KarmaCheck and TechWolf Get big Funding Rounds

Top stories for This week in RecTech: SAN FRANCISCO — KarmaCheck, a technology-based solution for background checks, credentialing, and compliance, announced today that it has raised $45 million in a Series B funding round led by Parameter Ventures… The company will leverage the funding to accelerate development of its proprietary technology platform, scale its exceptional service levels to more customers and candidates, and expand into new industry verticals. https://hrtechfeed.com/karmacheck-raises-45-million-series-b-to-modernize-background-checks/ Belgium-based AI-powered skills platform TechWolf, just closed a $42.7 million Series B round. TechWolf was founded out of Ghent University and Cambridge University in 2018. In 2022, it raised a €10M Series A, and two years later, it has seen 12x revenue growth.They use AI to help automate skills matching internally though your existing HRIS systems. https://hrtechfeed.com/belgian-based-techwolf-lands-43m-coming-to-the-u-s/ QUEBEC CITY, Qc. — freelance.ca, the emerging leading online marketplace for professional freelancers in Canada, announces the successful acquisition of Workhoppers, a renowned Canadian freelancer platform. This strategic acquisition strengthens freelance.ca’s position in the Canadian market and expands its portfolio of services for freelancers and businesses nationwide. https://hrtechfeed.com/canadian-freelance-marketplace-makes-acquisition/ REMOTE FIRST COMPANY – G-P (Globalization Partners), a leader in the global employment market and standard bearer for industry compliance, announced AI-powered global onboarding in G-P’s employer of record products. The new experience is designed to help businesses quickly and compliantly manage the hiring and onboarding experience from generating the offer to signing the employment agreement to managing all of the onboarding and benefits set up.  https://hrtechfeed.com/g-p-introduces-ai-powered-global-hiring-onboarding-for-hr-teams/ NEW YORK– Wilya, formerly known as Gig and Take, a B2B SaaS company transforming traditional HR practices in the manufacturing and supply chain sectors, announced today the successful close of a $4 million seed funding round.  https://hrtechfeed.com/manufacturing-workforce-tool-lands-4m/

Legal.io, a Silicon Valley-based hiring platform for flexible, in-house legal talent, has announced that its membership has surpassed 50,000 legal professionals. https://hrtechfeed.com/legal-talent-network-reaches-50k-members/ candidate.fyi, a candidate experience tool, announced that Colin Day, the founder of iCIMS, has joined the company as an advisor. As a pioneer in HR Tech, Colin’s extensive experience and visionary leadership will be instrumental in guiding candidate.fyi’s strategic direction and growth. https://hrtechfeed.com/candidate-fyi-welcomes-colin-day-founder-of-icims-as-new-advisor/ Bullhorn has acquired Textkernel, an industry leader in Sourcing AI solutions. Headquartered in Amsterdam, Textkernel powers over 2,000 customers globally, including eight of the top 10 staffing agencies worldwide and Fortune 500 companies.  https://hrtechfeed.com/bullhorn-acquires-textkernel/ Findem launched a new copilot focused on helping customers more efficiently use its platform for sourcing. Fully integrated into the company’s Talent Data Cloud, Copilot for Sourcing can create active talent pipelines from all hiring channels, allowing recruiting teams to cut time to hire and increase their flexibility. https://hrtechfeed.com/findem-integrates-copilot-for-sourcing-into-talent-data-cloud/ Talroo has announced the release of its innovative new Smart Drive Time feature. It addresses the growing need for location-based work demonstrated by the Talroo Frontline Worker Index, which confirms that the amount of work-from-home positions has decreased by 60% compared to the 2022 baseline  https://hrtechfeed.com/talroo-adds-smart-drive-time-feature-to-help-candidates-commute-easier/  

Hackajob, the reverse tech hiring platform recently launched a new on demand hiring solution for tech workers…joining meon this episodeto talk about it is their Head of Growth, Luke Coleman. LINK: https://www.rectechpr.com/press-releases/leading-tech-talent-marketplace-hackajob-reacts-to-changing-tech-landscape-with-contract-based-hiring-solution

NEW YORK – Greenhouse, the leading hiring platform, today announced it has hired Samir Joglekar as its new Chief Revenue Officer. https://hrtechfeed.com/greenhouse-hires-new-chief-revenue-officer/ BOSTON — JobGet, the fastest-growing app-first hiring platform connecting over 70 million Everyday Workers with the nation’s most recognized brands, today announced the acquisition of Wirkn, a leading ATS in the frontline recruitment market for malls and retail. This move to partner with shopping centers and malls allows JobGet to offer a tailored frontline solution to even more employers and job seekers. https://hrtechfeed.com/jobget-acquires-wirkn/ ClearCompany, a provider of human capital management software, announced it has acquired Brainier Solutions Inc., a leading provider of innovative learning management software. Financial terms were not disclosed. https://hrtechfeed.com/clearcompany-acquires-learning-management-tool/ Hiring software Wizehire, announced its Candidate Texting feature. This new functionality enables organizations to instantly build stronger relationships with top talent, increase engagement, and streamline the hiring process. https://hrtechfeed.com/new-hr-tech-from-wizehire-talroo/ Talroo, a leading provider of technology to power the recruitment of frontline and essential workers, is pleased to announce the release of SmartScreen, the new AI-assisted Chat-to-Apply Screening tool. This elegant new screening chatbot solves a common problem for both job seekers and employers. Approximately 7 out of 10 employers (Zippia Recruitment Statistics, 2023) find it difficult to hire skilled candidates. SmartScreen automatically extracts and surfaces job requirements using AI in a custom chatbot. https://hrtechfeed.com/new-hr-tech-from-wizehire-talroo/  

Welcome to a new monthly series on the podcast. I am teaming up with the team at Qualifi, a hiring platform that helps recruiters screen, score, schedule, and interview talent before they go cold. Each month they pick a recruiter of the month and for June that recruiter is… Kathleen Armbruster  Currently serving as the Director of Talent Acquisition at consulting firm called Studio Science, Kathleen has significantly contributed to the evolution of recruiting practices within the company. Her innovative recruitment strategies have notably included the integration of all functional groups to foster a culture of accountability and efficiency, which has significantly sped up the hiring process.  Do you know great talent acquisition pro? Nominate them here.

