Global Work Tech VC Quarterly Reports
Q3 2019 Global HR Tech Investment Update
Global HR technology investment in Q3 took 2019 past 2018's annual total. Here are a few things that stood out to us as we tracked and compiled the data: We tracked USD $964 million of investment in HR technology in Q3 2019. While that looks like a dip on the quarter...
Q2 2019 Global HR Tech Venture Capital Review
Q2 continued the HR technology VC momentum across all categories. Here are a few things that stood out to us as we tracked and compiled the data: You won't find a slow down here. We tracked $1.448 Billion USD of VC investment in Q2 2019. That's bigger than any quarter...
Q3 2018 HR Tech Venture Capital Review
Q3 surpassed all expectations for global HR technology venture capital investment, itself exceeding all of the VC we tracked in 2017 and bringing the year-to-date (YTD) 2018 dollar volume to nearly triple what was invested last year. With nearly $1.2 Billion USD...
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Singapore-based Impress.ai Raises $3m for Conversational Recruiting Tech
Singapore-based impress.ai announced a USD $3 million Seed round of venture capital funding for its conversational recruiting tech. This brings its total raised to $4.4 million. Impress.ai operates a no-code, self-service platform that is highly focused on simplifying...
China-based Beisen Raises USD $260 Million for Low Code Core HR and Talent Management
China-based Beisen announced a USD $260 million Series F round of venture capital for its low code core HR and talent management platform. Claiming to be China's largest HR SaaS and talent management platform, this brings its total raised to $388 million. It is...
Legion Raises $50 Million for AI-powered Workforce Management
Legion announced a $50 million Series C round of venture capital for its AI-powered workforce management solution. This brings its total raised to $85.5 million. Workforce managment tech is core to getting work done. If you consider what the vast majority of jobs look...
UK-based Unmind Raises USD $47 Million to Tie Clinically-Backed Insights on Employee Mental Wellness to Business Impact
UK-based Unmind announced a USD $47 million Series B round of venture capital funding for its employee mental wellness app. This brings its total raised to $63.2 million. Unmind's co-founder and CEO Nick Taylor is a clinical psychologist. It's an important distinction...
Handshake Founder Dumpster Dives and They Emerge Work Tech’s Latest Unicorn Focused on Early Career Jobs and Internships
Years have passed since Handshake founder Garrett Lord's dumpster dive that he claims inspired the creation of the company and this week's announcement of its $80 million Series E round of venture capital funding with a new valuation of $1.5 billion. Still, it makes...
Zenovate Raises $1 Million for Employee Wellbeing
Zenovate announced a $1 million Seed round of venture capital as it pivots from providing on-demand physical wellness services like massage onsite to employers to a virtual wellbeing app providing teletherapy, physical wellness classes, and mental wellness in addition...
Collective Health Raises $280 Million for Integrated Health Insurance and Tech for Employers with Self-funded Benefits
Collective Health announced a $280 million Series F round of venture capital for its integrated health insurance and benefits platform for self-funded employers. This brings its total raised to $719 million. The Collective Health platform aims to help employees...
Australia-based SafetyCulture Raises USD $73 Million for Workplace Safety and Becomes Latest Work Tech Unicorn
Australia-based SafetyCulture announced a USD $73 million Series D round of venture capital for its workplace safety inspection and observation app. This brings its total raised to $222.8 million. The company also announced a valuation of $1.6 billion making it the...
WorkBoard Raises $75 Million for OKR-based Performance Management in A Crowded Category Where One Size Never Fits All
WorkBoard announced a $75 million Series D round of venture capital for its OKR-based performance management app. This brings its total raised to $131 million. Performance management has moved away from forced rankings and annual reviews to more goal-based approaches...
Fuel50 Raises $15.5 Million for Internal Mobility – A Category Without A Clear Owner
Fuel50 announced a $15.5 million Series B round of venture capital funding for its internal mobility app. This brings its total raised to $36.1 million. Positioning itself as a "talent marketplace," the company, from its inception, has been focused on career pathing...
Utmost Raises $21 Million to Become the Vendor Management System for Workday Customers but The Market Needs More Than That
Utmost announced a $21 million Series B round of VC for its vendor management system (VMS). This brings its total raised to $32.2 million. There's a renewed focus on the independent (aka contingent) workforce in the work tech market. Like many trends that were...
France-based PeopleSpheres Raises USD $10 Million for HR Platform as a Service
France-based PeopleSpheres announced a $10 million round of venture capital for its Platform as a Service (PaaS) solutions focused on integrating existing HR tech into a flexible and extendable platform. PaaS is an architecture in cloud computing that provides a...
Arc Crowdsourced $1M for Its Job Board Marketplace Focused on Remote Developers
Arc announced a crowdsourcing round of $1 million for its job board marketplace focused on remote developers. Arc has several of the elements of the emerging modern job board marketplace: Specialization: Remote developersValue add: Skills certification for developers,...
Firstbase Raises $13 Million for Remote Workforce Infrastructure
Firstbase announced a $13 million Series A round of venture capital for its remote workforce infrastructure app, bringing its total raised to $15.1 million. Its software platform helps companies set up, manage, maintain and retrieve all physical equipment remote...
Israel-based Connecteam Raises USD $37 Million for Deskless Workforce Management
Connecteam announced a $37 million Series B round of venture capital for its workforce management app for deskless workers. This brings its total raised to $38 million. Founded in 2016, Connecteam’s 10,000-plus global customers span 60 countries. During 2020, the...