Roundup: BetterUp Raises $125 Million, Launches Mental Health Product

News Roundup

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BetterUp announced a $125 million Series D fundraising round, bringing the company’s valuation to $1.73 billion. The financing was led by ICONIQ Growth with participation by existing investors Lightspeed Venture Partners, Threshold Ventures and Plus Capital, and new investors Salesforce Ventures, Sapphire Ventures and Mubadala Capital. The funding will be used to accelerate BetterUp’s roadmap and continue to develop new products. Separately, BetterUp launched BetterUp Care, an integrated mental fitness offering that includes enterprise-wide access to behavioral health specialists, curated content, on-demand support, group coaching and digital learning.

Talroo launched Qualifying Questions, a new feature that helps employers screen out applications from unqualified applicants. The product asks pertinent questions before redirecting users to a client’s application tracking system, saving time for talent acquisition teams and helping candidates find appropriate positions. 

This week in #HRTech: @BetterUp closes Series D round and unveils new product, Talroo launches screening tool, and more. #HR Click To Tweet

Reward Gateway announced a new integration with Microsoft Teams to allow for seamless recognition within the collaboration platform. With the integration, organizations can instantly send and receive recognition moments without leaving Teams. Employees are informed when they receive recognition, according to their own custom alert setup.

Attendance on Demand has partnered with Clair, a financial technology startup to provide free wage advances to hourly employees in select industries. The partnership is intended to help workers avoid the high-cost services of payday lenders. Users who sign up with the service will be able to access earned wages on the same day, with the advances deducted from their next paycheck.

TCP launched Demand-Driven Scheduling, a scheduling product built by Humanity, the company’s cloud-based employee scheduling platform. The  product allows employers to integrate business data, such as customer KPIs, into the scheduling process to make sure schedules align with business needs and can shift as demand fluctuates.

Beamery said it closed out its most successful fiscal year to date with fourth-quarter revenue growth of 337%. The company’s Talent Operating System was used to place nearly 500,000 people in jobs around the world last year, the company said. Beamery also appointed Phllipp Becker as chief financial officer. He previously held positions at Barclays and HelloFresh.

Mobile apply rates outpaced desktop applies for the first time during 2020, with about 61% of applications being completed on mobile devices compared to 39% on desktops, according to Appcast’s Recruitment Marketing Benchmark Report. The rate for desktop applies dropped nearly 7% last year, while mobile applies increased 21%. Gig (86.3%) and transportation (75.9%) businesses saw the highest percentage of mobile applies, while technology jobs demonstrated the lowest (22%).

Last Week’s Top Stories

ADP Launches ‘Conversational’ Approach to SMB Payroll

ADP launched Roll, a payroll app designed to give small businesses more flexibility in running payroll while remaining secure and compliant. Read more.

Oracle Launches Return-to-Workplace Package

Oracle updated Oracle Fusion Cloud HCM’s Employee Care Package as businesses begin planning the reopening of their workplaces post-Covid-19. The updates include new testing and vaccine-tracking capabilities, as well as automated guidance for employees returning on-site. Read more.

New Eightfold Module Aims to Tie Employee Development to Strategy

Eightfold AI added a new module, Career Hub, to its talent management platform. The product is designed to give both HR and employees more flexibility in their approach to development by providing intelligence and advice within a single platform. Read more.

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