A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – HR TECH
- Visier, a people analytics and strategy platform raises $45M in Series D round funding led by Sorenson Capital with participation from existing investors Foundation Capital, Summit Partners, and Adams Street Partners. Link
- JobToday, a Luxembourg-based blue-collar sourcing platform closes $35M media for equity deal with RTL Germany, German Media Pool and Spain’s Atresmedia. Link
- Jelly Vision, a provider of employee benefits platform raises $20M funding from Updata Partners. Link
- WorkJam, a workforce management platform for hourly workers raises $12M strategic investment round from Lerer Hippeau Ventures, Blumberg Capital, Founder Collective and NovelTMT. Link
- Belong, a passive candidate sourcing platform raises $10M funding from Sequoia Capital India and participation from existing investors. Link
- Text Recruit, an intelligent text messaging platform for recruiters, raises $3M in Series A led by San Francisco-based firm Signal Fire. Link
- Purple Squirrel, a referral platform for recruitment raises $2.7M in seed funding led by CrossCut Ventures. Link
- MomentSnap, an Arlington-based employee engagement solution raises $2.3M in a seed round led by Bowery Capital and The Entrepreneurs’ Fund. Link
- Fairygodboss, a NY-based marketplace for women professionals to meet employers raises $1M in a seed round led by Mr. William Greenblatt, Chairman and founder of Sterling Talent Solutions. Link
- JobZology, a career management solution raises $750k seed funding led by Gary Comer, Inc. (GCI) based out of Chicago and included Syven Capital LP from Delaware and the Pinnacle Enterprise Fund of North Carolina. Link
- Tydy, an employee onboarding and engagement solution raises $275k from angel investors. Link
- Talmetrix, a Cincinnati-based employee engagement solution raises an undisclosed investment from Cleveland-based venture development organisation JumpStart. Link
- Ascentis, a human capital management solutions provider raises an undisclosed growth equity financing from Summit Partners. Link
- Asurint, a provider of background screening solutions raises an undisclosed investment from North Bridge Growth Equity. Link
- Venteny, a Philippines-based employee perks and benefits platform raises an undisclosed amount in seed funding round led by KK Fund. Link
- PMaps, a candidate assessment platform raises an undisclosed funding led by angel investor Shubhangi Jadhav. Link
- Stutern, a Nigeria-based internship platform raises seed funding from Remita Seed Fund. Link
- Candidate.Guru, a solution predicting culture-fit between companies and job candidates raises an undisclosed amount from The Florida Institute for the Commercialization of Public Research. Link
- PIXID, a temporary and flexible workforce management portal, acquires The Internet Corp, an applicant tracking system. Link
- Sage, an integrated accounting and payments software provider acquires Fairsail, a cloud-based HRMS solution for mid-sized organisations. Link
- Genesys, a provider of omnichannel customer experience and contact centre solutions acquires Silver Linings Solution Ltd., a provider of employee performance optimisation software. Link
- Saba Software, a SaaS-based talent management solutions provider, acquires Halogen software, a performance management solutions provider. Link
SOME INTERESTING STARTUPS FOUND
EnterpriseAlumni (2015, Palo Alto)- EnterpriseAlumni is a corporate alumni management solution to manage and engage the Alumni and retiree community.
CVNext (2016, Tel Aviv) – CVNext is a CV parsing and candidate shortlisting tool that uses semantic search and AI.
LEADER BOARD – HR TECH
HR Management Systems
Workday (2005, Pleasanton, IPO) – Cloud-based human resources, payroll and financial management suite. Went public in 2012.
Cornerstone OnDemand (1999, Santa Monica, IPO) – SaaS learning and talent management solution. Went public in 2011.
Zenefits (2013, SF, $584M) – Online payroll, benefits, HR and compliance management solutions. Backed by Fidelity, Andreessen Horowitz, Y Combinator and Khosla Ventures.
Silkroad (2003, Chicago, $192M) – Cloud-based solutions for recruiting, talent management, benefits and analytics.
Backed by Azure Capital, Crosslink Capital and Foundation Capital.
Namely (2012, NYC, $158M) – Cloud-based HR, Payroll, and benefits management solution. Backed by Sequoia, Matrix Partners, Lerer Hippeau Ventures and True Ventures.
HRMS – Performance Management
Badgeville.com (2010, Redwood City, Acq.) – Enterprise gamification solutions for clients and employees. Backed by InterWest Partners, Northwest Venture Partners, El Dorado Ventures and Trinity Ventures.
