Top 10 HR Tech Capital Raises in the U.S. – December 1st-15th, 2024
Several interesting transactions closed in the HR Techsector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition and Corporate
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- Cogito, developer of an AI coaching system designed to elevate human connections in real-time, was acquired by Verint Systems.
Buyout/LBO
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- Together, developer a mentorship platform designed to implement and administer corporate mentorship management programs for employees, was acquired by Absorb LMS Software, via its financial sponsor Welsh, Carson, Anderson & Stowe, through an LBO.
Later Stage VC
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- Advantage Club, developer of online employee rewards and recognition platform designed to connect and benefit both the brands and employees, raised $4 million of venture funding in a deal led by Axilor Ventures.
- Collective Health, developer of a cloud-based self-insurance platform designed to evolve how health benefits work, raised venture funding from MSA Novo.
- HiringBranch, developer of a soft skills assessment platform designed to streamline and standardize the screening, interviewing, and candidate hiring process, raised CAD 5 million of Series A venture funding in a deal led by Crédit Mutuel Equity.
Early Stage VC
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- Counslr, operator of a mental health support platform intended to identify psychological problems and its treatment, raised $5.24 million of Series A venture funding from MJR Ventures.
- PeopleReign, developer of a predictive analytics platform designed to automate IT and human resource services, raised venture funding from JC2 Ventures.
- SERV, developer a communication tool designed to help home service contractors get more jobs done, raised $2.64 million of venture funding.
Angel, Seed, and Grant
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- Veton, developer of an artificial intelligence (AI) based recruitment software intended to streamline the screening and shortlisting process for candidates, raised $50,000 of angel funding.
- Pin, developer of an artificial intelligence-powered recruitment platform designed to streamline the hiring process from sourcing to interview scheduling, raised $3 million of seed funding in a deal led by Expa.
#castleplacement #capitalraising #privateequity #venturecapital #investment #HRTech
Ken Margolis
Managing Partner
As one of the founders of Castle Placement, Ken is passionate about helping great companies grow. Over 25 years of experience in investment banking and raising capital from institutional private equity/venture investors, family offices, foundations, endowments, hedge funds, banks and specialty finance lenders. Co-founded Castle Placement in 2009, providing investment banking services and raising private equity/debt capital for early-stage and middle market companies across a wide range of industries including financial services/fintech, real estate, technology, business services, energy/real assets and consumer/retail. In 2007, created a platform providing advisory and capital formation services to financial institutions and private equity funds investing in distressed bank portfolios and community banks which was merged into Castle Placement*. From 1999 to 2007, at Merrill Lynch was co-head of the 50+ person global structured credit products investment banking, sales and syndicate and head of the U.S. alternative investment group raising capital for alternative investment funds in financial services and asset management. From 1991 to 1999, was at Credit Suisse First Boston as a senior trader on a principal transaction desk responsible for managing a proprietary position of credit sensitive commercial/residential real estate and asset-backed securities and head of CSFB’s new issue whole loan and agency CMO desk. Began his career in 1985 at Arthur Andersen where he managed their structured finance group consulting on ground breaking securitizations of residential mortgages, credit cards, auto loans, corporate loans and other financial assets. FINRA Series 7, 24, 63, and 79 licenses.
- Email: kmargolis@castleplacement.com
- (O) (212) 418-1188
- (C) (516) 712-7784
 Ken MargolisManaging Partner |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: kmargolis@castleplacement.com
(O) (212) 418-1188 | (C) (516) 712-7784
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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.
