Roundup: WorkRamp, Compete, WorkHound Close Funding Rounds

News Roundup

Our weekly roundup of deals, product announcements and other HR technology news.

Learning platform WorkRamp raised $40 million in a Series C round co-led by Salesforce Ventures, Slack Fund and Susa Ventures. The round brings WorkRamp’s total funding to over $67 million. Since the start of 2021, WorkRamp said it’s tripled its revenue and its customer base now includes more than 300 mid-market and enterprise businesses.  

Compete raised $15 million in Series A funding just eight months after completing its $2.5 million seed round. The investment will fund the company’s U.S. and UK expansion and bolster its global team. Compete analyzes benefits, real-time benchmarking data, advanced analytics and tailored insights to support hiring decisions, identify risks, improve retention and develop informed compensation policies.

.@WorkRamp, Compete and WorkHouse close new funding rounds, and more #HRTech news. #HR Share on X

WorkHound, an employee feedback firm, completed a $12 million Series A fundraising round. The capital, funded wholly by Level Equity will be used to add employees, expand product offerings and grow the company’s presence in trucking and additional supply chain verticals.

Learning platform Learn In raised $10 million in Series A funding, led by Firework Ventures. The company helps employers provide their workforce with solutions to help expand their skill set. Learn In will use the new capital to expand its technology platform, go-to-market team and customer success capabilities.

Ramped, a technology provider for job skilling and recruitment, closed a $3.1 million seed round. The company will use the funds for sales and marketing, and to expand its product’s capabilities. 

PredictHQ announced a partnership with gig-economy platform Stoovo, which helps independent workers choose appropriate short-term work opportunities near their location. The deal will integrate PredictHQ’s demand intelligence with Stoovo’s AI platform to alert gig workers to where demand will rise in advance.

Rise People unveiled an in-app offer letter feature, which is designed to bridge the gap between recruiting and onboarding. The feature is a part of Rise’s Recruiting and Applicant Tracking System. It allows administrators to write and send offer letters from within Rise Recruiting and track when an offer letter is viewed or signed.

TaskHuman launched Leadership Coaching, a program to amplify employees’ potential and make training and talent development accessible across the organization. Available now, the program expands TaskHuman’s personal coaching networking features.

Circa announced a partnership with Trusaic, an HR and compliance technology company. Through the partnership, the companies will help employers identify opportunities to receive tax credits through the Work Opportunity Tax Credit (WOTC) and Employee Retention Credit (ERC). Circa said the partnership is meant to help companies hire individuals from target groups that have faced hardships in finding employment.

Remote unveiled an API to help companies scale and manage international teams. Launching with partners Sequoia Consulting and AngelList, the Remote API provides a seamless, customizable integration for businesses to pay and manage full-time workers around the world.

Last Week’s Top Stories

Cornerstone Acquires EdCast to Pursue ‘Next Generation’

Cornerstone OnDemand will acquire EdCast, the learning experience platform software provider. Cornerstone said the combination will align with its strategy of “transforming” the learning software market. Read more.

AI Still Has Plenty of Running Room in Talent Acquisition

While artificial intelligence has established a firm foothold in talent acquisition, new data shows that advanced technology still has plenty of growth potential among employers as they fiercely pursue candidates. Read more.

Lattice Debuts New OKR & Goals Products to Engage Employees

Lattice launched a new objectives and key results and goals product to help organizations better align their visions with those of their employees. The company said the product is designed to help companies consistently set and manage goals and activate teams in a way that keeps them aligned and, hopefully, on track for success. Read more.

Podcast: Cappfinity’s Nicky Garcea on Technology, Covid and the Workforce

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