes for businesses.
- Funding Amount: $5 million
- Funding Round: Seed
- Lead Investor: Gradient Ventures
HowNow is a learning and development platform that helps businesses centralize training resources, track employee progress, and deliver personalized upskilling programs.
- Funding Amount: $4.4 million
- Funding Round: Series A
- Lead Investor: Fuel Ventures
HireRoo offers a cloud-based applicant tracking system with automated job postings, interview scheduling, and candidate tracking features for businesses of all sizes.
- Funding Amount: $4 million
- Funding Round: Seed
- Lead Investor: Inventus Capital Partners
SquarePeg uses predictive analytics and AI-driven assessments to match candidates with job opportunities based on behavioral data and job compatibility.
- Funding Amount: $3.5 million
- Funding Round: Seed
- Lead Investor: Next Frontier Capital
Reelist is a social media-driven applicant tracking system that allows recruiters to discover and engage talent through platforms like TikTok, Instagram, and LinkedIn.
- Funding Amount: $3 million
- Funding Round: Seed
- Lead Investor: Virginia Innovation Partnership Corporation (VIPC)
Enzy is an employee engagement platform that provides real-time feedback, pulse surveys, and AI-driven analytics to help companies improve employee satisfaction and retention.
- Funding Amount: $2 million
- Funding Round: Series A
- Lead Investor: --
OneUp Sales is a performance management platform that helps sales teams track KPIs, analyze data, and boost motivation through gamification and CRM integration.
- Funding Amount: $1.89 million
- Funding Round: Seed
- Lead Investor: Midlands Engine Investment Fund
RecruitU is an AI-powered recruitment platform that streamlines job posting, candidate screening, and interview scheduling for HR teams.
- Funding Amount: $1.32 million
- Funding Round: Seed
- Lead Investor: --
These fundraisings wouldn’t have been possible without these investors:
- Felicis: A venture capital firm investing in bold founders building transformative technology companies across various industries.
- Tritium Partners: A private equity firm specializing in growth-stage investments in technology and business services.
- Menlo Ventures: A Silicon Valley-based VC firm backing AI-driven and disruptive startups from early to growth stages.
- BDC (Business Development Bank of Canada): A government-backed investment firm focused on supporting high-growth startups and innovative Canadian businesses.
- SMBC Venture Capital: The investment arm of Sumitomo Mitsui Banking Corporation, focusing on AI, cloud computing, and fintech.
- Midlands Engine Investment Fund: A UK government-backed fund supporting small and medium-sized enterprises to drive regional economic growth.
- Fuel Ventures: A UK-based VC firm investing in early-stage technology startups with strong growth potential.
- Gradient Ventures: Google’s AI-focused venture fund, backing early-stage startups leveraging artificial intelligence.
- Next Frontier Capital: A venture firm supporting high-growth technology companies in the Rocky Mountain and Midwest regions.
- Virginia Innovation Partnership Corporation (VIPC): A state-backed fund investing in innovative startups and emerging technologies in Virginia.
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