HCM Talent Technology Roundup January 14, 2022

SeekOut raised $115 million in Series C funding in a round led by Tiger Global Management. The investment values SeekOut at more than $1.2 billion, reflecting a 2.6x increase in valuation since the company closed its Series B round in March 2021.

Over the last year, SeekOut said, the company has doubled its customer count to more than 1,000 enterprises, including six of the 10 most highly valued U.S. companies.

Co-Founder and CEO Anoop Gupta said the company will use the round for “investing deeply in innovations that extend our leadership position in talent acquisition, and power new solutions for internal mobility, employee retention, career pathing and learning and development.”

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Bullhorn acquired Able, a long-time Bullhorn Marketplace partner and a provider of candidate engagement and onboarding solutions. The company said the combination of Able’s candidate products with Bullhorn will allow agencies to meet complex onboarding requirements, reduce candidate drop-out and get candidates on assignment faster, all while delivering an improved onboarding experience.

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A U.S. district court judge ordered the diversity-recruiting platform Canvas to stop using the domain name canvas.com, according to media reports. The preliminary injunction was issued after educational software provider Instructure argued Canvas was violating its trademark for canvas, its learning management and portfolio platform. The court said the near-term harm to Instructure outweighs any damage Canvas will face because of rebranding.

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ZipRecruiter said it will offer $500 million aggregate principal amount of its senior notes due 2030 in a private offering. The interest rate, redemption provisions and other terms will be determined by negotiations between ZipRecruiter and the initial purchasers. The company plans to use the proceeds for “general corporate purposes.”

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Snagajob.com closed a senior secured term loan commitment of $65 million with Runway Growth Capital. The company provides loans to both venture and non-venture backed businesses seeking an alternative to raising equity. The loan will enable Snagajob to continue investing in its technology and drive growth from an evolving hourly jobs market.

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LinkedIn is launching an events platform that will list, host and market interactive, virtual live events, reports TechCrunch. They are first launching an audio product, which will be followed by a video product this spring. TechCrunch said LinkedIn plans for its new events product to be an all-virtual service. It will also be free.

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MojoHire said its intelligent talent discovery system has completed beta testing and moved to general availability in the healthcare and technology verticals. The platform sits atop the HR tech stack, offering talent acquisition teams a unified view of people across systems. The idea is to help them easily discover internal and external talent, build teams and generate increased value from earlier technology investments.

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Bolster, a marketplace for on-demand executive talent, closed a Series B round of $11 million. The company’s platform matches startups with executives to fill interim, fractional or advisory roles, board appointments and full-time jobs.

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