Feb 04 2022
“2021 proved to be an extraordinary year for HR Tech solution providers with around $14 B across 300+ deals in 8 categories. Not only was 2021 the best year ever for the HR Tech ecosystem, it showed that HR Tech will be key for Dgital Transformation”
2021 proved to be an extraordinary year for HRTech solution providers with around $14 B across 300+ deals* in 8 categories. Not only was 2021 the best year ever for the HRTech ecosystem, it clearly showed that HR Technology is going to be the driving force behind the digital transformation.
Key Highlights of 2021:
In comparison, the highest deal in 2020 was by Eightfold AI for $125M.
The Top 10 Investment Funding deals in the space of HRTech
Incidentally, not only did the top 5 deals have had at least 2 rounds of funding in 2021 but also have gained unicorn status joining the growing list of HRTech start-ups. A roundup of these deals:
Other deals in the top 10 deals included Papaya Global ($350M), Workrise ($300M), Paycor ($270M), Beisen ($260M) and Human interest($255M).
Fig 1.1 - Category wise deals/ Size and amount
Fig. 1.2- Category wise Average/size and amount
Fig. 1.3- Region wise deals/Size and amount
Fig 1.4 - Series wise deals/size and amount
*As tracked by hrtech.in research team via various sources
**As per industry analyst sources
Swechha Mohapatra (IHRP-CP, Associate CIPD) is Head of Consulting & Delivery at hrtech.sg and has more than 9 years of global experience in various Talent functions. She is a passionate HRTech evangelist, a member of IHRP HRTech CoP Taskforce, and an avid learner who is certified Six Sigma-Green Belt with a background of MBA (Specialization in HR and IT) and Master’s in Labor Laws and Labor Welfare.
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