As we kick off 2023, the HrTech industry is buzzing with innovation and growth. Fundraising plays a pivotal role in driving this transformation, fueling companies' efforts to revolutionize HR processes. This focus makes the sector highly attractive to investors seeking solid returns, leveraging automation, data analytics, and employee engagement tools.

In January alone, nine ambitious HrTech startups secured an impressive $347 million in funding. This significant financial boost enables these startups to expand their operations and explore new avenues of development.

The forward-thinking mindset and investor support not only underscore the sector's immense potential but also propel HrTech towards a future brimming with promise and ample growth opportunities.

HrTech Fundraising - January 2023
HrTech Fundraising - January 2023

Human Interest is a 401(k) provider that makes it easy for small and medium-sized businesses to help their employees save for retirement. 

  • Funding Amount: $ 161M
  • Funding round: Private Equity
  • Lead Investors: BlackRock

Welcome to the Jungle is a multichannel media and job board company that aims to inspire individuals to thrive professionally.

  • Funding Amount: $ 55M
  • Funding round: Series C
  • Lead Investors: Blisce

Peppy is a digital health platform that connect team members with human experts and supports underserved areas of healthcare including menopause, fertility, pregnancy, men's health and women's health.

  • Funding Amount: $ 45M
  • Funding round: Series B
  • Lead Investors: AlbionVC

Paytient offers a financial platform to increase the company's deductible health plan adoption.

  • Funding Amount: $ 40.5M
  • Funding round: Debt Financing + Series B
  • Lead Investors: Silicon Valley Bank and Mercato Partners

ChartHop helps companies improve organizational health, drive alignment and accountability, and save time and money.

  • Funding Amount: $ 20.1M
  • Funding round: Series C
  • Lead Investors: Cox Enterprises

myInterview uses video to encourage candidates to express their true personality, experience, and qualifications and lets hiring.

  • Funding Amount: $ 11M
  • Funding round: Series A
  • Lead Investors: Aleph, Entrée Capital and Jesselson Capital

Yomly is an intuitive HR and Payroll software solution specifically designed for the GCC and MENA.

  • Funding Amount: $ 5M
  • Funding round: Seed
  • Lead Investors: -

Darwinbox is an end-to-end enterprise HR software that enables enterprises to automate the entire employee lifecycle in one HR platform.

  • Funding Amount: $ 4.89M
  • Funding round: Series D
  • Lead Investors: State Bank of India

Qualifi empowers recruiters to find the best candidates faster by enabling on-demand phone interviews. Qualifi’s frictionless screening platform saves both recruiters and candidates time while maintaining a human touch.

  • Funding Amount: $ 4.5M
  • Funding round: Seed
  • Lead Investors: m]x[v Capital, Rally Ventures

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

  • Blisce: An investment firm co-headquartered in Paris and New York.
  • BlackRock: The firm operates as a global asset manager, overseeing and advising on a wide array of investment portfolios.
  • Cox Enterprises: a family of businesses that engages in the communications, media, and automotive industries.
  • Silicon Valley Bank: A venture debt provider that focuses on the tech startup sector.
  • AlbionVC: Supports visionary founders with long-term capital and scale-up expertise.
  • Firework Ventures: An angel investment firm that directs its investments toward the initial stages of human-centered work companies.
  • Rally Ventures: invests in early-stage enterprise technology companies.

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