Top 10 HR Tech Capital Raises and Investors in the U.S. – August 1st – 31st
Several interesting transactions closed in the HR Tech sector over the past month. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PE Growth/Expansion
- Employee Navigator, a benefits administration and human resource management software platform that streamlines insurance and HR processes, received development capital from Freestyle Capital.
- OneKonnect, an EDI software and data integration platform that automates insurance data intake and benefits administration, received development capital from Openner.
Buyout/LBO
- Artium Technologies, a software development services provider that uses agentic engineering methods to automate code generation for enterprises, acquired by AlixPartners via its financial sponsors Investcorp, La Caisse and PSP Investments through an LBO.
- Prospectus, an outplacement platform that uses labor market data to support career transitions and employee placement, acquired by LG Nova through an LBO.
Merger/Acquisition
- Feenyx, an online recruitment platform that uses coding challenges to screen and evaluate technical candidates, acquired by Nixxy, a subsidiary of Job Mobz.
- Pando, an employee progression platform that supports performance tracking, career development and structured feedback, acquired by Lattice.
Later Stage VC
- On the Goga, a workplace wellbeing platform that enables human resource teams to customize employee wellness and benefits programs, raised $200,000 of venture funding in the form of SAFE notes.
- Yardstik, a workforce screening platform that verifies identity, credentials and background information across the hiring lifecycle, raised $30 million of Series B venture funding in a deal led by Harbert Growth Partners.
Seed Round
- Cadence, a workforce orchestration platform that automates labor management, shift scheduling, onboarding and compliance, raised seed funding from Stage 1 Ventures.
- SiteVue AI, an industrial computer vision platform that uses machine learning to analyze and optimize manufacturing and frontline workflows, raised $7.5 million of seed funding in a deal led by Overture Ventures and Penny Jar Capital.
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Dominic Cipollone
Managing Director
Financial advisor for Morgan Stanley. Led seminars on investing and creating wealth. Met with small business owners to develop employee retirement plans. Advised clients on appropriate asset allocation investment strategies using the Dow 30. Over thirty years in the NYC Department of Education, including as Principal of one of the most challenging middle schools in the poorest districts in the country. Used educational-tech and targeted data to turn the school around. School was named a model for attendance improvement. Supported over two hundred school leaders. Believes ed-tech will reinvent how education is delivered and received. Masters of Science from Fordham University in Educational Leadership. Masters of Science from Iona College in Educational Technology. Bachelor of Arts from New York University in Political Science. FINRA Series 7, 63, and 79 licenses.
- Email: dcipollone@castleplacement.com
- (C) (203) 297-5089
Dominic Cipollone
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: dcipollone@castleplacement.com
(C) (203) 297-5089
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement® does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
