Top 10 HR Tech Capital Raises in the U.S. – October 16th-31st, 2024
Several interesting transactions closed in the HR Tech sector over this 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
- OfColor, developer of a financial wellness platform designed to improve the monetary status of employees of all colors, acquired by Financial Finesse.
- Clarity Benefit Solutions, operator of a benefits administration software platform designed to provide employees with a customized enrollment experience and decision-making support tools, acquired by PES, via its financial sponsor Walnut Court Capital, through an LBO.
- FingerCheck, developer of cloud-based human resources and payroll management platform intended to transform the way small businesses work by making them run smarter, acquired by Edison Partners, Columbus Capital and StepStone Group through a $115 million LBO.
Later Stage VC
- PeopleOne Health, provider of human well-being management services intended to enhance employee health outcomes and reduce healthcare costs, raised $32.3 million of Series B venture funding in a deal led by GV.
- Prolucent, provider of healthcare workforce services intended to align labor needs with data-driven decision-making, raised an estimated $4 million through a combination of Series A-2 and Series A-3 venture funding from Northwell Holdings, A1 Health Ventures, and others.
- Rise, operator of an all-in-one compliance and payment platform intended for companies with global workforces, raised $6.32 million of Series A-1 venture funding.
Early Stage VC
- Elevate, developer of a cloud-based platform designed to provide employee benefits, raised $20 million of venture funding in a deal led by Fin Capital.
- gphy, developer of a workplace management platform designed to offer decision-making tools for managers, raised venture funding in a deal led by Vincent Thibault.
Angel, Seed, and Grant
- Cascade, developer of human resources and benefits intelligent platform designed for health price transparency, raised $3.75 million of Seed funding in a deal led by Gradient Ventures.
- Free Agent, developer of a career development and networking platform designed for athletes to advance their professional paths, raised CAD 500,000 of angel funding in a deal led by Kirsten Toth.
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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
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.
