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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Upwork Study Finds 64 Million Americans Freelanced in 2023, Adding $1.27 Trillion to U.S. Economy
The "Freelance Forward: 2023" report by Upwork reveals a significant shift in the U.S. labor market towards freelancing. With 64 million Americans, or 38% of the workforce, now freelancing, the sector contributes $1.27 trillion annually to
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 CapitalEspresa Raises $23 Million Series A Funding to Transform Personal Benefits for Global Workplaces
Espresa has successfully secured $23 million in Series A funding led by Clear Ventures, marking a significant milestone in the HR tech space. The funding aims to accelerate the expansion of Espresa's LSA Plus™ platform, a revolutionary pers
Venture CapitalMicro1's Game-Changing $1.3M Raise: Revolutionizing AI in Engineering Recruitment
Micro1 , an LA-based engineering recruitment company, has successfully raised $1.3 million in a new funding round, surpassing its initial goals. Founded by Ali Ansari, a UC Berkeley alumnus and seasoned entrepreneur, Micro1 leverages AI to
Company NewsWorkday Unveils New Generative AI Capabilities to Amplify Human Performance at Work
Workday has announced a suite of new generative AI capabilities aimed at amplifying human performance in the workplace. These features, showcased at the annual Workday Rising conference, promise to revolutionize how businesses manage produc
Venture CapitalDisprz Raises $30M in Series C Funding to Expand Presence in the US Market
MUMBAI, India-- Disprz, an AI-powered learning and skilling suite, has raised $30 Million in its Series C funding round led by Lumos Capital and 360 ONE Asset (IIFL), with participation from Kae Capital, KOIS, & Dallas Venture Capital. The
Venture CapitalGoLogiq Signs to Acquire Vietnam-Based Payroll and HR Fintech Platform, Symplefy, for $30 Million
NEW YORK, July 27, 2023 – GoLogiq, Inc. (OTC:GOLQ), a U.S.-based global provider of fintech and consumer data analytics, has signed a definitive agreement to acquire Symplefy , a provider of innovative payroll and end-to-end human resource
EarningsPaychex, Inc. Releases 2023 Fiscal Results
ROCHESTER, New York, June 29, 2023-- Paychex , Inc., announced the following results for the quarter ended May 31, 2023 (the "fourth quarter") and fiscal year ended May 31, 2023 ("fiscal 2023"), as compared to the corresponding prior-year p
Venture CapitalThe World’s Largest Talent Company Randstad Has Reached an Agreement to Acquire Grupo CTC in Spain From Portobello Capital
Randstad NV , the world’s largest talent company announces that it has signed an agreement to acquire Grupo CTC in Spain. Grupo CTC provides outsourced industrial, logistics, and sales & marketing services to customers in its home market of
Venture CapitalVERITONE CLOSES ACQUISITION OF BROADBEAN
Accelerates AI Leadership in Global Talent Acquisition and Recruiting Veritone HR Solutions delivers powerful suite of AI-enabled recruitment solutions to enhance operational efficiency, automation and data-driven hiring decisions for emplo
Company NewsVeritone Amplifies Its AI-Driven HR Solutions Suite with Broadbean Acquisition
Veritone, a leader in enterprise AI, has completed the acquisition of Broadbean, a global leader of SaaS technology from CareerBuilder, bolstering its AI-driven HR solutions. Broadbean's job distribution software, extensive network and data
Venture CapitalVeritone To Acquire Broadbean, Signifying Deeper, Global Commitment For Veritone’s AI-Powered Human Resources Solutions
Acquisition expected to be immediately accretive, generating annualized SaaS revenues of over $35 million, of which over $30 million is subscription-based with attractive margins Acquisition of Broadbean will advance current human resource
Company NewsIndeed Helps People Without College Degrees Get Jobs with Skill Connect
Indeed survey shows a majority of job seekers believe employers should consider skills rather than degrees when considering a candidate’s qualifications AUSTIN, Texas Indeed , a leading hiring platform, today launched Skill Connect , a new
Venture CapitalGREEK JOB BOARD OPERATOR KARIERA ACQUIRES CAREERBUILDER’S INTERNATIONAL BUSINESS
Kariera SA , a job board provider headquartered in Athens, Greece, has acquired the European and Asian businesses of job board operator CareerBuilder as it builds out its international operations. Kariera itself was formerly owned by Career
Venture CapitalQueensland edtech unicorn Go1 acquires popular German book app Blinkist as valuation hits $3 billion
May 9, 2023/-- Go1 , the Brisbane tech company founded in a garage that made unicorn status and kept going, has bought a German reading app which was last year valued at $US110 million. Go1, which reached a valuation of about $US2 billion l
ColumnLINKEDIN REVENUE UP 10% IN FISCAL Q3 AS MICROSOFT CEO REPORTS RECORD ENGAGEMENT
