Venero Capital Advisors' 2024 Q4 WorkTech Market Update report analyzes the WorkTech industry's mergers and acquisitions (M&A) activity and investment trends. The report highlights a growing market, driven by technological innovation, particularly in artificial intelligence (AI) and AI agents. M&A activity is robust, with high valuations for high-performing companies, and private equity involvement is significant. Investment activity, while lower than previous years, remains focused on AI-driven solutions and skills-based development. The report also examines the evolving competitive landscape and provides an outlook for 2025.

Get the report: https://www.venerocapitaladvisors.com/news/2025-report-the-new-wave-of-worktech-innovation

1848 Ventures, a venture studio developing AI-powered solutions that drive growth for small and medium businesses, announced the launch of Propel People. 

Propel People is an AI-powered recruiting platform purpose-built for the construction industry, designed to help HR teams hire skilled tradespeople faster and more efficiently.

https://hrtechfeed.com/construction-focused-ats-platform-launches/

Paylocity announces new enhancements to its Recruiting platform that enable hiring teams to not only streamline and accelerate hiring processes but also improve the quality of candidate searches.

https://hrtechfeed.com/paylocity-unveils-new-recruiting-innovations-to-meet-the-demands-of-high-volume-hiring-and-elevate-the-candidate-experience/

Teal, the AI-powered career platform, announced it raised $7.5 million in Series A funding, bringing the company’s total capital to $19 million. The new financing, co-led by CityLight Capital and Flybridge, with participation from Rethink Capital Partners and Lerer Hippeau, will support product development to expand the Teal platform and its growing portfolio of advanced AI capabilities to help consumers navigate the increasingly complex job landscape.

https://hrtechfeed.com/career-platform-teal-lands-huge-funding-round/

PALO ALTO, Calif. — Workera, the AI-powered skills intelligence platform, announced a strategic investment from Accenture marking a significant milestone in their strategic alliance. This multi-faceted alliance includes a strategic investment by Accenture, a reseller collaboration enabling Accenture to deliver Workera’s solutions to clients globally, and a technology integration establishing Workera as the official skills intelligence layer within Accenture’s LearnVantage platform

https://hrtechfeed.com/workera-announces-strategic-investment-from-accenture/

DHI Group, Inc. (NYSE: DHX) has announced that its Board of Directors authorized a new stock repurchase program that permits the repurchase of up to $5 million of the Company’s common stock. It is currently trading just above $2 per share.

https://hrtechfeed.com/dhi-group-announces-5-million-stock-repurchase-program/

Twill, a next-generation talent platform that connects companies with vetted tech professionals through peer recommendations, has raised $1.4M in pre-seed funding  we’ll talk to their CEO Michelle Volberg about what’s next.

Holly, an AI-powered platform modernizing government hiring, announced today the close of its $2.2 million oversubscribed pre-seed round, led by J2 Ventures …. The funding will support Holly’s platform as it works to solve the million-job government workforce vacancy crisis.

https://hrtechfeed.com/government-hiring-platform-lands-2-2m/

Job seekers looking for specialized positions can now find a comprehensive directory of niche job boards at JobBoardHive.com. This one-stop resource makes it easier than ever to target specific industries and professions, leading to a more efficient and successful job search.

https://hrtechfeed.com/new-directory-connects-job-seekers-employers-with-niche-job-boards/

Daily Muse, Inc., the operator of themuse.com and fairygodboss.com, announces the addition of Purpose Jobs to its portfolio of employer branding and talent attraction solutions. This strategic transaction enhances The Muse’s offerings, particularly for employers in federal, state, and local governments, leveraging Purpose Jobs’ expertise and track record.

https://hrtechfeed.com/the-muse-strengthens-public-sector-and-midwest-reach-with-purpose-jobs/

The Muse,also announced the launch of Maya, a generative AI-powered tool offering personalized career advice, guidance, and support, leveraging the company’s extensive library of career articles and expert resources.

https://hrtechfeed.com/the-muse-launches-ai-powered-career-assistant/

NEW YORK—-Maki, the conversational AI agent for talent acquisition, has announced the successful closing of its $28.6 million Series A funding round.

https://hrtechfeed.com/maki-raises-28-6m-series-a-to-redefine-hr-with-conversational-ai-agents/

SEATTLE —- Karat, the definitive partner for measuring and elevating technical talent, today announced the acquisition of Byteboard, a skills-based technical assessment solution. This acquisition is Karat’s third over the last two years and accelerates the company’s efforts to build next-generation solutions for organizations that are prioritizing the quality of every new hire in an evolving AI landscape.

https://hrtechfeed.com/karat-acquires-byteboard-to-pioneer-the-future-of-talent-evaluation/

HiringBranch offers an AI voice and chat soft skills assessment platform.  Co-Founder and CEO Stephane Rivard confidently predicts AI will soon replace interviews and they just landed 5 million canadian dollars to prove it. This latest funding will help the company expand globally into Latin America, Asia, and the UK.

