Industry News

Let Talent Tech Labs be your go-to for perfectly curated industry news to cut through the noise plaguing an already oversaturated market.

Hireology Raises $27 million in Series D Funding

Chicago tech company Hireology announced today that it has closed a $27 million Series D round, $12 million of which was in equity, invested by Blue Cloud Ventures, Bain Capital Ventures and Baird Venture Partners, with the remaining $15 million being money raised in debt financing from Silicon Valley Bank. Hireology says it has now raised more than $60 million in equity and debt funding to date and has more than 6,500 customers across professional and consumer service industries, such as car dealerships, hotels, spas, and gyms. The new financing will be used to add new features to Hireology’s platform and help expand the company in new markets, such as home healthcare.  

Hungarian Recruitment Marketplace Talentuno Raises $4.5 Million in Series A Funding

Hungarian-based early-stage venture, Talentuno – today announced that is has raised $4.5 million in Series A funding led by Hiventures Ventures Fund Management Plc. and Bonitás Venture Capital Fund Management Ltd.. Besides accelerating the firm's geographic expansion beyond Hungary – with Poland next in line, the funding will also be used for product development. Talentuno is engaged in discussions with London-based investors for its next round of funding and UK expansion in 2020.

German Social Network Platform, Xing Acquires E-staffing Startup Honeypot for $64 million

Xing, the business networking platform that has been described as Germany’s answer to LinkedIn, has made an acquisition to beef up its recruitment business ahead of a rebrand of the business as “New Work.” The company has acquired Honeypot, a German startup that has built a job-hunting platform for tech people, for up to €57 million ($64 million). The figure includes the acquisition (€22 million) plus a potential earn-out of up to €35 million if certain targets are met in the next three years. Xing said that it plans to rebrand as New Work in the second half of 2019, bringing together a number of other assets it has acquired and built over the years. The acquisition of Honeypot  will help Xing make a bigger push into building its profile outside of Germany into more of Europe, as New Work.

Jitjatjo Raises $11 million in Series A funding

New-York based online staffing platform Jitjatjo today announced that is has raised $11 million in Series A funding led by Morningside Technology Ventures. The new funds will support “continued growth” in its New York and Chicago staffing networks, expansion to other cities in the USA and the establishment of an experiential headquarters in New York. Financing will also support the launch of an enterprise technology offering, in part through hiring more engineers.

Fetcher Raises $5.4 Million in Seed Round

In late 2018, Fetcher, raised $5.4MM in a seed round led by Accomplice and Slow Ventures, with full participation by existing investors, Picus and Revel Partners, as well as angel investors which include Paul English (founder of Kayak), Amol Sarva (founder of Knotel) and James Joaquin (co-founder of Obvious Ventures). Today, Fetcher announced they hired several top industry executive to help scale their business.