Bloomberg Beta and Accel Partners are each investors in 2 of the companies on our list. All the companies have raised in the last 6 months.
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.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity