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highbarpartners.com

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Investments

33

Portfolio Exits

11

Funds

3

Service Providers

1

About HighBar Partners

HighBar Partners is a private investment firm focused on strategic growth capital investments in enterprise and infrastructure software companies. The firm is a creative and engaged investor with resources and relationships to assist management teams with financial, strategic and operational execution.

HighBar Partners Headquarter Location

545 Middlefield Road Suite 175

Menlo Park, California, 94025,

United States

650-322-1151

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Latest HighBar Partners News

Global Acquisitions in the HR tech and work space from July-Sept 2021

Oct 4, 2021

" The first quarter of the second year of the pandemic saw major activity in HR tech and Worktech continue an upward trend globally. This continued in the second quarter as well with many consolidations in the space. Notable among these was Glassdoor announcing that it has acquired Fishbowl - an app that provides its users with an anonymous option to also post candid employee feedback, join chat groups and search for jobs. Another notable acquisition was Adecco Group agreeing to buy AKKA Technologies in a deal worth 2 billion euros which will make Adecco the world's largest provider of temporary staffing by revenue, overtaking Dutch rival Randstad. Here’s a quick look at the significant acquisitions in the HR tech space and workspace globally in the second quarter of this year. TopFunnel acquires Teamable TopFunnel, the AI-powered recruiting startup, announced the acquisition of Teamable to supercharge referral-based recruiting. Teamable is the employee referral platform that transforms social networks into high-performance talent pools. TopFunnel's AI-driven approach automates much of the recruiting process, helping to source the right candidates for the right roles — and send them the right message. Similarly, Teamable's referral software aggregates employees' contacts from their social and professional networks to provide recruiters with a more focused group of potential candidates. The combined platform will help deliver better recruiting recommendations, and each product will also continue to be available on a standalone basis.  Yello merges with WayUp Campus recruitment specialist Yello announced that it is merging with WayUp, a HR tech startup that offers D&I recruiting solutions. The combined company will operate under the Yello name, but both brands will be retained. Both companies are based and operate in the US, WayUp’s database will become the sourcing arm of Yello’s campus recruitment platform. According to the company, the database contains over 6 million diverse candidates of various backgrounds, including new graduates and students from across the country who attended over 7,000 campuses. Digital skill and cybersecurity institute HackerU acquires Cybint Florida based digital skill and cybersecurity institute, HackerU announced its first acquisition along with a rebranding. HackerU, a 15 year old platform which provides digital workforce training to individuals across Asia, Europe and the US, has acquired global SaaS-based cyber educational platform, Cybint, for US$50mn. It is rebranding itself as ThriveDX. Following the acquisition, HackerU/ThriveDX is projected to have a greater geographic footprint and a broader range of B2B offerings. The move towards inorganic growth is in line with the steeply increased demand for cybersecurity talent worldwide.  Adecco Group acquiring AKKA Technologies and BPI Group Adecco Group  has agreed to buy AKKA Technologies in a deal worth 2 billion euros ($2.4 billion), the biggest deal in the Swiss staffing company's 25-year history. The acquisition of Belgium-based AKKA will make Adecco the world's largest provider of temporary staffing by revenue, overtaking Dutch rival Randstad. In addition, LHH, its outplacement and HR consulting division plans to buy BPI Group, a French human-resources consulting provider, as part of a portfolio reorganisation. Limeade acquires TINYpulse ASX listed Limeade, the immersive employee well-being company, announced its acquisition of TINYpulse, a leader in employee listening software. The acquisition brings together two companies committed to helping their customers create healthy employee experiences. Mobile-first recruitment platform Astronaut acquires POPSkul Astronaut, an Indonesia-based mobile-first recruitment platform with offices in Singapore, announced its first acquisition of Indonesian on-demand skill certification platform, POPSkul, for an undisclosed amount. Astronaut plans to continue investing in the expansion of POPSkul and integration of skill certificates into the candidate profiles in the Astronaut platform through this acquisition.  AI based recruiting software platform Paradox acquires Traitify Paradox, an AI based recruiting software platform, recently announced the acquisition of Traitify, a mobile assessment platform. The acquisition will enhance the overall recruitment process, using mobile assessments, as per the candidate's skills, suitability and recruiter's requirements. It will modify and innovate the hiring procedures using fast visual based assessments. The mobile assessments are reported to bring 96% accuracy rates. Glassdoor acquires Fishbowl Glassdoor announced that it has acquired Fishbowl - an app that provides its users with an anonymous option to also post candid employee feedback, join chat groups and search for jobs. This acquisition will bring an additional 1 million users to Glassdoor's growing 55 million user platform, and more importantly, adds a social component to Glassdoor's company review function. Renrui Human Resources acquires Shanghai Lingshi Human Resources  Renrui Human Resources Technology Holdings Limited recently announced that it has acquired 51% equity stakes in Jiangnan Finance Technology (Changzhou) Company Limited as well as Shanghai Lingshi Human Resources Services Limited, through a sales and purchase agreement. Renrui has acquired and bought the equity interests of Jiangnan Jinke and Shanghai Lingshi for RMB 47million and RMB 33 million respectively. Jiangnan Jinke and Shanghai Lingshi, after successful completion of the acquisition, will become indirect subsidiaries of Renrui.  The acquired HR companies provide flexible staffing and recruitment related services to local commercial banks in the PRC. The job roles include technology personnel, lobby managers, customer service executives, etc. Since Renrui is focused on strengthening its staffing services, the recent acquisition will be a boon for the HR company, enabling expansion of services in the banking and finance industry. UKG Inc. acquires Great Place to Work Institute, Inc. UKG Inc., a leading global provider of HCM solutions, acquired Great Place to Work Institute, Inc., the world’s most trusted authority on workplace culture with a mission to help organizations become great workplaces For All™. Great Place to Work Institute will continue to operate as a standalone company within the UKG organization, led by Michael C. Bush as CEO. UKG will offer Great Place to Work tools to existing and new HCM customers, with the goal of integrating data and benchmarking from the Great Place to Work ecosystem into its HCM solutions for easier access and actionable recommendations in the future. HighBar partners acquires SilkRoad Technology HighBar Partners ("HighBar"), a Menlo Park, CA-based private equity investor, announced its acquisition of SilkRoad Technology (“SilkRoad”), a global software and cloud-based technology platform designed to increase employee satisfaction and productivity. In combination with the deal, HighBar Partners will provide additional growth equity financing to further develop SilkRoad’s industry-leading SaaS capabilities, elevate its technology stack and deliver new secure global business solutions that support digital and workforce transformation in this expanding market. Existing investors Foundation Capital and Two Sigma Ventures also participated in the growth equity financing for SilkRoad with HighBar.

