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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300UK-Based Ravio Secures $12M to Disrupt Outdated Salary Practices with Live Benchmarking Tools
Ravio , a London-based compensation data platform, has secured a $12 million Series A round led by Spark Capital to transform how companies manage pay. With outdated compensation benchmarks often based on data that is over a year old, Ravio
Company NewsFiverr Announces First Quarter 2025 Results
Fiverr (NYSE: FVRR) delivered a strong start to 2025 with Q1 revenue of $107.2 million, up 14.6% year-over-year, and Adjusted EBITDA of $19.4 million, beating the midpoint of prior guidance. The company saw rapid growth in services revenue,
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
Company NewsQuantum Workplace Names Joe Holland as Chief Executive Officer to Lead Next Phase of Growth and Innovation
Quantum Workplace, a leading provider of employee engagement and performance management solutions, has appointed Joe Holland as its new CEO, marking a significant leadership transition as Co-Founder Greg Harris steps into a board role after
Company NewsADP Q3 FY25 Revenue Hits $5.6B with 6% Growth, EPS Climbs to $3.06
In Q3 of fiscal 2025, ADP reported robust financial performance with a 6% year-over-year revenue increase, reaching $5.6 billion, driven by solid results across both Employer Services and PEO segments. Adjusted EBIT rose 6% to $1.6 billion
EarningsTriNet Announces First Quarter 2025 Results
TriNet Group, a leading HR solutions provider for SMBs, reported its Q1 2025 results with $1.3 billion in total revenue, up 1% year-over-year. Despite macroeconomic challenges, the company delivered solid performance aligned with full-year
Venture CapitalIntuit to Acquire HR Platform GoCo to Build End-to-End HR Suite for SMBs
Intuit has announced its agreement to acquire GoCo, an HR and benefits platform focused on small and mid-market businesses. This strategic acquisition aims to transform Intuit’s Payroll into a full Human Capital Management (HCM) solution by
Venture CapitalCheckr Expands into Employment Verification with Acquisition of Truework
Checkr has announced its acquisition of Truework , a major player in income and employment verification. This strategic move allows Checkr to expand beyond background checks into the multi-billion dollar employment verification industry. Tr
Venture CapitalTapcheck Secures $225M to Scale On-Demand Pay Platform Across U.S. Workforce
PLANO, Texas- Tapcheck , a leading on-demand pay provider, today announced it has raised $225 million in combined equity and debt financing. This latest funding includes a $25 million Series A extension round led by existing investor, Peak
Venture CapitalPaychex Completes Acquisition of Paycor
Paychex has officially acquired Paycor in an all-cash transaction valued at approximately $4.1 billion. This strategic deal merges two HCM powerhouses and aims to create the industry's most comprehensive and flexible AI-driven HR and payrol
Venture CapitalHireRight Acquires ClearChecks to Expand SMB Screening Services with Next-Gen Technology
HireRight has announced the acquisition of ClearChecks , a background screening company focused on small-to-medium-sized businesses (SMBs). This move aims to enhance HireRight's self-service platform, backgroundchecks.com, by integrating Cl
Product NewsJosh Bersin Company's Galileo™ Leaps Ahead with Next-Gen Reasoning Model & Industry-Leading Skills and Jobs Knowledge Base
With a new reasoning model, Galileo™ Mercury release now features "chain of thought" processing for advanced AI capability. A New "Consultant Mode" transforms Galileo into an HR and organizational consultant. Vast datasets of jobs, skills,
Company NewsThe Adecco Group and Salesforce Launch New Company to Integrate Human and AI Talent
The Adecco Group, in collaboration with Salesforce, has launched a new company aimed at seamlessly integrating human and digital talent in the workforce. This venture will utilize Salesforce's digital labor platform, Agentforce, and Adecco'
Venture CapitalMarit Health Launches Groundbreaking Community-Powered Platform for Salary Transparency in Medicine, Secures $3.2M Seed Round
Marit Health , a newly launched platform designed to provide salary transparency for physicians and advanced practice providers (APPs), is revolutionizing the healthcare sector. Backed by $3.2 million in seed funding, Marit offers clinician
Company NewsPaychex Reports Q3 FY2025 Revenue of $1.51B and Adjusted EPS of $1.49, Announces Paycor Acquisition to Close in April
Paychex , Inc. reported a solid third quarter for fiscal 2025, achieving 5% year-over-year revenue growth and 6% growth in operating income. The company recorded $1.49 in adjusted diluted EPS, up 8% from the prior year. Notably, Paychex ent
