Fundraising in the HrTech industry is vital for innovation and growth. As businesses worldwide prioritize optimizing their workforce, HrTech companies develop solutions to streamline HR processes and improve efficiency. This competitive sector attracts investors seeking tangible value through automation, data analytics, and employee engagement tools.

September marked a significant milestone as fourteen HrTech startups secured 282$ million in funding, enabling them to expand and explore new possibilities.

This achievement is a testament to forward-thinking investors who see the potential in this evolving sector. Their support ensures a promising future for HrTech, creating numerous opportunities for growth.

HrTech Fundraising - September 2023
HrTech Fundraising - September 2023

Beam is an employee benefits company that provides dental, vision, life, and disability services for businesses and their employees.

  • Funding Amount: $ 40M
  • Funding round: Venture - Series Unknown
  • Lead Investors: -

Transfr is creating pathways to connect education and careers globally, offering new opportunities for talent. This involves immersive technology-driven training in collaboration with schools, businesses, and governments.

  • Funding Amount: $ 40M
  • Funding round: Series C
  • Lead Investors: ABS Capital Partners

Lepaya is a forward-thinking startup revolutionizing professional development and learning through innovative technology and customized training experiences. Their mission is to empower employees and drive business growth in today's dynamic landscape.

  • Funding Amount: $ 38M
  • Funding round: Venture - Series Unknown
  • Lead Investors: Endeit Capital

ZayZoon provides employees with the ability to access a portion of their earned wages before their regular payday, helping them manage their finances more effectively.

  • Funding Amount: $34.5M
  • Funding round: Series B
  • Lead Investors: Export Development Canada, Framework Venture Partners

Zaggle offers solutions for expense management, rewards, and payments that can be beneficial to HR professionals and organizations in managing financial aspects related to employee benefits and expenditures.

  • Funding Amount: $ 30M
  • Funding round: Undisclosed
  • Lead Investors: -

PowerUs is an online career platform tailored for technical blue-collar professionals, providing them with the tools and resources to advance in their careers and discover improved job opportunities.

  • Funding Amount: $24M
  • Funding round: Series A
  • Lead Investors: -

Betterleap is an AI copilot designed to boost recruiter productivity by simplifying sourcing, automating outreach, and harnessing ATS integrations for data analysis, resulting in a tenfold increase in efficiency.

  • Funding Amount: $13M
  • Funding round: Seed
  • Lead Investors: Andreessen Horowitz, Peak State Ventures

Deskbird offers a user-friendly experience, enabling users to check office occupancy and adjust schedules. It provides insights into colleagues’ whereabouts, while admins can access office and workforce analytics and other features.

  • Funding Amount: $ 13M
  • Funding round: Series A
  • Lead Investors: -

An employee experience platform that allows users to find information and get help at work.

  • Funding Amount: $ 11M
  • Funding round: Seed
  • Lead Investors: Blume Ventures, Matrix Partners India

The Wise Seeker focuses on recruitment, employment, digital assessment, consulting, digital evaluation, and human resources services.

  • Funding Amount: $ 10M
  • Funding round: Series A
  • Lead Investors: Moira Capital Partners

Erudit AI is a data-driven tool that enhances executive leadership capabilities by offering dependable, up-to-the-minute insights into team and department performance.

  • Funding Amount: $ 10M
  • Funding round: Series A
  • Lead Investors: Athos Capital, Conexo Ventures, Fondo Bolsa Social, IGNIA, True Blue Partners

Kenjo is a software company that offers a cloud-based platform for managing HR processes and internal communications, tailored for frontline workers.

  • Funding Amount: $ 8.8M
  • Funding round: Series A
  • Lead Investors: Hi Inov - Dentressangle

KUPU is a mobile recruitment application powered by artificial intelligence, catering to both business owners and job seekers.

  • Funding Amount: $ 6M
  • Funding round: Seed
  • Lead Investors: Ascend Global Investments

Bondy is an HR tech platform that prioritizes enhancing the employee experience. It streamlines HR processes, automating tasks such as CRM management, document requests, and employee support.

  • Funding Amount: $ 3.7M
  • Funding round: Seed
  • Lead Investors: Smart Money Ventures

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

  • True Blue Partners:: is an investment banking company providing investment for entrepreneurs in IT.
  • IGNIA: is an early-stage VC investing in global entrepreneurs developing tech solutions.
  • Fondo Bolsa Social: it’s a venture capital fund that invests in startups or new companies that generate positive social and environmental impact.
  • CABS Capital: invest in business and education services, information, communications technology, and more.
  • HI Inov: is a venture capital firm focused on early-stage investments in B2B digital startups.
  • Blume Ventures: provides pre-series A and early-stage funding to tech-focused/tech-enabled ventures.
  • Framework Venture Partners: a venture capital firm that combines a data-driven investment decision process with a collaborative engagement model.
  • Andreessen Horowitz: a stage-agnostic venture capital firm with assets under management across multiple funds.
  • Peak State Ventures: is a venture capital firm investing in the Future of Work.

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