Betterworks (2013, Palo Alto, $45.5M) – Cloud-based goal setting, tracking and performance management. Backed by KPCB,8VC and FF Venture Capital.
HRMS – Performance Management – Employee Engagement
Guidespark (2008, Menlo Park, $42M) – HR communication tool for employee engagement. Backed by NEA, Storm Ventures and IDG Ventures.
Rewardgateway (2006, London, Acq.) – Cloud-based employee engagement platform. Acquired by International Benefits Holding in 2010.
HRMS – Payroll
Paylocity (1997, Arlington Heights, IPO) – Cloud-based Payroll and Human Capital Management software. Went public in 2014.
Justworks (2012, NY, $53M) – Cloud-based payroll and benefits management solution. Backed by Redpoint Ventures, Index Ventures, Bain Capital Ventures, Thrive Capital, Bain Capital, Daring Journey Ventures, LocalGlobe
HRMS – Benefits Management
CastlightHealth (2008, SF, IPO) – Employee healthcare management solutions. Went public in 2014.
Collective Health (2013, San Mateo, $119M) – Self-insurance SaaS platforms. Backed by Google Ventures, NEA, Founders Fund, Red Point Ventures, Maverick Capital, Formation 8 and RRE ventures.
Plansource (2002, Orlando, Acq.) – Cloud-based benefits management and HR solutions. Backed by Great Hill Partners and Lemhi Ventures. Acquired by CoAdvantage in 2008.
HRMS – Workforce Analytics
Visier (2010, Vancouver, $94.5M) – SaaS workforce analytics and planning. Backed by Adam Street Partners, Foundation Capital and Summit Partners.
Evolv (2007, SF, $42M, Acq.) – SaaS workforce performance analytics. Acquired by Cornerstone OnDemand in 2014.
HRMS – ATS Suite
Greenhouse (2012, NYC, $61M) – ATS for recruitment teams. Backed by Benchmark, Felicis, Lumia, Thrive and Social Capital.
Jobvite (2003, San Mateo, $55.5M) – SaaS platform for social recruiting, sourcing and talent acquisition. Backed by CMEA Capital, ATA Ventures and Trident Capital.
SmartRecruiters (2010, SF, $55M) – Cloud-based ATS and hiring platform. Backed by Insight Partners, Mayfield Fund, Salesforce and Rembrandt Venture Capital.
HRMS- ATS – Assessment
Hirevue (2004, South Jordan, $97M) – Web-based video interviewing platform. Backed by Sequoia, Granite Ventures, Investor Growth Capital and Technology Crossover Ventures.
HackerRank (2009, Bangalore, $20M) – SaaS platform to administer coding challenges. Backed by Khosla Ventures, Battery Ventures, SV Angels, YCombinator and ZenShin Capital.
Sourcing
Monster (1994, NYC, Acq.) – Job board and Online Career centre connecting recruiters with potential candidates. Went public in 1996.
Naukri (1997, Noida, IPO) – Career listing and job search portal. Part of Info Edge. Went public in 2006.
Glassdoor (2007, California, $201.5M) – Anonymous employee reviews and job search portal. Backed by Tiger Global, Google capital, Battery Ventures, Sutter Hill Investments and DAG Ventures.
Snagajob (1999, Glen Allen, $149M) – Job-board of hourly employment jobs. Backed by Rho Capital Partner, New Spring Capital, Invus, August Capital, Adam Street Partners, Baird Venture Partners and Croft & Bender.
Hired (2012, SF, $103M) – Pre-assessed technical hiring platform. Backed by Sherpa Capital, Lumia Capital, Google Ventures, NEA, SoftTech VC, Glenmede Trust, Ontario Pension Board and Sierra Ventures
Jobandtalent (2009, Madrid, $86M) – Job-board that connects candidates to job opportunities. Backed by Kibo Ventures, Qualitas Equity Partners and FJME Ventures.
ZipRecruiter (2010, Santa Monica, $63M) – Web-based, job-board distribution platform. Backed by IndustryVentures, Institutional Venture Partners and Basepoint Ventures.
HunterOn (2012,Shanghai, $60M) – Platform that connects company recruiters with headhunters. Backed by Sequoia Capital, IDG Capital Partners, UOB Venture Management and China Growth Capital.
Contingent Workforce Management
Peoplematter (2009, Charleston, Acq.) – SaaS workforce management suite. Backed by StarVest Partners, Scale Ventures Partners and Harbert Venture Partners.
WorkForce Software (1999, Livonia, $32.48M)- Cloud-based workforce management solutions. Backed by Insight Venture Partners, Triangle Capital, ORIX, K1 Investment Management.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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