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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 ]

RecTech Insider - New Tools, New Funding and Acquistion Roundup

Looking for HR technology news? Each month we scour the headlines to bring you the latest launches, new rounds of funding, acquisition and other interesting news for the recruiting technology industry. Subscribe here for early access.

New Funding

  • Yello raises $4. million more for its talent acquisition software. They claim 70+ Fortune 500 companies as clients. Company had already raised $5 million a few years ago. [LINK]
  • Glint, an employee engagement platform has raised $27M Series C led by Meritech and Bessemer; regularly surveys employees and provides real-time data; offers dashboard, analytics and action plans; raised $43M. [LINK]
  • Genesys Talent raises 2.1 million for its talent community technology. [LINK]
  • EmployUs is a new mobile referral tool: EmployUs rewards well-connected professionals by connecting employers and job seekers through trusted referrals. Anyone can connect people they trust to awesome jobs and get rewarded up to $10,000 when their referral gets hired. Company is based in North Carolina. [LINK]
  • Vettery raises 9 million for its hiring marketplace which pairs potential job-seekers with a “talent executive” who helps them through the process of creating a profile and looking over interview requests from employers. If they accept a job, Vettery will give them a $1,000 signing bonus. [LINK]
  • Brandyourself just raised $2 million to help people manage their online reputation. Company also hiring in Pennsylvania. [LINK]
  • Homebase is a new startup that has raised $6 million to make hourly work much easier to manage for every small businesses….it helps them set a schedule for employees, automatically remind employees when they have an upcoming shift with a text alert, track whether employees are taking the breaks they’re entitled to throughout their shifts or whether they logged overtime hours. [LINK]
  • Viridis has just raised a new $3.2 million. The site is a skills matching platform for vets and others without four-year college degrees. platform built especially for two-year students to showcase their skills and qualifications to local employers who are hiring. The goal is to match “skilled acquired” by students to “skilled required” by employers. [LINK]

Acquisitions

  • CareerBuilder acquires Workterra to provide post hire support. [LINK]

More on Monster

  • Monster Returns to its Cave. John Sumser wrote a post full of truth. [LINK]
  • Job boards gets boost with sales of Monster. Chris Russell's take on the job board industry . [LINK]
  • Rise and fall of Monster from the team at ERE Media. [LINK]
  • Why Monster had to sell itself to Randstad for $429 million. [LINK]

Interesting Tools in the News

  • Joberate wants to signal your boss if you are looking for a job. [LINK]
  • Apps for the gig economy via Bloomberg. [LINk]
  • Tour Linkedin Profinder for freelancers. Yep, you can now hire freelancers there. [LINK]

New Launches

  • BossFinder.com, a unique new personalized job exploration service that connects candidates directly to company decision makers, today announced its national launch. [LINK]
  • WebClipDrop Introduces Automated Sourcing Feature [LINK]
  • LinkedIn is taking the wraps off a new feature that it hopes will get more of its 433 million users moving — literally and figuratively — when it comes to engaging with the site: today, LinkedIn is taking its first foray into video content, created by users and hosted by LinkedIn itself. [LINK]
  • PurpleSquirrel.io hooks up job seekers with an insider at companies. [LINK]
  • GradsLikeMe launches for Canadian campus recruiting. [LINK]
  • Ramp up for hiring nurses [LINK]

Got interesting news of your own to share? Contact me.