HighBar Partners Investments

33 Investments

HighBar Partners has made 33 investments. Their latest investment was in Virtana as part of their Unattributed VC - II on May 5, 2020.

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HighBar Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/13/2020

Unattributed VC - II

Virtana

$15M

No

1

4/14/2020

Series C

Clarify Health

$13.2M

No

1

10/15/2019

Series B - II

Clarify Health

$45M

Yes

2

7/9/2019

Series D

Subscribe to see more

$99M

Subscribe to see more

10

9/12/2018

Series C

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$99M

Subscribe to see more

10

Date

5/13/2020

4/14/2020

10/15/2019

7/9/2019

9/12/2018

Round

Unattributed VC - II

Series C

Series B - II

Series D

Series C

Company

Virtana

Clarify Health

Clarify Health

Subscribe to see more

Subscribe to see more

Amount

$15M

$13.2M

$45M

$99M

$99M

New?

No

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

2

10

10

HighBar Partners Portfolio Exits

11 Portfolio Exits

HighBar Partners has 11 portfolio exits. Their latest portfolio exit was PatientSafe Solutions on April 29, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/29/2021

Acquired

3

7/1/2020

Merger

1

1/7/2019

Acquired

8

00/00/0000

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10

00/00/0000

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10

Date

4/29/2021

7/1/2020

1/7/2019

00/00/0000

00/00/0000

Exit

Acquired

Merger

Acquired

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Companies

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Valuation

Acquirer

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Sources

3

1

8

10

10

HighBar Partners Acquisitions

2 Acquisitions

HighBar Partners acquired 2 companies. Their latest acquisition was SilkRoad on September 16, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/16/2021

Debt

$173.87M

Acq - Fin

1

11/6/2018

Series D

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$99M

Subscribe to see more

10

Date

9/16/2021

11/6/2018

Investment Stage

Debt

Series D

Companies

Subscribe to see more

Valuation

Total Funding

$173.87M

$99M

Note

Acq - Fin

Subscribe to see more

Sources

1

10

HighBar Partners Fund History

3 Fund Histories

HighBar Partners has 3 funds, including HighBar Partners III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/9/2021

HighBar Partners III

$308M

4

6/25/2013

HighBar Partners II

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$99M

10

2/14/2013

HighBar Entrepreneur Partners II

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$99M

10

Closing Date

2/9/2021

6/25/2013

2/14/2013

Fund

HighBar Partners III

HighBar Partners II

HighBar Entrepreneur Partners II

Fund Type

Subscribe to see more

Subscribe to see more

Status

Amount

$308M

$99M

$99M

Sources

4

10

10

HighBar Partners Service Providers

1 Service Provider

HighBar Partners has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

HighBar Partners Team

6 Team Members

HighBar Partners has 6 team members, including current Managing Partner, John Kim.

Name

Work History

Title

Status

Roy Thiele Sardiña

Founder

Current

John Kim

Managing Partner

Current

Roy Thiele Sardina

Managing Partner

Current

Rohit Malhotra

Managing Director

Current

Brian Peters

Managing Director

Current

Name

Roy Thiele Sardiña

John Kim

Roy Thiele Sardina

Rohit Malhotra

Brian Peters

Work History

Title

Founder

Managing Partner

Managing Partner

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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