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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Deel Secures New Investors in $300M Secondary Share Sale, Achieves $800M Run-Rate
Deel , a global leader in payroll and HR technology, announced that new anchor investors, including General Catalyst and a sovereign fund, have acquired $300 million in secondary shares from early investors. This is not new funding but a se
Product NewsEnvoy Introduces Virtual Front Desk Mobile to Streamline Access and Enable Virtual Assistance for Today’s Dynamic Workforce
Envoy has launched Virtual Front Desk (VFD) Mobile , a new solution designed to revolutionize workplace assistance by providing employees and visitors with real-time support, remote access, and seamless navigation via the Envoy mobile app.
Venture CapitalFinal Round AI Secures $6.88M in Oversubscribed Seed Funding to Transform the Job Search Journey
Final Round AI has raised an oversubscribed $6.88 million seed funding round, led by Uncork Capital and supported by investors like HF0, Linear Capital, and Sky9 Capital. The company is redefining job searches with its Interview Copilot ,
Venture Capital15Five Acquires Kona, the AI-Powered Manager Effectiveness Coach for Remote Managers
15Five , a performance management platform, has acquired Kona, an AI-powered manager coaching tool designed for remote work environments. The acquisition strengthens 15Five's position as a leader in addressing manager skill gaps and improvi
Venture CapitalBelfry Raises $12 Million Series A to Accelerate Innovation and Growth
Belfry Software , a platform designed for physical security providers, announced it has raised $12 million in Series A funding, led by Base10 Partners, with contributions from Bienville Capital and Aglaé Ventures. The funding increases Belf
Venture CapitalTenor Announces $5.4M Seed Funding to Scale AI for Leadership Development
Tenor , a new player in the HR technology landscape, has emerged from stealth mode with $5.4 million in seed funding led by Base10 Partners. Focused on revolutionizing leadership development, Tenor leverages AI-driven simulations to enhance
Product NewsSense Releases Conversational Voice AI to Transform Candidate Engagement with Automated Phone Calls
Sense has unveiled its groundbreaking Conversational Voice AI , revolutionizing talent engagement by automating phone conversations for sourcing, screening, and scheduling. Integrated with Sense's powerful Recruiting Automation and Messagin
Venture CapitalAI Leader Grammarly to Acquire Coda, Bring on New CEO
Grammarly , a leader in AI communication tools, announced its acquisition of productivity platform Coda . This move aligns with Grammarly’s vision to evolve into a comprehensive AI productivity platform, integrating Coda's flexible tools an
Product NewsRemote Unveils AI-Powered Recruit AI to Tackle Global Hiring Challenges
Remote has unveiled Recruit AI , a groundbreaking AI-driven hiring solution designed to tackle the complexities of global recruitment. With "Matches," an intelligent candidate matching tool, the platform identifies top talent worldwide by a
Venture CapitalStretchDollar Secures $6M to Redefine Health Benefits for SMBs with ICHRA Innovation
StretchDollar , a startup revolutionizing small business health benefits, has secured $6M in seed funding led by Fika Ventures and Oscar Health. The platform simplifies complex healthcare management through an innovative Individual Coverage
Venture CapitalAdvantageClub.ai raises $4 Million from Axilor Ventures to expand in the US and Asia and add New Product Lines
AdvantageClub.ai , an AI-powered global employee engagement and rewards platform, has secured $4 million in funding led by Axilor Ventures, bringing its total funding to $11 million. The funds will accelerate expansion in the US and Asia, w
Venture CapitalRecruiter.com Acquires bountyJobs to expand total talent solutions
Recruiter.com has acquired BountyJobs , a recruitment marketplace known for connecting employers with third-party recruiters, to strengthen its position as a comprehensive total talent solutions provider. This strategic acquisition enhances
Product News15Five Launches AI-Powered Predictive Impact Model, Helping HR Leaders Maximize Investments in Employee Engagement with Pinpoint Accuracy
15Five has unveiled its Predictive Impact Model, an AI-powered tool designed to help HR leaders strategically address employee engagement by leveraging precise, data-driven insights. Built on over six years of engagement data, the model use
Venture Capital11x Raises a $50 Million Series B Led by Andreessen Horowitz to Accelerate the Era of Digital Workers
11x , a pioneering AI company specializing in autonomous digital workers for revenue teams, recently secured $50 million in Series B funding led by Andreessen Horowitz. This investment supports 11x’s mission to redefine sales and Go-to-Mark
