Rec Tech: the Recruiting Technology Podcast Payfit, Snagajob, Talent Inc and Justworks
PayFit, a leading payroll and HR management solution for SMEs, today announced that it has raised €254M in a Series E funding round, a record-breaking amount for a French human resources (HR) startup. General Atlantic, a leading global growth equity firm, led the round, with participation from existing investors Eurazeo, Bpifrance and Accel Ventures.
Since its founding in 2015, PayFit has gained over 6,000 clients, and has raised €179M to date
https://hrtechfeed.com/french-startup-payfit-raises-e254m-for-its-payroll-hr-software/
Runway Growth Capital, a provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan commitment of $65 million to Snagajob.com, the marketplace for hourly jobs and shifts.
The Snagajob deal marks another investment for the expanding Runway venture debt portfolio, which seeks to capitalize on a growing market opportunity in which larger, more established businesses are seeking debt financing in order to avoid dilution and additional equity rounds.
The loan enables Snagajob to continue investing in its next-generation technology and drive growth on the tailwinds of an evolving hourly jobs market.
https://hrtechfeed.com/snagajob-takes-out-65-million-dollar-loan/
Talent Inc., the leading digital resource and trusted advisor to job seekers worldwide, today announced its acquisition of Interview School, an innovative mock-interview software company that provides job seekers with up-to-date interview questions and AI-assisted feedback.
As part of its global expansion strategy, this is Talent’s third transaction in the past eight months, since acquiring FlashRecruit in May 2021, and Imkey Holding B.V. (“Imkey”) and its global property Resume.io, a global subscription-based platform for online resume-building with 13 million customers, in June 2021.
Launched in 2018, Interview School offers a suite of tools ranging from mock interviews with AI feedback, live interview coaching, and job tracking, including AI Coach, Live Coach, Performance Analysis, and Job Tracker.
Justworks expects to grant the underwriters a 30-day option to buy an additional 1,050,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is currently expected to be between $29.00 and $32.00 per share. Justworks intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “JW.”
https://hrtechfeed.com/hr-software-platform-justworks-files-for-ipo/
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