web
analytics

funding

January Rec Tech Insider

The funding of new and established HR tech continues. Here's what's new inside the Rec Tech industry including a new job board for HR tech professionals.

ACQUIRED

  • AuthenticJobs.com a popular niche job board has been acquired by BuySellAds a maker of ad technology. Terms of the deal were not disclosed. Read details.

NEW LAUNCHES

  • CareerCloud launches audio jobcasts for employers. New service embeds short interviews with hiring managers into your job descriptions. Read about it.
  • HR tech Talent is a job online job market for HR tech professionals and vendors. Free to post jobs or resumes. Go there.

NEW FUNDING

  • Reflektive, the real-time performance feedback platform, today announced it has raised $25 million in Series B inside funding led by Lightspeed Venture Partners. Reflektive will use the funds to expedite innovation in its consumer-style performance management and talent development suite designed for the modern workplace. Full press release.
  • EmployeeChannel - Employees Can Be Reached Anytime, Anywhere via Mobile as a new employer feedback tool Raises $5M. Press release.
  • Shiftgig raises 20 million. Shiftgig, a marketplace that connects U.S. employers with workers seeking short-term positions, has raised $20 million in a Series C funding round from DRW Venture Capital, FJ Labs, GGV Capital, and KDWC Ventures. Founded in 2012, Shiftgig is a mobile-first platform that harnesses the burgeoning “gig economy” by letting workers choose the shifts and days they want to work — and the employer(s) they want to work for. It’s not aimed at those seeking a career position, obviously, but those seeking flexible working arrangements will find it useful. Via VentureBeat.
  • Staffjoy Raises $1.2M, Allows Employee Schedules to be Sent via Text. Staffjoy launched in 2015 with the aim of giving small businesses the technology to improve scheduling of hourly workers. Today, the company announced the next phase of its offering and shared that it has raised a $1.2 million seed round led by Caffeinated Capital. Additional participants in the latest funding round include Brainchild Holdings and Haystack Fund. Read more here.
  • Namely, a Zenefits rival, raises Another $50M. HR Software Startup Namely Raises $50 Million: Namely, which aims to make human resources software more user-friendly, today announced funding of $50 million. The New York-based startup targets mid-sized companies, which typically have 100 to 1,000 employees. “A few years ago, I noticed that all mid-sized companies had one thing in common,” founder and CEO Matt Straz told VentureBeat in an interview. “They seem to really struggle with getting the data that they need to run their business.” Read more here.
  • Never Eat Alone: Working inside a massive company can mean being surrounded by thousands of people every day and yet feeling isolated. How do you start to connect with colleagues who might share your interests or make good mentors?This was the feeling Marie Schneegans had a couple of years ago while interning at global bank UBS. And it was what inspired her and cofounder Paul Dupuy to launch Never Eat Alone, a Paris-based startup that helps employees connect with each other over lunch. Via VentureBeat.
  • Accompany, an app that wants to be your virtual chief of staff, has raised a boatload of new cash. The company, whose app publicly debuted in August, said on Monday that it had raised $20 million in new funding. The premise for Accompany is simple: the free app wants to automatically provide you with all the information you need to prepare for meetings. Accompany connects to your Google or Microsoft email account, your mobile calendar, and Facebook and Twitter accounts. From there, the company’s algorithms parse through your personal data—as well as biographies and information listed online—to create miniature dossiers on each of your contacts. Via Fortune.
  • WeFind wants to help people companies recruit their users. For, say, a media company, it could be the people who’ve signed up on the site somewhere to read something. For a clothing company, it could be people who bought something. For a travel company, perhaps people who signed up for an alert when prices dip. For Uber — well, we’re talking of millions of users — aka potential candidates. From ERE.
  • Ripple Recruiting, a startup founded by Yale students to help employers recruit, target and hire top students, has raised $700,000 in a funding round. Read about them.
  • MyAlerts, a Product-tracking startup closed on $2 million in funding as it expands into a market close to CEO Doug Berg's entrepreneurial roots: recruiting. Will track corporate job pages and alert users of new jobs. Read about it.