Venture CapitalSpain’s HR Tech Firm Factorial Secures $120M in Non-Dilutive Funding to Accelerate Expansion in Germany, France, and Italy
Factorial , the Barcelona-based HR tech unicorn, has secured an additional $120 million in non-dilutive funding from General Catalyst, bringing its total borrowings from GC’s Customer Value fund to $200 million . This investment will fuel F
Product NewsOracle Expands Cloud HCM with AI-Powered Employee Engagement & Event Management
Oracle has introduced new communication and event management capabilities within Oracle ME, part of Oracle Fusion Cloud HCM, to enhance employee engagement and organizational culture. These updates allow HR teams to manage company-wide even
Product NewsLattice Debuts AI Agent for HR as HRIS Customer Growth Surges 250%
Lattice has introduced an AI-powered HR agent to streamline HR processes and enhance employee productivity. The AI agent automates responses to common HR inquiries, allowing HR teams to focus on strategic tasks like performance management a
Company NewsHR Tech Espionage Scandal: Rippling Sues Deel Over Alleged Trade-Secret Theft and Corporate Spying
A lawsuit filed by Rippling accuses Deel, a $12 billion HR tech unicorn, of orchestrating corporate espionage and trade-secret theft. The complaint alleges that Deel cultivated a Rippling employee as a corporate spy, who conducted thousands
Company NewsFirst HR AI Success Metrics Beyond "Saving Time" Emerge from Josh Bersin Company Analysis
The Josh Bersin Company has released a new analysis highlighting AI’s impact in HR, moving beyond the conventional focus on time-saving benefits. The study, based on SAP HR AI engagements, reveals concrete advantages such as a 95% accelerat
Venture CapitalTriNet Announces Sale of its Subsidiary Clarus R+D to Arvo Tech
TriNet (NYSE: TNET) has announced the sale of its subsidiary, TriNet Clarus R+D , to Arvo Tech , a company specializing in tax strategy solutions for small businesses. This divestiture aligns with TriNet’s strategy to focus on HR solutions
Venture CapitalCoAdvantage & PrimePay Merge to Elevate HR Tech for SMBs
Aquiline Capital Partners has announced the merger of its portfolio companies, CoAdvantage and PrimePay , to enhance human capital management (HCM) services for small- and mid-sized businesses. This strategic combination aims to offer a mor
Venture CapitalIndia’s HR SaaS Star Darwinbox Raises $140M to Expand HR Tech Disruption into the U.S.
Indian HR tech startup Darwinbox has raised $140 million in a funding round co-led by KKR and Partners Group, positioning itself to compete with Deel and Rippling. The company, which provides an all-in-one SaaS platform for hiring, onboardi
Venture CapitalHelios Raises $15.5M to Transform Global Payroll & Workforce Management with AI
Helios , an AI-powered workforce management platform, has secured $15.5 million in seed funding to enhance how global companies hire, manage, and pay their teams compliantly. Founded by HR tech innovator Rick Hammell, Helios integrates payr
Company NewsJosh Bersin Company Systemic HR Model Emerges as Global 2025 HR Best Practice
The Josh Bersin Company’s Systemic HR® is emerging as the dominant HR best practice for 2025, marking a fundamental shift in human capital management. This model, developed over two years and now a registered trademark, integrates AI, analy
Venture CapitalHeyMilo Secures $2.2 Million to Interview and Evaluate Candidates at Scale with AI Agents
HeyMilo , an AI-powered candidate screening platform, has secured $2.2 million in seed funding led by Canaan Partners, highlighting the growing demand for AI-driven hiring solutions. HeyMilo automates the early interview process using AI ag
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 CapitalTalent Intelligence Leader Loxo Raises $115M to Revolutionize AI Recruiting with Tritium Partners Investment
Loxo , a leading AI-powered talent intelligence platform, has secured a $115 million growth investment led by private equity firm Tritium Partners . This funding will accelerate AI and product development , further solidifying Loxo's positi
Venture CapitalKKR Acquires Stake in HRM Platform Employment Hero from SEEK Investments
KKR, a leading global investment firm, has acquired a stake in Employment Hero, a prominent HR management platform, from SEEK Investments. Despite this transaction, the SEEK Growth Fund will continue as a material investor in the company. E
Company NewsTriNet Reports $5.1 Billion FY 2024 Revenue with Strategic Growth Outlook
TriNet (NYSE: TNET), a leading provider of human capital management (HCM) solutions for SMBs, reported its Q4 2024 and full-year financial results. Revenue grew by 1% YoY to $1.3 billion for Q4 and $5.1 billion for FY 2024. Despite record w
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