Introduction
March was a powerful HrTech month, ending Q1 on a strong note, with 13 companies raising $433.2 million in funding.
Tackling everything HrTech related; from AI-driven recruitment and employee training to workforce analytics and freelancer project matching.
With investors backing solutions prioritizing automation, data insights, and global access to talent, it’s clear the industry is heading toward more personalized, efficient, and intelligent HR tools.
Here’s a breakdown of March's funding rounds—take a look.
Darwinbox is an AI-powered HCM platform for modern workforce, offering a full suite of HR solutions, from hiring, onboarding, and employee administration to performance tracking, all tailored for modern companies.
- Amount Raised: $140M
- Funding Round: Series D
- Lead Investors: Partners Group. KKR
Factorial provides an all-in-one HR software platform for small to mid-sized businesses, with tools designed to automate administrative tasks and streamline operations, such as time management, talent performance, document storage, and other tools.
- Amount Raised: $120M
- Funding Round: Conventional Debt
- Lead Investor: General Catalyst
Turing connects companies with pre-vetted remote software engineers in Silicon Valley, New York, and other tech hubs, streamlining global hiring for tech roles, with its AI-powered vetting and matching engine.
- Amount Raised: $111M
- Funding Round: Series E
- Lead Investor: WestBridge Capital
doinstruct is an AI-powered training platform for frontline workers, enabling companies to onboard, train, and upskill workers to achieve effortless compliance.
- Amount Raised: $17.9M
- Funding Round: Series A
- Lead Investor: HV Capital
comet connects top freelance IT and tech talent with corporate projects for quick and tailored access, using AI to match independent experts with strategic projects based on skills, availability, and team fit.
- Amount Raised: $10.7M
- Funding Round: Series A
- Lead Investor: Daphni
ABABA helps companies screen and assess candidates more efficiently, with a focus on new graduate recruitment in Japan.
- Amount Raised: $8.5M
- Funding Round: Series B
- Lead Investor: DBJ Capital Co
Conveo acts as an AI-powered research coworker with AI-les video interviews, gathering insights, analyzing data, and helping streamline the talent research process.
- Amount Raised: $5.8M
- Funding Round: Seed
- Lead Investor: 6 Degrees Capital
Bolto offers an AI-powered HR platform for talent sourcing, matching, and compliance for remote software engineers, tailored for all-size companies to recruit and grow tech teams, beyond borders.
- Amount Raised: $5.1M
- Funding Round: Seed
- Lead Investor: General Catalyst
OptimHire is an AI-powered hiring platform that connects employers with skilled IT professionals, by combining AI-driven efficiency with a risk-free hiring model and AI agents to streamline the entire recruiting process, from screening candidates to scheduling their interviews.
- Amount Raised: $5M
- Funding Round: Series A
- Lead Investor: Mucker Capital
Qneiform is an AI-powered software platform for talent acquisition, providing real-time, data-driven insights for recruiters to identify, analyze, manage, and retain top talent, strategically.
- Amount Raised: $3.2M
- Funding Round: Seed
- Lead Investor: PROfounders, DayOne Capital
peopleIX is a unified workforce intelligence platform that integrates data across HR systems, to deliver real-time workforce insight without requiring data science expertise.
- Amount Raised: $2.51M
- Funding Round: Pre-Seed
- Lead Investor: Earlybird
HeyMilo helps companies streamline candidate screening with AI-powered, automating early-stage recruitment workflows to save recruiters time.
- Amount Raised: $2.2M
- Funding Round: Seed
- Lead Investor: Canaan Partners
Global Work is a job-search platform that connects remote and gig workers with relevant opportunities using AI-personalized assistance, integrated into each stage of the applicant's journey.
- Amount Raised: $1.25M
- Funding Round: Pre-Seed
- Lead Investor: TMT Investments
These fundraisings wouldn’t have been possible without these investors:
- Partners Group: A global private equity firm investing in high-growth companies driving digital transformation.
- https://www.generalcatalyst.com/: Known for backing bold ideas, with a strong presence in HR, healthcare, and SaaS.
- WestBridge Capital: A growth equity firm supporting technology-focused, globally scalable startups.
- HV Capital: One of Europe’s leading VCs backing B2B platforms and enterprise SaaS companies.
- Daphni: A Paris-based fund supporting European startups reshaping the future of work.
- DBJ Capital Co: A Japanese VC investing in startups advancing HR tech and workforce solutions.
- 6 Degrees Capital: A seed-stage VC focused on deep tech and AI.
- Mucker: A U.S. accelerator and VC firm investing in early-stage software and internet startups.
- Earlybird: A European VC investing in technology-driven businesses across the continent.
- Canaan Partners: A U.S. VC fund supporting early-stage startups in enterprise and consumer tech.
- TMT Investments: A London-based VC investing in high-growth tech startups with global potential.
🤔 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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