Plum announced details of its $6 million round of growth funding. Led by Pearson Ventures, other new investors include JFF Ventures and Strada Education Network. Existing investors Export Development Canada (EDC), Real Ventures, BDC Capital’s Women in Technology Venture Fund, EduLab Capital Partners, and Impact Engine also participated.
Plum enables employers to make better talent decisions using the predictive power of psychometric data. The solution can be used throughout the entire employee lifecycle, starting with the hiring function and supporting internal career mobility. New lead strategic investor, Pearson Ventures, is the corporate venture capital arm of Pearson, a leading global learning company. With a strong focus on diversity and inclusion, investing in talent and accelerating digital growth, Pearson shares Plum’s focus on the importance of human skills and expertise in the workforce. Similarly, new social impact investor Strada Education Network supports Plum’s belief that helping employees gain access to well-matched opportunities is personally fulfilling and professionally advantageous.
In this interview learn:
- What was happening in the market to make the timing right for Plum’s Series A.
- How Plum is used for internal and external hiring.
- Plum’s plans for this new funding.
- The deal’s impact on Plum’s customers, employees, and the market.
- What it was like to raise a Series A in this economic climate.
The Work Tech category continues to outperform tech at large for global VC investment. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q4 2022 report with a free membership.
Enjoy the discussion!