Which VCs invest in HR technology companies?
From Sequoia Capital to Menlo Ventures, here are five answers to the question, “Can you share a few VC or VC firms that invest in HR Technology startups?”
- Acadian Capital
- Sequoia Capital
- GGV Capital
- Lightspeed Venture Partners
- Seed Camp
- Menlo Ventures
Jason Corsello is the Founder & General Partner at Acadian Ventures. I heard him judge a pitch competition of 33 HR technology startups at HR Tech in Las Vegas. Jason knows his stuff, and Acadian seems to be very focused on investing in HR Tech and Workplace related startups.
Quick side note. I was raising funds for our startup and shared who was on my pitch list with a prominent CEO in the HR Tech space. I mentioned Acadian – which happens to also be an angel group in Louisiana – and the CEO asked me if I’d pitched Jason.
That’s how Acadian first got on my radar. Then, was reinforced at the HR Tech Conference in Las Vegas.
In any case, if I had an HR Tech startup, I’d start with looking at Acadian as a potential partner.
Brett Farmiloe, Founder, Terkel
One VC or VC firm that invests in HR Technology startups is Sequoia Capital. They are a leading venture capital firm with offices across the US, China, India, and Israel. They have invested in innovative HR Tech companies since 2002, including startups such as Workday, Zenefits, Gusto, and Greenhouse.
Sequoia Capital has the advantage of a global network, industry knowledge, and connections that can be leveraged to help early-stage companies grow. They are committed to supporting innovative HR Tech startups to succeed with their experienced team, world-class resources, and long-term relationships.
With their focus on HR Tech, they have become a top investor in this space and have helped many startups reach their goals.
Michael Fischer, Founder, Elite HRT
In 2000, GGV Capital focused on seed to growth-stage investments across consumer/new retail, social/digital and internet, enterprise/cloud, and frontier tech sectors. The firm’s investments span from early-stage to pre-IPO companies and span the US and China.
GGV has a portfolio of companies in the HR technology space, including Crossover, Lever, and GetUpside. GGV Capital has also invested in other HR-related companies such as Achievers, Culture Amp, Namely, and Jobvite.
Lightspeed Venture Partners
Lightspeed Venture Partners have invested in several successful HR Tech startups, such as Achievers, Dragonfly Software, and Skilljar. Their investments have helped to grow these companies to scale their businesses quickly. In addition, they also provide strategic guidance on the HR Technology space, helping startups to gain the traction and resources to succeed.
Seed Camp is a popular European startup VC firm that helps startups target a worldwide market. It invests in HR technology and was started in 2007 by Reshma Sohoni and Carlos Espinal. It is a diverse team of makers, founders, investors, operators, and tech lovers, and is famous for seed financing for HR technology startups.
Seed Camp has played a greater role in bringing European resources together for the best results, and has the biggest syndicate of investors, angels, and founders. If you have an idea for an HR technology startup, you can contact the firm; however, prepare a detailed and informative document before doing so, as they invest when they can see that the idea is worthwhile and will help the world. With impeccable planning, you can easily get investments.
With offices in Menlo Park, San Francisco, and New York City, Menlo Ventures specialize in investing in early-stage tech companies. They have invested in notable HR Tech startups like Appy Pie, BirdDogHR, and PeopleMatter.
Besides providing capital investments, Menlo Ventures also provides strategic help and access to its extensive network. They even have a dedicated HR Startups Program, which offers early-stage companies support as workshops, educational events, and networking opportunities. If you’re interested in learning more about Menlo Ventures’ investments in HR Tech startups, check out their website!
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