Talent Tech Labs prides itself on providing the best insights and evaluations for industry news across the talent acquisition and hiring technology space. Our team of experts works hard to collect and analyze the latest data to offer suggestions and advice for our community of users. In order to stay ahead in the TA and technology industry, it’s essential to keep updated on the latest news regarding company funding, acquisitions and mergers, and other industry insights. Below, we’ve compiled some of the most important and newsworthy announcements that have transpired over the last month.
The workforce marketplace and digital temp agency, Jobandtalent announced a series of funding in December 2021. Raising $500M to advance their mission and research, Jobandtalent said the latest funds will be used to speed up its expansion in key markets, including the US. Over the next two years, the temporary labor service company plans to increase the size and scope of its tech suite, build out a more robust sales team, and add crucial executive roles to its C-suite to help oversee the expansion into new markets.
Messaging platform TextUs raised $22 million in December led by Atlanta-based Eastside Partners with participation from Colorado-based Access Venture Partners. The funds will be used to accelerate product innovation and market expansion. The company reports that with more companies and job seekers looking for solutions to connect in a mobile way, TextUs provides an opportunity to engage customers and candidates at scale and convert them into higher closing rates.@TalentTechLabs has the latest news and insights into recent #funding, #acquisitions, and announcements in the #TATech and hiring technology space: Click To Tweet
OfferZen announced its first round of funding since its founding in 2015 this December. The $5.2M of Series A funding is set to help grow its tech community, enhancing its support and offering. In the next year, Offerzen is expanding into new countries and markets, so the funding will also support their operations and enable them to build out a strong team.
Shiftsmart, a labor marketplace provider, helps match hourly employees with open shifts and jobs, allowing companies to manage their workforce needs. In December of 2021, Shiftsmart announced that they raised $95M. This new funding will help scale its verticals and hire additional staff to support its growth. With a team of 60 employees (up from 30 new members from last year), they hope to expand their efforts and connect even more individuals with companies in need of hourly workers.
The hiring intelligence startup from the UK, Screenloop, secured £1.88M in seed investment to help support their initiatives to hire globally. This round of funding will allow the Screenloop team to better supply their solutions and place job seekers into open roles around the world. By advancing its automation and intelligence capabilities, Screenloop hopes to support organizations as they fill gaps in their talent pipelines.
As a temporary staffing platform, Turing allows organizations to hire at scale on an as-needed basis. The latest round of funding at $87M marks the 9th time in the last 12 months that Turing has deepened its developer base. Turing plans to use these funds to help build more in-depth profiles for software developers as they work to match them with open roles.
Angellist started as a platform to connect angel investors to startups and has expanded its offerings to include a full-service end-to-end suite of tools. One of their latest initiatives, the Early Stage Quant Fund, announced $25 in funding. This tool works to supply startups with checks to help support and accelerate growth. With this funding, Angellist will work to develop more intelligent software to identify and evaluate which startups to invest in.The Q4 recap of industry news, company funding, and recent acquisitions in the #TATech and #HiringTech industry is here! Read up on the latest news on the @TalentTechLabs blog: Click To Tweet
Acquisitions and Mergers
A provider of background and medical screening, ClearStar, recently announced its acquisition of Employment Screening Resources (ESR) in a move that combines the skills and expertise of both organizations when it comes to background checks. This move marks the second acquisition ClearStar has achieved in the last 120 days and as part of their strategy of growing by acquiring and integrating best-in-class capabilities. Together, they are working to deliver high-quality, cutting-edge services for their users. Both companies are excited to collaborate and create innovative solutions for their customers.
Textkernel Acquires CV Parser Sovren: ‘One Step Closer To A Globally Accessible AI Platform For All Talent Data’
The Netherlands-based AI recruitment software provider, Textkernel was pleased to announce its acquisition of Sovren, a CV parsing platform, this past December. With this move, Textkernel continues its strategy to grow on a global scale. This acquisition marks a combination of the industry expertise and trust that Textkernel and Sovren have worked to build with their customers.
In December, the fastest-growing talent management company, True, announced their takeover of climate technology and sustainability executive search firm Hobbs & Towne, Inc. This move means that True’s relatively new climate tech will be supported by the expertise Hobbs & Towne have established. This acquisition enables True to expand its access to global internal and external recruitment networks
Other Industry News
After the latest series of funding totaling $50M, HR tech startup Sense raised its valuation to $500M. Sense works to connect blue-collar workers to companies that need employees. Using artificial intelligence, automation, and customization in their screening process, Sense helps organizations to find and utilize available talent quickly, shortening the time it takes for employers to schedule new employees.
December At A Quick Glance
The tables below can be used to gain quick insight into the latest funding and industry news from December 2021.
|Company Name||Amount Raised||Date||Sub-Vertical|
|Jobandtalent||$500M||December 2021||Job Boards|
|TextUs||$22M||December 2021||Candidate Communication & Bots|
|Shiftsmart||$95M||December 2021||Deployment Systems|
|Screenloop||£1.88M||December 2021||Interview Management Tools|
|Turing||$87M||December 2021||Temporary Labor Marketplace|
|AngelList||$25M||December 2021||Job Boards|
|Sense||$50M||December 2021||Candidate Communication & Bots|
|ClearStar||Employment Screening Resources||December 2021|
|True||Hobbs & Towne, Inc.||December 2021|
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