A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – HR TECH
- Doumi, a Chinese job board focussed on part-time & blue-collar jobs raises $40M series B from Tencent, Banyan VC and Bluelake Capital Link
- Welltok raises $34M in series E and looks to expand into new market Link
- Hired, a pre-assessed candidate sourcing platform adds $30M to series C raised in February Link
- VIP HRM, a cloud-based HRMS for SMBs raises $30M series B from JingDong, IDG Capital Partners and Yonghua Capital Link
- Axonify, a corporate learning management system for enterprises raises $27M from JMI Management, BDI Capital Link
- MitreFinch, a Cloud-based HRMS for SMB raises $24M PE funding from LDC Link
- JobToday, a job board focussed on the retail and hospitality industry, raises $20M to expand in EU and UK Link
- Handshake, a graduate job board raises $20M from Spark Capital and other existing investors such as Kleiner Perkins Caufield & Byers, True Ventures, Lightspeed Venture Partners and Lowercase Capital Link
- Everwise, an SF-based employee corporate development platform raises $16M in series B in a round led by Sequoia Capital , and investments from Canvas Ventures and Webb Investment Network Link
- Hixme, an employee benefits management platform for businesses raises $14M series B led by Propel Venture Partners along with existing investors Link
- BetterUp raises $12.9M and launches platform that connects employee with professional coaches Link
- Anyperk, an employee perks platform raises $11.5 in series A1 to expand on customer success, engineering and mobile tech Link
- Glint, a real-time employee feedback app adds $10M to raise a total of $37M in series C Link
- Newtopia, a Toronto-based health engagement platform raises $10M in series A Link
- OpenSesame, a Portland-based marketplace for corporate learning raises $9M Link
- Restless Bandits raises $8M to help companies dig through old resumes piles Link
- eMindful, an employee wellness platform using live interactive classrooms raises $7M series B led by LFE Capital along with existing investors Link
- Zugata, an employee feedback solution raises $7M in series A from Canaan Partners, General Catalyst and Redpoint Ventures Link
- Simpplr, a communication platform to promote engagement raises $6M in series A led by Northwest Ventures Link
- Source{d}, a recruitment startup that uses AI to match jobs to developers raises $6M in series A Link
- French payroll management startup PayFit raises $5.6M from Otium Venture and Xavier Niel Link
- CoCubes a hiring assessment company acquired by Aon Hewitt Link
- US-based private equity firm Symphony Technology has acquired Bond International Software, a staffing and recruitment software provider Link
- Datamatics, a workforce management service & timesheet management tool for employers got acquired by Kronos Link
- Oystir, an online career resource for STEM students, post-doctoral candidates and scientific professionals got acquired by Dropout for an undisclosed amount Link
SOME INTERESTING STARTUPS FOUND
City Sail (2015, London) – City Sail is a recruitment platform that uses artificial intelligence to analyze video CVs and rank candidates most relevant to the open positions.
Gebeya (2016, Addis Ababa) – Gebeya is a sourcing platform for tech talent in Africa. Candidates registered on the platform are trained and assessed to meet international standards.
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, $108M) – 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, $35.5M) – 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.
Gusto (2011, SF, $176M) – Previously Zenpayroll offers Payroll and tax automation. Backed by Google Capital, KPCB and YCombinator.
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, $46.5M) – 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 center 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.
IQNavigator (1999, Centennial, $44M) – Platform for vendor management. Backed by Sequel Venture Partners, The Hillman Company, Baker Capital and Colorado PERA.