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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300New York-Based Warp Raises $18M Series A to Build AI-Driven Payroll and Compliance Platform for Startups
Warp , a New York-based HR and payroll automation startup, announced it has raised $18 million in Series A funding , bringing its total funding to $24 million . The round was led by Sound Ventures , with participation from Y Combinator , HO
Venture CapitalLondon-based Origin Secures $21M Series A to Revolutionize Global Benefits Intelligence
Origin today launched the world’s first Global Benefits Intelligence platform, securing $21 million in a Series A led by Felix Capital (with Acadian Ventures and Notion Capital). Powered by its AI engine Cuido™, Origin centralizes and struc
Venture CapitalRippling Raises $450M in Series G, Valuation Soars to $16.8B as YC Becomes a Customer
Rippling has raised $450M in a Series G round, boosting its valuation to $16.8B. The round includes investors like Elad Gil, Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford, and Y Combinator. A $200M tender offer accompanies
Venture CapitalEngagedly Acquires hiringtool.co, a Next-Gen AI Applicant Tracking Platform (ATS), in Strategic Acquisition
On May 7, 2025, Engagedly, an AI-powered talent management platform, announced its acquisition of hiringtool.co, a GenAI-first applicant tracking system (ATS) tailored for startups and SMEs. This strategic move integrates intelligent hiring
Venture CapitalItalian-based Skillvue raises $6.3M to transform how companies discover and develop hidden talent
HR tech platform evolves from recruitment tool to comprehensive skills partner as organizations struggle to identify capabilities in both candidates and employees. Milan, May 05, 2025 -- While 70% of HR professionals desperately search for
Venture CapitalSan Diego’s HelloSky Secures $5.5M Seed Funding to Scale AI-Powered Executive Search Tool
HelloSky , formerly known as Skyminyr, has raised $5.5 million in an oversubscribed seed round to accelerate its AI-powered talent intelligence platform tailored for executive search. With $1 million in ARR already achieved and new leadersh
Company News“The Spy in the Slack Channel”: Inside the Silicon Valley Espionage Scandal Between Rippling and Deel
In a plot that feels more like the screenplay of a corporate thriller than a courtroom reality, two of Silicon Valley’s most celebrated HR tech unicorns—Rippling and Deel—are now locked in a high-stakes legal war involving secret communicat
Venture CapitalThatch Secures $40M Series B to Redefine Health Benefits from San Francisco
Thatch has secured a $40M Series B funding round led by Index Ventures, with participation from Andreessen Horowitz, General Catalyst, and ADP Ventures. The company aims to revolutionize employee healthcare by replacing outdated employer-co
Venture CapitalAI-Driven Hiring Platform Mercor Secures $100M Series B, Reaching $2B Valuation Amid Rapid Growth
Mercor , an AI-driven recruiting startup founded by three 21-year-old Thiel Fellows, has raised $100 million in a Series B funding round, valuing the company at $2 billion. Led by Felicis, with participation from Benchmark, General Catalyst
Venture CapitalSquarePeg Raises $3.5M to Revolutionize AI-Driven Recruiting for Lean HR Teams
SquarePeg has raised a $3.5 million seed round led by Next Frontier Capital, with participation from Acadian Ventures, Bread & Butter Ventures, and Silicon Road Ventures, to refine its AI-driven candidate evaluation platform. Designed for m
EarningsUpwork’s Q3 2024 Financial Results: $193.8M Revenue, Record Net Income of $27.8M, and 22% Adjusted EBITDA Margin
Upwork reported strong financial performance in Q3 2024, achieving a 10% year-over-year revenue increase, with GAAP net income reaching a record $27.8 million and adjusted EBITDA at $43.2 million. The company raised its full-year guidance a
Venture CapitalCareerminds Acquires Progression To Enhance AI-Driven Career Development Solutions
Careerminds , a global provider of outplacement and career development services, has acquired Progression , a UK-based SaaS company specializing in AI-powered career framework solutions. Progression's platform helps organizations build scal
Venture CapitalJet HR Raises €12M in Seed Funding to Revolutionize Payroll Automation in Italy
Jet HR , an Italian startup, has secured €12 million in Seed funding, bringing its total funding to €16.7 million. Founded by Marco Ogliengo and Francesco Scalambrino, Jet HR aims to simplify payroll and HR processes for businesses in Italy
Venture CapitalEvery Secures $22.5 Million Series A to Redefine HR Tech for Early-Stage Startups
Every.io has raised $22.5M in a Series A round led by Redpoint Ventures, with participation from Y Combinator, Okta Ventures, and Base10 Partners. The company's mission is to help tech founders focus on growth by simplifying and automating
Company NewsUKG Launches Global Operations Hub in Ireland
UKG , a leader in HR, payroll, and workforce management solutions, is set to more than double its workforce in Ireland by establishing a new Global Operations Hub in Kilkenny. Partnering with the Irish government through IDA Ireland, UKG pl
