Feb 03 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”
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.sg 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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