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December Rec Tech Insider

November was another busy month in the HRtech/RecTech space. Here is the roundup for what happened. Lots of new fundings, product launches and other news. See ya' next year!

NEW FUNDING

  • WorkRamp an employee training platform has raised a $1.8M seed round from Susa, Haystack, others; software for customizable training at scale for any industry and position; offers performance data analytics and insights [ Link ]
  • Ripple Recruiting Raises $700,000 In Funding Round Led By MongoDB And Business Insider Founder Kevin Ryan: Ripple Recruiting, a hiring platform connecting top employers with top students, has closed $700,000 in seed funding. The round will allow Ripple to continue its Ivy League expansion and grow its team as it seeks to displace much larger players in the college recruiting market. "Ripple is having exceptional success fixing a major pain-point for both companies and students," said Kevin Ryan, who has founded multiple companies including MongoDB, Business Insider, Gilt Groupe, Nomad Health, and Zola. [ Read more here. ]
  • Tenstreet, the leading web-based provider of driver recruiting software and workflow solutions for the trucking and transportation industry, announced today that it has received a significant investment from Spectrum Equity, a leading growth equity firm. The investment will accelerate development of Tenstreet's product portfolio and further position the company to execute on its growth strategy. [ Link ]
  • JobToday a europoean recruitment startup that matches candidates within 24 hours has raised $20 million plans to enter US market. [ Link ]
  • Glint is a real-time employee engagement platform that uses machine learning and artificial intelligence to help companies get the most out of their employees, and now it has added another $10 million to its Series C round. The funding came from from Bessemer Venture Partners. [ Link ]
  • Wurk gets $1 million to help cannabis companies manage their people with its HR software. [ Link ]
  • Axonify Raises $27M to Gamify Employee Training Without Wasting Your Time: Think back to the last time you had to do a corporate training. More likely than not it was a frustrating experience that you simply tried to survive rather than learn from. (If you feel otherwise, I’m genuinely worried about you). With $27 million in fresh funding led by JMI Equity and BDC Capital, Axonify, wants to hack your brain to help everyone get away with doing less while taking away more. How little you ask? Three minutes of optional training per day, packaged up to resemble a game. [ Read more here ]

PRODUCT  LAUNCHES

  • SAP announced the launch and general availability of career site builder, which brings simple, consumer-style website design, creation and management to human resource (HR) and recruiting professionals. As part of the SAP® SuccessFactors® Recruiting solution, career site builder enables the rapid deployment and easy maintenance of responsive career sites. [ Read More ]
  • Google creating jobs api to help with searching for jobs. Careerbuilder, Dice are among the beta testers. This is a very 'under the hood" kind of technology that goes to the hear of a keyword search. Other job boards should take note. [ Read more ]
  • Facebook about to launch jobs tab for business pages...apply by Facebook! We may soon be hearing recruiters say "apply on our Facebook page". [ Read more ]
  • Placement Feed Offers New Innovative Candidate Matching Services for Staffing Firms. [ Read PR ]
  • LinkedIn Launches Salary to Chart product: LinkedIn Salary, a new portal and tracker to collect and analyze salaries globally, will let users find how much a particular job earns (salary, bonus, and equity data), with the ability to drill down using parameters like years of experience, location, and education level. [ Read more here ]

MISC

  • HiringSolved says they have added 82 million profiles and that we refreshed our entire database. Here’s a quick post with all of the details. [ Learn more ]
  • Linkedin to offer sponsored InMails - it will be a paid feature that will let marketers query LinkedIn’s database of 476 million users and send relevant groups within it unsolicited messages in LinkedIn’s InMail messaging system. [ Learn more ]
  • Triplebyte says its skills-based recruiting platform is working after screen 12,000 engineers. [ Link ]
  • Randstad Locks Down the Monster Deal: Randstad Successfully Completes Tender Offer To Acquire Monster Worldwide: Randstad North America, Inc., a wholly-owned subsidiary of Randstad Holding nv (AMS: RAND), announced today that its wholly-owned subsidiary, Merlin Global Acquisition, Inc., has successfully completed its tender offer to acquire any and all outstanding shares of common stock of Monster Worldwide, Inc. (NYSE: MWW) ("Monster"), at a price of $3.40 per share in cash, without interest thereon and less any applicable withholding taxes (the "Offer"). As a result of the completed Offer and pending completion of the merger, which is expected to occur on November 1, 2016, Monster's common stock is expected to cease trading prior to market open on the closing date and will no longer be listed on the New York Stock Exchange. [ Read more here ]
  • DHI the owner of Dice.com says site is for Sale. [ Read about it ]

November RecTech Insider

It's November 1st which means it's time for another edition of the RecTech Insider. Here's a look at what made news in the past month.

