Funding to HR tech startups exploded in 2015, hitting $2.4B across 383 deals. Tech companies are addressing various pain points within HR, including issues like diversity (Jopwell), connecting talent to jobs on-demand (JobToday), talent sourcing (Lytmus), and more.
We used the CB Insights Mosaic algorithm, which provides predictive analytics on the health of private companies, to assess early-stage startups in the space (Series A or seed/angel companies). The list of companies below have raised financing in Q4’15 or 2016 year-to-date, have less than $11M in total funding, and show other positive metrics, including jobs listings data or recent news mentions, among other signals parsed by Mosaic.
Among the high-momentum startups on our list is Phenom People, which applies CRM tech to hiring and has raised roughly $11M to date, making it the most well-funded company on our list. The already-mentioned mobile HR app JobToday (which tries to connect candidates with retail/restaurant jobs within 24 hours) along with pre-employment testing service Criteria Corp round out the list’s top 3.
The list ranks the startups by total disclosed funding.
Bloomberg Beta and Accel Partners are each investors in 2 of the 10 companies on our list. Check out the list below.
| Company | Last Funding (Month/Year) | Total Disclosed Funding ($M) | Select Investors |
|---|---|---|---|
| Phenom People | 2/1/2016 | $ 11.0 | Sigma Prime Ventures and Sierra Ventures |
| JobToday | 1/28/2016 | $ 10.0 | Accel Partners, Felix Capital and Mangrove Capital Partners |
| Criteria Corp | 10/19/2015 | $ 9.1 | Level Equity |
| Textio | 12/16/2015 | $ 9.0 | Bloomberg Beta, Cowboy Ventures, Emergence Capital Partners, and Upside Partnership |
| AppCast | 11/12/2015 | $ 7.5 | Baird Capital Partners, IrishAngels and Point Judith Capital |
| Lytmus | 10/1/2015 | $ 7.2 | Accel Partners and New Enterprise Associates |
| Pymetrics | 12/2/2015 | $ 6.6 | Khosla Ventures |
| Jopwell | 1/20/2016 | $ 3.4 | Andreessen Horowitz, Kapor Capital, Magic Johnson Enterprises, Omidyar Technology Ventures, and Valar Ventures |
| Jobbatical | 3/2/2016 | $ 2.9 | LocalGlobe, SmartCap, and Union Square Ventures |
| Bonusly | 11/20/2015 | $ 2.0 | Bloomberg Beta and FirstMark Capital |
Want more HR tech data? Check out our venture capital database below.
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