Emerging Work Tech Providers Blending Learning, Recruiting, Jobs, and Talent Mobility

One of the trends we’ve been most excited about over the last few years has been the emergence of Work Tech providers blending together learning, recruiting, jobs, and talent mobility into one offering. This trend has been highlighted on so many of our quarterly and yearly global Work Tech VC Look Back/Look Forward presentations. Many ask to see examples of providers, and we’re thrilled to deliver them in the table below.

Some high-level observations:

• Over the last 5.5 years, more than $715M has been invested in tech providers in this category. We tracked an average deal size of $21.68M across all Rounds/Stages. We tracked 33 deals across 31 tech providers in this emerging category during this timeframe.
• The providers come from learning, Educational institutions, Ed tech, recruiting, marketplace job boards, and talent management categories.
• Business models vary. Some charge consumers a tuition fee. Some charge the employer for the ability to develop and access a talent pool. Some look to be doing both.
• It’s not just about tech. While coding and tech skills are the prevalent focus, there are healthcare, sales, and more broad skills offerings. These solutions are not just targeting knowledge workers.
• This is diverse and global. Several of the products that we tracked focus on helping underrepresented groups get access to education or skills certifications and apprenticeships, internships, and jobs. In turn, they offer employers access to a more diverse candidate pool and the opportunity to invest in and engage with their developing and qualified talent pool. Others also focus on underserved markets, like LATAM and Africa, to do the same. You’ll also see offerings with a focus on AsiaPac, India, and country-specific products.
• Some providers extend post-hire and support internal mobility and upskilling. We expect to see a lot more of this as Educational institutions and Ed tech are looking at market opportunities in the B2B space.

Deals are tracked via hundreds of sources. Currency is converted to US dollars at the time of the announcement, using then-current rates. We study the Work Tech and HR technology market, but we are not financial analysts. None of our observations or predictions should be considered financial advice. We do our best to track all deals, but encourage you to share any details on deals we missed HERE.

To get access to more data like this as well as our ongoing reports on global Work Tech investment, and our research on global HR and workforce trends, be sure to subscribe to our free Market Insider Newsletter.

If you’re an investor at any stage and interested in meeting emerging startups and scaleups in the Work and HR Tech space, join us at the industry’s largest investor forum this October in Las Vegas, happening in conjunction with the HR Technology Conference and Exposition.

Learning and Recruiting Hybrid Deals 2018 to 1 Aug 2023

Deals from 2018 to 1 AUG 2023 that were with Work Tech providers offering one of several hybrid, jobs and learning, models.