New formed EOR company Employer.com has acquired small business accounting platform Bench.

https://hrtechfeed.com/employer-com-acquires-bench-accounting/

Humareso, a global leader in human resources consulting and talent development solutions, is thrilled to announce its acquisition of Rhabit Analytics, a cutting-edge provider of employee performance and engagement analytics. This strategic acquisition underscores Humareso’s commitment to delivering data-driven, innovative solutions that empower organizations to unlock the full potential of their workforce.

https://hrtechfeed.com/humareso-acquires-rhabit-analytics/

Paychex, Inc.  an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll today announced it has entered into a definitive agreement to acquire Paycor HCM, a leading provider of HCM, payroll and talent software in an all-cash transaction for $22.50 per share, representing an enterprise value of approximately $4.1 billion. Both are publicly traded companies on the Nasdaq.

https://hrtechfeed.com/its-official-paychex-enters-into-definitive-agreement-to-acquire-paycor/

Joe shaker from shaker recruitment marketing announced this week that they entered into an exclusive agreement with JobAdX, a job distribution tool managed by a team of exceptionally smart people who share our values of client service, partnership, and doing what’s right. 

https://hrtechfeed.com/shaker-acquires-jobadx/

The 2024 State of Job Hunting report, recently released by Greenhouse, a leading hiring platform, paints a challenging picture of the current job market. Despite nearly half of US workers actively seeking new opportunities, a significant portion experiences heightened anxiety due to a broken hiring system – we’ll talk about it next with co-founder Jon Stross.

https://www.greenhouse.com/blog/greenhouse-2024-state-of-job-hunting-report

I asked Notebook LM to do a deep dive on the recent Greenhouse Software state of job hunting report. It did an excellent job at breaking down the key points of what currently happening out there.

https://recruitingheadlines.com/the-current-state-of-job-hunting/

Andela ® Inc., one of the world’s largest private marketplaces for technical talent, announced the addition of an embedded dashboard with a complete view of key metrics, including time to hire, existing positions, active talent, total spend, and hiring progress; helping decision-makers better manage and optimize talent pipelines and performance in real-time. 

Wonolo, an always-on staffing solution connecting businesses with millions of workers across the United States, today unveiled its AI-powered, end-to-end job management solution. This innovative platform streamlines job posting, improves job matching with real-time insights, and enhances transparency for Wonolo workers.

This enhancement leverages industry insights to craft better job descriptions, thus improving worker quality and job matching while streamlining the overall process. Using Wonolo’s AI-powered solution, HelloPackage, an onsite package management system, has improved job workflow efficiency by 40%.

https://hrtechfeed.com/new-hr-tech-from-andela-wonolo/

Talroo, which runs Jobs2Careers.com, announced the launch of Apply Intelligence™, a new suite of smart features that improve the job search journey to help jobseekers discover, search, and apply for the right jobs with the right employers. They say it will  generates more intelligent applications for employers by improving the job search experience using proprietary AI-enhanced technology.

https://hrtechfeed.com/talroos-new-features-aimed-at-improving-the-job-search/

Remote, the global EOR platform and payroll provider, has announced Recruit AI, a new generation of AI-driven tools to help companies address the pressing challenges of today’s global job market.

https://hrtechfeed.com/remote-launches-candidate-matching-tool/

MONTRÉAL – HiringBranch, a leading AI-powered soft skills assessment platform, announced today that it has raised CAD 5 million in Series A funding. The round was led by Crédit Mutuel Equity, with participation from Export Development Canada and Anges Québec. 

https://hrtechfeed.com/hiringbranch-scores-5m-in-funding/

This episode is sponsored by Dalia.co and FastTalent.com

Lumina, the leading supplier of Visual Job Postings to the recruitment industry,announced a strategic partnership with Indeed.

https://hrtechfeed.com/lumina-video-tool-partners-with-indeed/

Don’t miss Skills Day on December 11 at 10am ET as industry experts from leading organizations including Deloitte, EPAM, Truist, and PwC Germany share real-world examples and guidance for using skills data to enhance hiring and retention.

Save your seat

Viser announced a powerful new agent-based workforce AI platform that allows HRIT leaders and peopletech product teams to create powerful and secure agentic AI solutions.  Designed to give organizations a Workforce AI Edge, this first-of-its-kind agent-based AI platform provides technical teams the foundation to launch their own team of AI-based agents that brings together all the critical enterprise data across people and work. 

https://hrtechfeed.com/visier-launches-analytic-ai-agent-platform/

And finally Aspen Tech Labs has made two new hires both of whom I know well.

https://hrtechfeed.com/aspen-tech-labs-hires-ethan-bloomfield/

Jesse Tinsley is the CEO of Recriter.com, an OnDemand recruiting platform. But he also now leads BountyJobs, Before You Apply and the newly acquired Employer.com which he acquired for a whopping $450K.