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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Paychex Declares Quarterly Dividend and Authorizes $400 Million Stock Repurchase
ROCHESTER, N.Y. Paychex, Inc ., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, today announced a quarterly dividend of $.89 per share pay
Venture CapitalRemuner, a Barcelona Startup, Secures €2M Funding to Transform Variable Compensation Management with AI
In a remarkable stride for the HR technology sector, Barcelona's emerging AI startup, Remuner , has successfully closed a €2 million Pre-Seed funding round. This significant milestone, led by the Silicon Valley-based fund Pear VC, comes mer
Venture CapitalEmpowering the Workforce: weavix Raises $23.6M in Series B for AI-Enhanced Worker Connectivity
weavix , a Wichita-based technology firm, has announced a significant milestone in its growth journey by securing $23.6 million in Series B funding. This investment round, led by global software investor Insight Partners, with contributions
Company NewsWorkleap: Pioneering AI in Talent Management for a Revolutionary Employee Experience
Workleap, a leader in employee experience software, has integrated advanced AI capabilities across its product suite, including Officevibe, Onboarding, and Skills. This strategic move addresses the increasing demand for innovation in talent
Product NewsPerformYard Secures $95M for Revolutionary Staff Performance Tools
PerformYard, a staff performance management platform, recently raised $95 million in funding led by Updata Partners. Founded by Ben Hastings and Jon Malpass, PerformYard provides tools for employee reviews, goal setting, and feedback, integ
Venture CapitalDutch Innovation Unleashed: Bubty Secures €1.75M Seed Funding for Its White-Label Freelance Management Platform
Dutch startup Bubty , specializing in freelance workforce management, has secured a €1.75 million seed investment to bolster its innovative, white-label external workforce technology. This platform enables companies to build custom talent p
Venture CapitalVestwell's Series D Success: Paving the Future of Fintech with $125 Million
Vestwell, a trailblazer in the savings platform sector, has successfully raised $125 million in its Series D funding round. This significant investment, led by Lightspeed Venture Partners and supported by other key investors, marks a major
Venture CapitalIntelliBoard Secures New Funding to Accelerate Growth and Help Organizations Improve Learning Outcomes
IntelliBoard, a prominent provider of learning analytics, has successfully secured new funding led by Advantage Capital and Connecticut Innovations. This strategic investment aims to propel IntelliBoard's growth and enhance learning outcome
Product NewsPaychex, Inc. Reports Second Quarter and Mid-year Fiscal 2024 Results
Paychex , Inc.'s Fiscal 2024 mid-year report impresses with a 6% revenue increase to $1.2579B in Q2 and $2.5439B for 6 months. Operating income rose 7% to $506.2M in Q2, while diluted EPS soared 9% to $1.08. Growth driven by 4% rise in Mana
Product NewsAon’s $13.4 Billion Gamble: Acquiring NFP to Dominate the Middle Market
Expands Aon's presence in large and fast-growing middle-market segment, with opportunity to enhance distribution through the firm's Aon Business Services platform to deliver more value to clients Brings together two cultures with a shared c
Venture CapitalTuMeke Secures $10M in Series A from Intel Capital: Revolutionizing Ergonomic Safety in Manufacturing
TuMeke , an innovative company combining AI and ergonomics for workplace safety, recently secured $10M in Series A funding led by Intel Capital. The funds will support the expansion of TuMeke's expert team, dedicated to revolutionizing inju
Venture CapitalSalt Labs Raises Additional $8M to Bring Loyalty Earned Assets to the Workforce
Third Prime invests $8 million in Salt Labs, bringing the total amount raised by the company to $18 million in less than a year NEW YORK , Dec. 19, 2023 Salt Labs , a loyalty and financial technology company that bridges the gap be
Venture CapitalCareerFairy's Innovative Leap: Securing Multimillion-Euro Investment for Gen Z Recruitment Revolution
CareerFairy , a trailblazing video recruiting platform based in Zurich, Switzerland, has secured a multimillion-euro investment to revolutionize the job search for Generation Z. Spearheaded by European media giant Mediahuis, alongside notab
Venture CapitalnCoreHR's EUR2M Boost: Pioneering Recruitment Tech on a Global Scale
nCoreHR , a Milan-based company specializing in HR technology, provides a cloud-based platform for automating recruitment processes. Their software focuses on reducing non-core operations for HR professionals, improving efficiency in handli
Venture CapitalLisbon's Paynest Secures €2M for Pioneering Employee Financial Solutions
Paynest , a Lisbon-based financial wellbeing platform for employees, has recently secured a €2 million seed investment to fuel its European expansion. Led by Lince Capital, with contributions from BlueCrow Capital and others, this investmen
