HrTech Fundraising of the month - July 2024

Introduction

if June's fundraising was against the odds, July set a new benchmark with unprecedented momentum in the HrTech sector.

This month, 18 HrTech startups raised $782.7 million in funds, marking a significant milestone for the HrTech industry.

These investments demonstrate robust confidence in the sector's potential as these companies are not just attracting significant investments; they are reshaping how businesses manage their most valuable asset: their people.

In this article, we explore in detail July fundraisings, spotlighting the startups leading the charge in transforming HR practices.

Join us as we explore the top fundraisers of July and their groundbreaking contributions to the HrTech landscape.

HR Path is a human resources company providing consulting services in every aspect of HR system implementation and payroll outsourcing, offering a full range of optimization of HR issues companies face.

• Funding Amount: $400M
• Funding round: Debt
• Lead Investors: Ardian

SmartHR is a cloud-based platform that helps enterprises manage and streamline HR operations.

• Funding Amount: $140M
• Funding round: Series E
• Lead Investors: KKR

Hebbia is an AI platform that uses generative AI to search and analyze digitized documents and data sources such as PDFs, audio and video clips.

• Funding Amount: $130M
• Funding round: Series B
• Lead Investors: Andreessen Horowitz

HERO Software is a cloud based software platform providing trade businesses and workers in all industries tools to digitize the entire operational process.

• Funding Amount: $43.5M
• Funding round: Series B
• Lead Investors: Eight Roads

Dopay is an Egyptian platform for unbanked and underbanked workers in emerging nations with real-time payments.

• Funding Amount: $13.5M
• Funding round: Series A
• Lead Investors: Argentem Creek Partners

CultureAI is a Human Risk Management Platform to pinpoint workforce security risks, coach employees in real-time, and automate corrective actions.

• Funding Amount: $10M
• Funding round: Series A
• Lead Investors: Mercia Ventures and Smedvig Ventures

Passionfruit is an AI-platform connecting companies with independent and freelance workers. Passionfruit simplifies discovering, engaging, and collaborating with vetted independent talent.

• Funding Amount: $9M
• Funding round: —
• Lead Investors: Seaya Ventures

Doinstruct is a mobile-first onboarding and training platform to equip frontline workers with the right skills, in different industries.

• Funding Amount: $8.27M
• Funding round: Series A
• Lead Investors: Creandum

Dice is an AI-powered spend management platform helping to streamline B2B procurement processes and manage enterprise spending.

• Funding Amount: $5M
• Funding round: Series A
• Lead Investors: Dallas Venture Capital

Zoe Foundry is a startup that aims to create a culture-first environment that emphasizes character and elevates the employee benefits industry through strategic partnerships and market validation.

• Funding Amount: $5M
• Funding round: Seed
• Lead Investors: Principal Financial Group

WorkerHero is an AI-driven platform for recruiting, sourcing, and matching, connecting companies with top-notch candidates.

• Funding Amount: $4.36M
• Funding round: Series A
• Lead Investors: Dallas Venture Capital

nodaFi is a cloud-based facility operations platform that optimizes facility management like work order management and asset tracking across diverse industries.

• Funding Amount: $3.5M
• Funding round: Seed
• Lead Investors: Base10 Partners

Airtasker is a startup offers a platform where individuals can hire others for a wide range of tasks, from home maintenance and cleaning to business administration and marketing.

• Funding Amount: $3.33M
• Funding round: Post IPO equity
• Lead Investors: —

Making Space is a talent acquisition and learning platform for companies to train, access, and retain pre-qualified Disabled Talent.

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

HR Duo is a comprehensive platform that streamlines employee shift scheduling, time-tracking, and payroll reporting, alongside managing the entire employee life cycle from recruitment to retirement.

• Funding Amount: $1.83M
• Funding round: Debt
• Lead Investors: --

Solidroad is an AI-powered platform designed for hiring, onboarding, and training. Solidroad allows their clients to practice realistic conversations with AI-driven prospects. As well as personalized performance feedback through its AI coach.

• Funding Amount: $1.2M
• Funding round: Seed
• Lead Investors: Jack Pierce

Expertia AI is a virtual recruitment platform offering a one-click hiring solution to SMEs to automatically source and identify top candidates from 25 plus job boards.

• Funding Amount: $1.2M
• Funding round: Seed
• Lead Investors: Chiratae Ventures

SeenCulture is a workplace talent management platform helping organizations identify and highlight overlooked and underestimated talent. As well as take smarter, fairer, and faster employee related decisions like performance, promotions, and pay reviews.

• Funding Amount: $1M
• Funding round: Pre-Seed
• Lead Investors: Alice Anderson Fund

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

• Ardian: is a leading private investment house with assets managed or advised in Europe, the Americas, and Asia.
• KKR: is a global investment firm that manages multiple alternative asset classes, with a mission to support growing companies and create value for investors.
• Eight Roads: is a global venture capital firm with a focus on healthcare, technology, and consumer companies.
• Argentem Creek Partners: is a global alternative asset manager specializing in emerging markets. They focus on high-yield investments in both private and public markets.
• Mercia Ventures: Ais a UK-based investment group specializing in early-stage and growth capital for technology and life sciences companies.
• Smedvig Ventures: is a London-based venture capital firm that invests in early to growth-stage technology companies.
• Creandum: is a European early-stage venture capital firm investing in scalable, disruptive tech companies in sectors such as software, consumer internet, and fintech.
• Seaya Ventures: is a European and Latin American venture capital firm that invests in early and growth-stage technology companies.

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

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