LinkedIn revenue rose 10% in constant currency to more than $3.70 billion; the increase was 8% on a reported basis. Microsoft Corp., which owns LinkedIn, reported earnings on Tuesday for its fiscal third quarter ended March 31. “We once aga
Product NewsManpowerGroup Reports 1st Quarter 2023 Result
Revenues of $4.8 billion (-8% as reported, -2% constant currency (CC)) Gross profit margin of 18.2%, up 80 basis points year over year reflecting continued strong pricing discipline and increased outplacement activity in Right Management Ma
OpinionRippling's Swift Crisis Management: A Lesson in Resilience and the Importance of Reliable Partners
In the ever-evolving world of business, a company's ability to adapt and overcome challenges is crucial for long-term success. Recently, Rippling, a workforce management company, found itself in the midst of a financial crisis when Silicon
Venture CapitalRippling Attracts $500M Series E Investment from Greenoaks, Upholding $11.25 Billion Valuation Seen in Previous Round
Rippling raises $500M in Series E financing Rippling has raised $500M in a round led by Greenoaks. The round values the company at $11.25 billion, the same as the company’s Series D financing in May 2022. This was an unusual round, raised i
EarningsAMN Healthcare Announces Fourth Quarter and Full Year 2022 Results, Revenue Falls 17% in Q4 with Decline in ‘Nurse and Allied Solutions,’ Revenue up in Other Segments
Quarterly revenue of $1.13 billion , 4% above high end of guidance; GAAP EPS of $1.88 and adjusted EPS of $2.48 DALLAS, Feb. 16, 2023 -- AMN Healthcare Services , Inc. (NYSE: AMN), the leader and innovator in total talent solutions for
Venture CapitalParis-based Brigad Raises $30 Million for its Freelancer Marketplace for Hospitality and Care Workers
French startup Brigad just raised a new $30 million funding round (€28 million) as well as more than $5 million in debt. The company operates a marketplace for restaurants, caterers, private clinics, retirement homes and hospitals so that t
Venture CapitalFrench Startup Welcome to the Jungle Grabs $54M in Series C Round for its Slick Job Platform
French startup Welcome to the Jungle has raised a new $54 million (€50 million) Series C round . The company secured the new funds from existing backers Revaia, XAnge, and Bpifrance, and new investors blisce, Cipio Partners, Groupe ADP,
Company News13.86 billion -2022 Global Investment and Financing in HRTech
According to DHR statistics, 412+ investment and financing events were generated globally in the past 2022, with a total investment and financing amount of $13.86 billion in the global HRTech field. Among them, by quarter, we can see that Q
Venture CapitalBGSF, Inc. Acquires Horn Solutions, Inc.
Acquisition Expands BGSF’s Position as a Leader in Consulting, Managed Services and Search PLANO, Texas-- BGSF , Inc. (NYSE: BGSF), a leading national provider of consulting, managed services and workforce solutions, announced today that it
Venture CapitalZylo Secures $31.5M Series C to Help Companies Reduce SaaS Costs and Operationalize Renewals
SaaS management leader accelerates growth and doubles new business during record-setting year; new investor Baird Capital leads round INDIANAPOLIS , Nov. 29, 2022 -- Zylo , the enterprise leader in SaaS Management, today announced $31.5
Venture CapitalThe Predictive Index Secures $30 Million Investment From JM Family Enterprises
JM Family Enterprises Joins The Predictive Index Board of Directors; Investment Funds To Support Product Performance and Network Effectiveness Boston, Mass — September 12, 2022 — The Predictive Index (PI) announced today a $30 million min
Venture CapitalRobin Raises $30 Million To Expand its Leadership Position as the Hybrid Work Platform for Companies Everywhere
Tola Capital Leads Round in High Growth Hybrid Workplace Company Creating Solutions that Put People Before Places BOSTON--( BUSINESS WIRE )-- Robin , the hybrid workplace company, today announced a $30 million Series C funding round led by
Venture CapitalCoachHub raises $200M Series C Funding led by Sofina and SoftBank Vision Fund 2
Digital coaching platform CoachHub plans to further expand in the Asia Pacific and other regions of the world after raising a $200 million Series C. The round, led by Sofina and Softbank Vision Fund 2, comes just eight months after the s
Venture CapitalEthena Raises $30M in Series B for Modern and Effective Compliance Training
We’ve grown so much in the past year, and we’re just getting started Less than a year ago, Ethena announced our $15.5 million series A , and we’re delighted to announce that we’ve raised an additional $30 million Series B to build out Ethen
Venture CapitalModern Compliance Training Startup Ethena Announces $30 Million Series B
BROOKLYN, N.Y. , June 7, 2022 /PRNewswire/ -- Ethena , a modern compliance training platform, announced it raised a $30 million Series B, led by Lachy Groom, with participation from existing investors including Felicis, Neo, Homebrew,
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