VC Investment in Human Capital Resumes Record Amount
August 21, 2014
The Resumator has raised $15 million in venture funding led by Volition Capital. Serving businesses ranging in size from small to startup, Resumator's software platform is designed to simplify the recruiting lifecycle by stimulating recruiting strategies, mobile talent pipeline management and data. It is currently used by 2,200 customers in 63 countries across multiple sectors. To date, Resumator has raised $18 million in financing; in late 2012, Birchmere Ventures and Rincon Venture Partners led its $2 million+ Series B funding at a valuation of $11.5 million. Both investors participated in the new round along with Blue Cloud Ventures and Riverfront Ventures.
Data from the PitchBook Platform shows that 2014 has already seen a record amount of VC investment (in terms of capital invested) in the global human capital services industry. 29 companies offering services from online job boards to recruitment management software, video interviewing and more, have raised a total of over $283 million so far this year, already besting the previous high of $266 million invested in 2008. And even though deal pace has slowed after rising each of the past four years (from 15 deals in '09 to 66 in '13), the median deal size so far this year has jumped to $7.2 million from the $1.3 million median last year. China-based Liepin has landed the largest deal in the space so far this year, securing $70 million of Series C funding in April. Also, Boston's erecruit raised $25 million in July and ten other companies have completed financings of at least $10 million.