Venture CapitalRen Systems Secures $3.5M to Revolutionize Deal-Making with AI-Powered Insights
Ren Systems has secured a $3.5 million financing round led by JLL Spark Global Ventures, with participation from Camber Creek, ZoomInfo, and Contour Ventures, to enhance its AI-powered relationship intelligence technology. Ren, designed for
Venture CapitalCheckmate Raises $1.6 Million in Seed Funding to Expand Pre-Employment Screening Solutions in the U.S., Australia, and Southeast Asia
Checkmate, a leading provider of pre-employment screening solutions, has raised $1.6 million USD in Seed funding from Wavemaker Partners, Southeast Asia's top VC firm. This funding will support Checkmate's expansion into new markets, includ
Venture Capitalfinally raises $200M Series B with $50M equity and $150M credit facility
finally , an AI-driven, all-in-one finance and HR suite for small and medium businesses (SMBs), has raised $200 million in Series B funding, consisting of $50 million in equity from PeakSpan Capital and a $150 million credit facility from E
Venture CapitalSeries A Success: Thatch Secures $38M to Reinvent Health Benefits for All
Thatch , a health benefits platform, announced a $38 million Series A funding round led by General Catalyst and Index Ventures, aimed at decoupling health insurance from employment. The investment will enhance Thatch's technology and expand
Company NewsUKG Labs Ecosystem Doubles in Size, Adds Nine New Startups
UKG has announced that its UKG Labs, an in-house global startup ecosystem and virtual laboratory, has expanded to include 20 companies. This program accelerates innovation for the frontline workforce by supporting early-stage companies that
Venture CapitalNYC-Based Thera Secures $4M Seed Funding to Revolutionize Global Payroll and Payments
Thera , a New York City-based payroll and payments platform, has secured $4 million in seed funding, led by Y Combinator and other prominent investors. Founded by former Amazon engineer Akhil Reddy, Thera aims to simplify global payroll man
Company NewsUpwork Shatters Financial Records with $22.2M Net Income in Q2 2024
Upwork Inc. (Nasdaq: UPWK), reported its financial results for Q2 2024, showcasing a robust performance with a record GAAP net income of $22.2 million and a 15% year-over-year revenue growth to $193.1 million. The company achieved a dilute
Venture CapitalEma Secures $50M in Series A Funding to Revolutionize Workplace Efficiency with AI
Ema , a leading generative AI company, announced the increase of its Series A funding to $50M, bringing its total raised to $61M. The latest $36M addition was led by Accel and Section 32, with participation from several notable investors. E
Venture CapitalPassionfruit Closes $9m Series A Funding to Scale its Platform for Independent Work
Passionfruit , a London-based start-up founded in 2022, has secured $9 million in Series-A funding from prominent investors, including Seaya, Firstminute, and Playfair Capital. The platform connects freelance workers with companies such as
Venture CapitalTechWolf Raises $42.75M to Revolutionize AI-Driven Talent Management
TechWolf , a Belgian AI company, has raised $42.75 million in a Series B funding round led by Felix Capital, with participation from notable investors such as SAP, ServiceNow Ventures, and Workday Ventures. Founded in 2018 by Andreas De Nev
Venture CapitalCadana Secures $7.4 Million to Enable Seamless, Compliant Payroll Services in Emerging Markets for Global Hiring Platforms
Cadana , a pioneering global payroll technology company, has secured $7.4 million in funding to enhance its services in emerging markets. Specializing in seamless and compliant payroll solutions, Cadana's APIs and white-label products are d
Product NewsBorderless AI and Cohere Launch Alberni: The First AI Agent Revolutionizing Global HR
Borderless AI , the pioneering AI-powered HR platform, has partnered with Cohere to revolutionize the HR industry with tailored AI agents. The partnership aims to streamline global HR challenges such as onboarding, payroll, and compliance,
Venture CapitalRising Team Raises $8 Million Series A and Introduces Personalized AI Leadership Coach for Building High-Performing Teams
Rising Team, based in Menlo Park, California, has successfully secured $8 million in Series A funding led by Zeal Capital Partners. This investment will support the expansion of its team performance platform, focusing on AI enhancements, hi
Venture CapitalAshby Announces $30M Series C
Ashby , a rapidly growing recruiting platform, has secured an additional $30 million in equity financing, bringing their total raised to approximately $70 million. The Series C round, led by Lachy Groom with contributions from Elad Gil, F-P
Venture CapitalWorky Raises $6 Million to Drive Growth and Accelerate Adoption of Cloud-Based HR and Payroll Solution in Mexico
Worky , an all-in-one HR and payroll software designed for Mexican companies, recently secured $6 million in Series A funding led by Atlántico and ADP Ventures. Founded in 2018, Worky aims to modernize employee recruitment, management, and
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