A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – HR TECH
- Crossover Health, an employee healthcare provider raises $92M from private equity Gurnet Point Capital Link
- Dynamic Signal, a company communication platform for employee engagement raises $25M from Akkadian Ventures, Microsoft Ventures and Focus Ventures in addition to participation by existing investors, Trinity Ventures, Venrock, Rembrandt, and Time Warner Link
- Social chorus, a San-Franciso-based employee communication platform for diverse workforces raises $10M from Kohlberg Ventures Link
- Hopwork, a Paris-based freelance collaborative marketplace raises $5.3M from Serena Capital and ISAI Link
- Jvye, a platform for on-demand labor targeted at the CPG industry raises $4M Link
- Talentoday, a psychometric based assessment and career guidance platform raises $3.5M Link
- Fuzu a Finnish-Kenyan job board raises $1.9M to support business development and expansion from Finnfund, Barona and Polkuni L
ink - Workramp, an onboarding and training platform raises $1.8M seed round from Susa Ventures, Initialized Capital, Haystack, Liquid 2, Wei Fund, Elad Gil, Adrian Aoun, Charlie Songhurst, and Y Combinator Link
- HandyTrain, a mobile based corporate training platform raises $1M from Silver Range Investments, Lumina Datamatics and Shun Yoshida, Managing Director, Merrill Lynch, Tokyo and other angel investors Link
- Rewardz a Singapore-based corporate benefits provider sold majority stake to Japans’ Benefit One Link
- Egyptian recruitment firm Wuzzuf acquires job assessment platform Virphi for an undisclosed amount Link
- FillMyFork an employee facing rewards app that promotes healthy eating got acquired by Zipongo Link
SOME INTERESTING STARTUPS FOUND
CompIQ (2016, New York City) – CompIQ is a compensation management platform that helps enterprises determine compensation for different roles within an organization
FutureFuel (2015, Boston) – FutureFuel is a platform connecting graduate students and employers that would help pay off student debts. Employers commit to an annual debt repayment between 5% to 10% of the starting salary for 3 years along with salary offerings
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.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.