Source | CB Insights
Year-to-date, there have been over 350 deals and approximately $1.96B invested to HR tech startups. At the current run-rate, 2016 deal count will surpass last year’s total, but dollars from these deals may lag 2015’s funding total.
While investors haven’t invested at the same dollar pace this year, the increased deal count in 2016 suggests investors are still finding opportunities in the category. With deal count reaching all-time highs, we dug into HR tech on a more granular level to analyze where investors are placing bets.
We used CB Insights data to identify 125+ HR tech companies and mapped them according to 13 categories within HR tech. These HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.
This list contains companies that recently raised large rounds, are well-funded within the category, or have high scores on Mosaic, CB Insights’ proprietary algorithm that uses financial and nonfinancial signals to predict private company health. For more information on CB Insights’ Mosaic scoring tool read here.