HrTech Fundraising of the month - October 2024
Introduction
Q4 is raining funds as October 2024 is motioning a new wave of HrTech players with a drive for growth.
This month, 16 HrTech companies across various fundraising stages have collectively raised an impressive $284.7 million in funds.
From pre-seed to Series D rounds, these startups are making strides in transforming HR, payroll, talent acquisition, and workforce management—many through AI-driven solutions.
Here, we spotlight the most notable fundraisings of October 2024.
Zip is an intake and procurement orchestration platform for employees to initiate purchase requests. Zip helps businesses gain clear and timely visibility across all purchases, while dramatically improving the employee experience.
- Funding Amount: 190 million
- Funding Round: Series D
- Lead Investors: BOND
Capacity offers AI products that automate repetitive tasks in employee and customer support, promoting a streamlined self-service experience.
- Funding Amount: $26 million
- Funding Round: Series D
- Lead Investor: TVC Capital
Zeal, from San Francisco, specializes in embedded payroll solutions designed to enhance payroll management across diverse workforce needs.
- Funding Amount: $15 million
- Funding Round: Series B
- Lead Investor: Portage
Sukedachi focuses on blue-collar recruitment solutions, bridging employers with skilled labor in Japan.
- Funding Amount: $11.6 million
- Funding Round: Series C
- Lead Investor: Japan Post Capital
Vahan operates an OS for hourly workforces, optimizing recruitment and operational efficiency in high-turnover roles.
- Funding Amount: $10 million
- Funding Round: Series B
- Lead Investor: Khosla Ventures
Rise offers a cloud-based payroll management platform, empowering freelancers to handle finances with ease.
- Funding Amount: $6.32 million
- Funding Round: Series A
- Lead Investor: Sino Global Capital
OLOID delivers workplace access and identity management technology for secure, efficient work environments.
- Funding Amount: $6 million
- Funding Round: Series A
- Lead Investor: Yaletown Partners
Zeligate, based in Brisbane, is an AI-powered recruitment platform enhancing talent acquisition through streamlined processes.
- Funding Amount: $5.5 million
- Funding Round: Seed
- Lead Investor: Rob Olver
Memotive is an employee experience platform that digitizes corporate touchpoints for large-scale companies.
- Funding Amount: $4 million
- Funding Round: Seed
- Lead Investor: Arz Portfoy
Cascade AI, from Seattle, is an AI assistant designed to simplify HR inquiries with a focus on user-friendly solutions.
- Funding Amount: $3.75 million
- Funding Round: Seed
- Lead Investor: Gradient
Trustii, from Montreal, provides pre-hiring and pre-rental screening solutions, facilitating seamless candidate evaluations.
- Funding Amount: $2.8 million
- Funding Round: Seed
- Lead Investor: AQC Capital, Accelia Capital, Boreal Ventures
SocialCrowd, based in the US, delivers cloud-based solutions for performance management, supporting employee growth and development.
- Funding Amount: $2.5 million
- Funding Round: Series A
- Lead Investor: VC 414
Staffing Engine utilizes AI to offer enterprises recruiting and sales automation, improving hiring and revenue generation.
- Funding Amount: $2.4 million
- Funding Round: Seed
- Lead Investor: LRS Healthcare, Bullhorn
Craftt, located in NYC, offers decentralized infrastructure for improved digital operations.
- Funding Amount: $2 million
- Funding Round: Seed
- Lead Investor: Superscrypt
Stema partners with recruitment firms, serving as a career co-pilot specifically for engineering talent.
- Funding Amount: $1.7 million
- Funding Round: Seed
- Lead Investor: United Ventures
Letxbe’s AI platform helps companies organize and classify documents, extract information, and integrate data across management systems.
- Funding Amount: $1.2 million
- Funding Round: Pre-Seed
- Lead Investor: Takara Capital, Holnest
These fundraisings wouldn’t have been possible without these investors:
- BOND:: is a venture capital firm focusing on scaling high-growth technology companies.
- TVC Capital: is a growth equity firm focusing on enterprise software companies, helping them scale technology and software solutions with operational guidance and resources.
- Gradient Ventures: Google’s AI-focused venture arm, investing in AI-driven startups with transformative potential and providing both strategic and technical support.
- Yaletown Partners: invests in emerging technology ventures focused on sustainability and digital transformation, primarily in North America.
- VC 414: a U.S.-based venture capital firm investing in early-stage SaaS and B2B startups, providing resources to help refine products and scale business models.
- United Ventures: an Italian firm that backs European tech-driven growth, supporting startups with potential for technological breakthroughs and digital innovation.
- Bullhorn Ventures: the venture arm of staffing software Bullhorn, backing recruitment and workforce management innovations.
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