Venture CapitalOyster’s Specialized Global Employment Platform Attracts New Funding From ServiceNow Ventures
Oyster, a leading global employment platform, recently secured new funding from ServiceNow Ventures, enhancing its ability to support cross-border hiring and simplify complex global employment needs. This latest investment, part of Oyster’s
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
Product NewsNava Benefits Launches AI Assistant to Simplify Employee Benefits Management
Nava Benefits has introduced the Nava Benefits Assistant, powered by OpenAI, to transform how employees interact with their benefits. This AI-driven assistant provides real-time information on deductibles, out-of-pocket expenses, and medica
Product NewsSmartRecruiters Unveils Winston: AI That Keeps Hiring Human
SmartRecruiters has launched Winston, an AI-powered recruiting companion designed to revolutionize the hiring process by automating and optimizing various tasks such as candidate screening and interview scheduling. Built as part of the Smar
Venture CapitalZeal Raises $15M to Revolutionize Payroll for the Gig and Modern Workforce
Zeal , a leading payroll platform for modern workforces, has secured $15 million in a Series B funding round led by Portage, with contributions from Spark Capital and Commerce Ventures. This funding will drive innovations in payroll automat
Venture CapitalPaylocity Announces Completion of Acquisition of Airbase Inc.
Paylocity has successfully completed the acquisition of Airbase Inc., a spend management platform. This acquisition allows Paylocity to integrate Airbase’s finance tools, including bill pay, expense management, and procurement, into its clo
Product NewsWorkstream Launches First All-in-One Payroll Solution for the Hourly Workforce
Workstream has launched an all-in-one payroll solution tailored specifically for businesses that employ hourly workers, such as QSR franchisees and restaurants. This new offering addresses critical needs identified in a survey of 250 HR lea
Product NewsKula Unveils the First AI-Powered All-In-One Hiring Platform for Recruiters
Kula has launched a comprehensive AI-powered platform to transform the hiring process, offering solutions from sourcing and applicant tracking to interview scheduling and analytics. The platform integrates advanced AI features, making the r
Venture CapitalSan Francisco-based Mercor Secures $30M Series A to Transform Global Recruitment with AI
Mercor , an AI-driven hiring platform, raised $30 million in Series A funding at a $250 million valuation. The round was led by Benchmark's Victor Lazarte and Bill Gurley, with participation from notable investors like Peter Thiel, Jack Dor
Venture Capital11xAI Raises $24 Million Series A Led by Benchmark to Revolutionize Digital Workforce with AI Agents
11xAI has raised $24 million in Series A funding led by Benchmark to accelerate the development of AI-powered digital workers and expand globally. Addressing the fragmented Go-to-Market (GTM) tools landscape, 11xAI offers AI agents like Ali
Venture CapitalTeamBridge Secures $28 Million in Series B Funding to Revolutionize HR Software for Hourly Workers
TeamBridge , an HR tech startup founded by former Uber executives, has secured $28 million in Series B funding, led by Mayfield with participation from General Catalyst and Abstract Ventures, raising its total funding to $41.5 million. This
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
Venture CapitalPaylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider
Paylocity Corporation (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll solutions, announced its definitive agreement to acquire Airbase Inc., a prominent spend management software provider. This acquisition, valued at appr
Venture CapitalOyster Raises $59M Series D to Democratize Access to Global Job Opportunities
Oyster® ,a leading global employment platform, has secured $59M in Series D funding led by Silver Lake Waterman. This investment will accelerate Oyster's roadmap, enhance compliance capabilities, and expand its suite of services including g
Company NewsSmartRecruiters Appoints Rebecca Carr as Chief Executive Officer
Rebecca Carr has been appointed the new CEO of SmartRecruiters , bringing extensive experience from her decade-long tenure within the company, most recently as Chief Product Officer. She aims to propel the enterprise's talent acquisition te
Venture CapitalFleet Accelerates with $2.5M Seed Round: Driving the Future of Commuter Benefits
Fleet has announced the closure of its $2.5 million seed round led by Congruent Ventures, reaching a total of $5 million in venture capital. This funding supports Fleet's focus on enhancing its commuter benefits management platform, whic
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