NEW LAUNCHES

WhoIsHiring is a clever site that aggregates startup jobs around the world. The unique angle — a map that shows you exactly how many jobs are in a particular area. Full article.

SHRM Launches Diversity Jobs Sites for veterans, diversity and disability.  Three new specialty websites have launched within its online career center focused on creating an inclusive workforce launched with the help of Direct Employers. Full Article.

Glassdoor Releases "Know Your Worth" Beta salary tool. Do you know what you're worth in today's job market? Know Your Worth calculates your estimated value in today’s job market with the entry of a few personal characteristics - current job title, employer, current salary, location and years of relevant experience.  See it here.

GigBigWig: (startup) individuals will get the opportunity to become verified in the industry in which they plan to work. Companies will pay a fee for referrals, and job-seekers, after being screened, will be able to create a public profile to increase their digital visibility. Full article.

LocalX (startup): The majority of applicants on LaborX do not have college degrees, but are skilled in IT. LaborX features video resumes of these candidates. Based in Massachusetts. Full article.

Stack Overflow, the community site best known for providing answers for all of your random coding questions, also has a thriving jobs board and provides services to employers looking to hire developers. Today, the team is expanding the jobs side of its business with the launch of Developer Story, a new kind of resume that aims to free developers from the shackles of the traditional resume. Full article.

Facebook at Work is now Workplace, launches for all companies starting at $3 per user each month. Its the new intranet for employers. Full article.

LinkedIn debuts Open Candidate to help recruiters understand which candidates are ready to make a move. Full article.

Top HR Products of 2016 Announced at 19th Annual HR Technology Conference & Exposition - Human Resource Executive Announces Winners of Top HR Products of 2016 Awards: Human Resource Executive® magazine, the premier publication focused on strategic issues in HR, recently announced the 10 winners of its Top HR Products of 2016 Awards, an annual award competition to uncover the best new HR products.  Read more here.

Gig is Another Tool for Free Lancers to Find a Job and Get Paid Quickly. The startup wants to Make It Easier for Millennials to Pick up Casual Work in Catering and Hospitality: Have we reached peak gig economy yet? Probably not, but when a startup calling itself Gig launches, we are definitely making headway. The London-based company offers a platform targeting millennials who want to pick up shift work in the hospitality and retail sectors. As well as enabling you to find and book work through the app, Gig’s headline feature is that once a shift is completed, workers automatically get paid within 24 hours. Read more here.

ACQUISITIONS

RecruitMilitary a job board and job fair provider has been acquired by staffing firm. Press Release.

Jobhuk, a recruitment marketplace based in NY has been acquired by Compunnel Software Group. Press release.

NEW FUNDING

Industry a hospitality based job board raises 2 million in new funding. Full article.

HigherMe a new hiring startup, is announcing that it has raised $1.5 million in seed funding. It’s also brought on some big names as customers, including Dunkin Donuts, Panera Bread — and most recently, fast food chain White Castle. Co-founder and CEO Rob Hunter (a past owner of multiple Marble Slab Creamery locations) has said that when employers hire hourly workers, location, availability and personality are often more important than past experience — but those things aren’t really reflected in a traditional résumé. Full article.

AnyPerk, a startup that helps companies like Salesforce and Virgin America offer their employees discounts on things like movie tickets or fitness classes, has received $11.5 million of new investment capital. Full article.

Restless Bandit, a new company from Goodman and his co-founders, is looking to give companies a way to easily find the best candidates that have already applied, rather than companies having to sift through those existing resumé piles with keywords and the like. Taking a similar approach to how LinkedIn scoured the Internet (and LinkedIn, of course) for new candidates, Restless Bandit finds the highest-potential candidates for roles with statistical modeling. The company said it has raised $8 million in a financing round from GGV Capital and Toba Capital, and it previously raised $2 million in a seed funding round. Full article.

Source{d}, a Spanish startup using AI to match developers to jobs, raises $6M. Full article.

Atipica raises 2 million to take the bias out of hiring. Article on USA Today.