HR Tech Funding Explodes As Companies Grapple With Transforming Workforce
Venture capital money is flooding the human resources space as employers seek new ways to recruit, hire and retain their workforces. Human resource technologies — which can run the gamut from background checks to benefits and everything in between — already has seen nearly $3.6 billion in venture funding for 260 deals this year, according to Crunchbase data. That dollar amount already surpasses all of last year, which witnessed not even $2.2 billion invested in 500 funding deals. With demand for talent only increasing, employees also want more from their jobs — making them harder to retain. Throw on top of that a pandemic that has completely shifted how we work and companies looking to upgrade from earlier generations of HR tech stacks, and everything just seems to come together right for a big investment moment. To read the complete article, click here.