HrTech Fundraising of the month - April 2024
Introduction
April had big numbers in its pocket for the HR Tech space! 15 startups raised $538.2M in funding.
15 Investors led these funding rounds, increasing the investment in the HR Tech sector, as there is still lots of interest in the industry, especially around AI.
As businesses navigate the challenging complexities of workforce management, $538.2M in funding will mark a profound shift in human capital optimization. And 15 startups can build the best human-centered solutions in HR Tech.
So, who are these 15 startups shaking up HR Tech as we know it? Keep reading to know more.
Rippling is a workforce management platform to automate employee lifecycle, from applicant tracking and payroll to IT and expenses.
- Funding Amount: $200M
- Funding round: Series F
- Lead Investors: Coatue, Founders Fund, Greenoaks
Pigment is a platform that offers strategic decision-making and planning processes for forward-thinking organizations to scale their strategic finance team's playbook aggregating HR, Financial, and marketing data.
- Funding Amount: $145M
- Funding round: Series D
- Lead Investors: ICONIQ Growth
Homebase combines scheduling, time tracking, payroll, and other HR tools to win time and improve work management efficiency.
- Funding Amount: $60M
- Funding round: Series D
- Lead Investors: L Catterton Growth
Nectar HR, an employee recognition and rewards platform, to help businesses build robust workplace cultures.
- Funding Amount: $40M
- Funding round: Series B
- Lead Investors: PeakSpan Capital
Modal is an online upskilling platform, offering on-demand coaching and pedagogical approaches.
- Funding Amount: $25M
- Funding round: Series A
- Lead Investors: Left Lane Capital
Cariloop is a caregiver support platform for companies to support their working caregivers and drive employee wellbeing, productivity, and retention.
- Funding Amount: $20M
- Funding round: Series C
- Lead Investors: ABS Capital
FYLD, is an AI-powered field work execution platform, with real-time data analysis to make proactive and informed decisions.
- Funding Amount: $20M
- Funding round: Series A
- Lead Investors: Ontario Teachers’ Pension Plan
Home From College is a career platform targeting Gen Z, offering flexible job opportunities, either part-time jobs, internships, or freelance gigs.
- Funding Amount: $5.4M
- Funding round: Seed
- Lead Investors: GV
Alleo, an employee benefits and compensation platform, dedicated to enhancing employee benefits and compensations.
- Funding Amount: $5.4M (€5M)
- Funding round: Series A
- Lead Investors: Mediahuis Ventures
Paraform, is a recruitment platform committed to enhancing the human-to-human recruitment process with AI integration to make sure recruiters and startups match with potential candidates.
- Funding Amount: $3.6M
- Funding round: Seed
- Lead Investors: A*
Take2, a NYC-based AI-powered job simulation platform for sales recruiting and training, helps companies generate tailor-made simulations of real-world sales scenarios.
- Funding Amount: $3M
- Funding round: Seed
- Lead Investors: Reach Capital & SemperVirens
Veremark is a background screening company that runs pre-hire checks to reduce the risk of hiring or working with underqualified or unsuitable profiles.
- Funding Amount: $3M
- Funding round: Pre-series B
- Lead Investors: Samaipata
Scheduler AI, an AI-driven scheduling solution automating booking meetings.
- Funding Amount: $2.79M
- Funding round: Seed
- Lead Investors: —
Huzzle is an early careers platform connecting students, societies, and employers, matching students with entry-level opportunities based on their interests and goals.
- Funding Amount: $1.8M (€1.67M)
- Funding round: Pre-Seed
- Lead Investors: 10X Founders
Bluwork, an Egypt-based HR Tech startup, caters to employees’ needs by automating and streamlining HR and operational tasks.
- Funding Amount: $1M
- Funding round: Seed
- Lead Investors: Khawarizmi Ventures
Here’s a list of some lead investors in the HrTech sector 👇
- Founders Fund: Early-stage tech investor, known for disruptive startups.
- ICONIQ Growth: Growth equity firm focused on tech companies.
- L Catterton Growth: Consumer-focused private equity, targeting growth-stage consumer companies.
- PeakSpan Capital: Growth-stage VC specializing in SaaS and enterprise software.
- Streamlined Ventures: Streamlined Ventures is a seed-stage investment firm focusing on Data Science, APIs, Blockchain/Web3, AI, and Software Automation.
- Left Lane Capital: Growth-stage VC for e-commerce and consumer internet.
- ABS Capital: Growth equity in tech, healthcare, and business services.
- Ontario Teachers’ Pension Plan: Large pension fund with global investments.
- Plural: Early-stage VC for tech startups.
- Khwarizmi Ventures: Khwarizmi Ventures is a venture capital firm that seeks investments in startups with a passion for algorithms.
- Mediahuis Ventures: VC arm of European media company, investing in innovative startups.
- Google Ventures: Venture capital arm of Alphabet (Google), investing across sectors.
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