ColumnADP Named Market Leader in Global Payroll by Everest Group, NelsonHall and Ventana Research
Three Major Industry Analyst Rankings Highlight ADP's Strengths in Geography, Technology, Customer Experience and Analytics ROSELAND, N.J. , Dec. 13, 2023 In three separate recent reports by leading industry analysts, ADP was recognized a
Venture CapitalMedefy Health Clinches $10M Series A to Revolutionize Healthcare Navigation
Medefy Health , a trailblazer in mobile-first healthcare benefits navigation, has secured a significant $10 million in Series A funding. This investment, spearheaded by Mercury Fund and Advantage Capital, is set to bolster Medefy's AI and t
Venture CapitalLondon-based Harriet raises $1.5 million to revolutionise HR with full-stack AI solution
Harriet , a U.K.-based HRtech company, has recently secured $1.5 million in pre-seed funding led by Concept Ventures. The investment, with contributions from Notion Capital, Frontline Ventures, and Portfolio Ventures, aims to enhance Harrie
Venture CapitalElatra: Revolutionizing Tech Industry with $200K Funding
Elatra, a California-based digital coaching platform, has secured $200K in funding. Led by CEO Natalia Drogolchuk, the company aims to revolutionize tech business coaching with a focus on enhanced user experience and personalized tools, eye
Venture CapitalContactMonkey secures $55M in Series A funding, led by Updata Partners
ContactMonkey, an innovative internal email communications platform, has recently secured a significant $55 million in Series A funding from Updata Partners. This investment comes at a crucial time when employee engagement is increasingly v
Venture CapitalRevolutionizing SME Insurance: Mulberri Raises $6.75M in Series A
Mulberri , an innovative AI-driven embedded business insurance platform, recently announced a successful $6.75 million Series A funding round led by Eos Venture Partners. This significant investment, with contributions from Hanover Technolo
Product NewsWorkleap acquires US-based Pingboard, an employee experience SaaS company recognized for its industry-leading org chart and employee directory capabilities
After receiving a $125M CAD investment from CDPQ, Workleap made an acquisition to accelerate its growth strategy, increase market share and broaden product offerings. MONTREAL , Dec. 6, 2023 Workleap , a leading software company behind p
Venture CapitalCanadian AI-Powered Engagement Platform ThoughtExchange Lands $13.5M Equity Investment for Business Expansion
ThoughtExchange, a leading AI engagement and survey platform, recently secured a substantial $13.5M equity investment. This financial boost, led by InBC Investment Corp. along with various established investors, underlines the platform's in
Venture CapitalIndian SaaS Powerhouse ProHance Gains Major Investment from ChrysCapital
ProHance, a leading workplace analytics and operations management SaaS provider, announced a significant investment from ChrysCapital, a prominent Indian investment firm. This strategic move is set to accelerate ProHance's global expansion,
Product NewsPaylocity acquires Trace, an innovative solution for headcount planning
On December 1, 2023, Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, announced its acquisition of TraceHQ.com, Inc., a company offering an innovative solution for headcount planning. This acqui
Venture CapitalExectras' Game-Changing Moment: $30 Million Financing from Tacora to Boost SMB Services
Exectras , a prominent service provider for small and medium-sized businesses (SMBs), recently completed a significant debt financing deal with Tacora Capital, securing up to $30 million. This funding will drive the acquisition of merchant
Venture CapitalKahuna Workforce Solutions Raises $21M in Series B to Transform Frontline Skills Management
Kahuna Workforce Solutions recently secured a $21 million Series B funding from Resolve Growth Partners to enhance its skills management technology for frontline workers. This significant investment marks a milestone in Kahuna's growth traj
Company NewsWorkday Announces Fiscal 2024 Third Quarter Financial Results
·Fiscal Third Quarter Total Revenues of $1.87 Billion, Up 16.7% Year Over Year ·Subscription Revenues of $1.69 Billion, Up 18.1% Year Over Year ·12-Month Subscription Revenue Backlog of $6.05 Billion, Up 21.9% Year Over Year PLEASANTON, C
Venture CapitalGoldman Sachs Leads $45M Investment in Candex for Asian Market Expansion
Candex , a leading player in the procurement management industry, has recently garnered a significant $45 million in Series B funding, primarily led by Goldman Sachs. This investment, boosting Candex's total capital to $85 million, is earma
Venture CapitalAlto Neuroscience Secures $45M in Game-Changing Series C Round for Mental Health Breakthroughs
– New investors include InVivium Capital, Franklin Templeton, Point72, Eli Lilly and Company, and Alexandria Venture Investments – – Funds will be used to support ongoing and planned late-stage clinical development of CNS product candidates
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