One of the big HR startup stories of the last year has been the trials and tribulations of Zenefits, but news coming out today from another company in the space shows that there is still a lot of opportunity in the industry with the right approach.
Namely, a New York-based SaaS HR firm that focuses on mid-sized (100 to 1,000 employees) companies offering an all-in-one human resources platform, payroll and benefits services, today announced that it has raised $50 million, closing out a Series D totalling $80 million, which Namely said was the biggest round for an HR startup in 2016 amid some $2.5 billion in funding in a very fragmented market
Snap Inc. is expected to be 2017’s savior from a depressing market for initial public offerings, but the ridiculously high valuations of other so-called unicorns, as well as a market still seen as unsteady, could make the chances for a revival disappear as fast as a Snapchat message.
Suiteness, a YC company that makes it easy to book hotel suites for groups, has raised $5M in Series A funding. The company will use this capital to continue its expansion, and has announced 10 new cities it plans to be operating in by the end of 2017.
SoftBank CEO Masayoshi Son's declaration in Trump Tower that he was investing $50 billion in the U.S. sounded like a big bet on President-elect Donald Trump. The reality is that SoftBank has been all-in on the U.S. for years.
Cincinnati startup catalyst Cintrifuse invested in a Silicon Valley venture fund that has stakes in big-name companies. Cintrifuse's Early Stage Capital Fund, also known as the Syndicate Fund, invested in Menlo Park, Calif.-based Bullpen Capital. The nature of Cintrifuse's investment in Bullpen was not disclosed.