SEATTLE, WA – Chronus, an employee-driven development platform providing mentorship and ERG management, today announces the acquisition of Imperative an employee engagement platform that leverages the power of meaningful 1:1 conversations to help employees own their career through the lens of purpose.  https://hrtechfeed.com/chronus-announces-acquisition-of-employee-engagement-platform-imperative/ BambooHR a leading cloud-based human resource platform, announced Jonathan Leaf as its new chief revenue officer. Leaf will oversee all revenue-generating functions, and be responsible for upleveling their integration and alignment.  https://hrtechfeed.com/bamboohr-appoints-jonathan-leaf-as-new-chief-revenue-officer/ Ashby, a recruiting platform that efficiently scales hiring from startup through enterprise, has raised an additional $30 million in equity financing. This round of funding comes with a vote of confidence from existing investors following a 6X growth in revenue. To date, the company has raised roughly $70M. https://hrtechfeed.com/ai-recruiting-startup-ashby-raises-30-million/ Amsterdam based Carv, announced it secured $10M in seed funding, following the launch of its recruitment platform in March and the significant traction the company has experienced since. With the funding, Carv aims to accelerate its growth and expand the capabilities of its platform into different domains of the recruitment life cycle. https://hrtechfeed.com/ai-recruiting-startup-ashby-raises-30-million/ Rising Team, a team performance platform, announced the completion of its Series A funding of $8 million. The round was led by Zeal Capital Partners and others. This investment allows Rising Team to enhance its team performance platform with AI, hire new team members, and expand its market presence. https://hrtechfeed.com/employee-coaching-platform-rising-team-raises-8-million-series-a/  

Madeline Laurano founder of Aptitude Research recently partnered with HireRoad (a people analytics platform) for the latest insights on the state of people analytics and what it means for your business…she joins me now on the show to discuss. What prompted this study between Aptitude Research and HireRoad? What was the knowledge gap in the industry that you wanted to uncover? Talk me through your survey process — format, audiences surveyed, titles, and number of respondents. What, in your opinion, were the biggest takeaways from this study? What surprised you the most in terms of respondent feedback? The study revealed that only 1 in 3 companies are using people data in their recruitment process. What’s their reasoning? What are the consequences of not using people data in recruitment? Of those companies that are leveraging people analytics in their hiring process, how exactly are they using it? What’s the ROI for companies using people analytics in recruitment, versus those who aren’t? How is HireRoad making it easier for hiring teams to leverage people analytics? The survey revealed that many companies think people analytics are only for enterprise-level companies with big teams and big budgets. How is HireRoad making this data feasible for smaller companies? What’s your advice to companies not yet leaning into people analytics as part of their recruitment process? Link: https://hireroad.com/resources/the-future-of-people-analytics

Sam Fitzroy is the CEO and co-founder of Dalia, a candidate conversion platform that activates hidden talent pools and proactively builds interest through personalized touchpoints, automatically. He joins me on today’s podcast to discuss their latest platform release. TOPICS Just remind the audience what you guys do first What’s new at Dalia? Why should recruiting teams care about conversions? Are you seeing an increase in applications across your clients generally? How easy is it for recruiting teams to measure conversion rates that matter? What’s the impact of improving conversion rates? Can you share how a customer or job seeker has benefited from Dalia? Biggest challenge for youguys right now? Job search experience RecTech is sponsored by https://hrtechjob.com/  

HCM platform Dayforce, Inc. (NYSE: DAY); announced the award-winning Dayforce® Flex Work is available to organizations in the United States. Flex Work is an on-demand marketplace that helps organizations augment their workforce with flexible talent – quickly, simply, and compliantly – to address fluctuating labor demands. https://hrtechfeed.com/dayforce-launches-on-demand-flex-work-marketplace/ Cornerstone OnDemand Inc., a leader in Workforce Agility solutions, today announced the acquisition of workforce skills intelligence capabilities and a team of highly specialized domain experts from SkyHive Technologies Holdings Inc.. SkyHive’s AI-powered skills intelligence platform and services help customers build skills-based organizations, providing visibility into the capabilities of employees and enabling organizations in their transformation efforts. https://hrtechfeed.com/cornerstone-acquires-skyhive/ hireEZ, the only sourcing and candidate relationship management (CRM) platform built for recruiters by recruiters, today announced new partnerships with job boards Monster, Resume-Library, and CV-Library and the release of a new platform feature, Sourcing Hub. https://hrtechfeed.com/hireez-partners-with-leading-job-boards-to-source-their-databases/ PowerToFly, a leader in connecting diverse professionals with jobs since 2014, just acquired Skillcrush, an online platform that teaches tech skills to underrepresented groups. This merger gives both job seekers and employers new ways to build modern workforces. https://hrtechfeed.com/powertofly-acquires-upskilling-platform-skillcrush/ SeekOut, an eight-year-old recruiting startup that uses AI to find candidates, cut about 30% of its workforce this past Thursday, TechCrunch has learned. https://techcrunch.com/2024/05/20/seekout-layoffs-30percent-talent-search-tigerglobal/  

Today you will hear from Blue Saturn, HiringBranch, Sense, Brightmine, Flockity, Nexxt, Nestor. Travel sponsored by Pillar.hr