MISC

  • Indeed ends free resume searches for new accounts. Details.
  • Russia blocks Linkedin. Nyet! from NY Times
  • Rumors Are Floating About A Cornerstone OnDemand Sale: Speculation is swirling that Los Angeles-area Cornerstone OnDemand could be up for sale; the company’s stock is up about 5 percent today and rising after hours. Among the potential buyers, are ADP, Microsoft, and Oracle Read more here.
  • Jazz, the leading recruiting solutions provider for small and medium-sized businesses (SMBs), today announced its name change to JazzHR (www.jazzhr.com). The name change comes as part of a brand refresh initiative to better align the company's name with its growth strategy and product roadmap. More details.
  • ADP Building Mobile App For Gig Workers. via WSJ - The payroll processor, which historically sells software and services to corporations, is testing a mobile app for individual temporary workers with unpredictable paychecks. The app, yet unnamed, is an attempt by ADP to reach new customers as shifts in technology, culture and demographics reshape the U.S. workforce. 
  • Microsoft is getting into HCM software via ZDnet

RecTech Insider for June

Greeting RecTechies. Here is a roundup of whats happening inside the world of recruitment technology. 

  • SimplyHired Shutting Down. Links to various coverage across the web. [click here]
  • Glassdoor raises 40 million in new "Series H" round of funding. Company now valued at $1 billion. Thats a big number for the employer review site. But they're going to need it to take on the likes of Indeed.  [click here]
  • Take the Interview, the video interview platform based in NYC at TalentTech Labs announced last month they have secured $5 million in funding. [click here]
  • TechCrunch Disrupt 2016: 6 Startups Transforming the Career and Hiring Industry. I'm not sure why they are calling these transformative. Yuemey seems to be the most interesting of the six. [click here]
  • Recruit reported Indeed.com net sales jumped 60% to $696 million in the fiscal year. The company also owns job boards in Japan, including Rikunabi, a job board for new graduates. Investor Fred Wilson said in a blog post recently that they (indeed) is now vaued at 2-3X revenue which puts them around $2 billion. They were acquired for $1.4 billion.
  • Reflektive is a ‘How do I keep people engaged?' platform which just raised $13million in funding. [click here]
  • Humanyze, a people analytics technology company raises $4 million dollars in funding. Company based in Boston, funding by Romulus Capital. [click here]
  • Technical recruiting platform Triplebyte, which has raised $3 million in funding, just launched its engineer genome project to foster software-driven, intelligent job-matching. [click here]
  • It’s been just over a year since women’s job review startup Fairygodboss launched as an alternative to established career sites like Glassdoor and Indeed. In that time, the company has collected more than 22,000 reviews and tips about company culture and benefits submitted by women workers. [click here]
  • Blendoor a mobile app, hides a candidate’s name, age, employment history, criminal background, and even their photo, so employers can focus on qualifications. Interviewing.io—currently in private beta—is an interviewing platform that is taking the concept of anonymizing one step further. Even the voices are masked. [click here]
  • Après is a new job marketplace that is targeted toward moms who want to opt back into their careers. It will be a marketplace for both full- and part-time positions, consulting projects, maternity fill-in positions, and pro-bono opportunities across a wide range of industries. [click here]
  • TalentPool a matching system software has received $427k in seed funding. Its investors include Stephen Warrington and Kingsley Duffy. 
  • On-demand labor marketplace HireAthena officially launched out of stealth. HireAthena, which offers accounting, payroll and HR services, is a spinoff of BackOps and Scalus, and is backed by Sherpa Capital, Google Ventures, e.ventures, DCVC, Crunchfund and high-profile angel investors including Naval Ravikant, Max Levchin, and Mark Pincus. 
  • UpScored launches job-matching platform for applicants and employers. [click here]
  • Ratedly founder Joel Cheesman Interview on his new employer rating app. [click here]