Headlines from medReps, Deel, RippleMatch, IBM and Jobilla

Helskini-based Jobilla has raised €2.16 million.

Founded in 2015, Jobilla is aiming to stake its claim in a €450 billion industry, often plagued by complicated and/or not-so-user-friendly software packages.

The funding round was led by Trind VC, and €700,000 of the investment arrives via loans and government grants. Jobilla is reporting that the funding will be used to further develop its recruiting software as well as drive expansion efforts into Germany, Austria, and the Netherlands, and scale up operations in the U.S.

They do offer a free version which looks like it has a ton of features so check it out at jobilla.com

https://hrtechfeed.com/jobilla-raises-funding/

 

Infinite Computer Solutions, a global technology company, has announced that it has signed an agreement to acquire IBM’s Talent Acquisition Suite. Terms of the transaction, which is expected to close later this year were not disclosed. 

Infinite is acquiring IBM Lead Manager, BrassRing, and Onboard. BrassRing supports more than 20 languages and provides candidate lifecycle management and employee onboarding for more than 240 customers, many of whom appear on the Fortune 500. In the past 12 months, the product was used to manage more than 60 million candidate submissions with almost 50 million recruiter logins and over 4 million active users. 

“This strategic acquisition expands our portfolio of platforms and services with a market-leading product that accommodates the most complex recruitment and onboarding requirements,” said Sanjay Govil, founder and chairman of Infinite Computer Solutions. “With hiring set to scale up post-COVID, we saw an opportunity to provide our global client base a proven SaaS-based platform to attract and recruit candidates as well as onboard employees.” 

https://hrtechfeed.com/ibm-talent-acquisition-suite-to-be-sold/

 

Deel, the international payroll company has announced that it has raised $156 million in Series C funding led by the YC Continuity Fund and has welcomed Ali Rowghani to its board. 

The round was co-led by existing investors Andreessen Horowitz and Spark Capital. Dara Khosrowshahi, Lachy Groom, Jeffrey Katzenberg, Jeff Wilke, and Anthony Schiller also participated in the round, among others. With a valuation of $1.25 billion, Deel has emerged as a market leader in the global payroll and compliance space.

Deel allows businesses to hire anyone, anywhere, in a compliant manner. Hiring and onboarding international employees or contractors takes under 5 minutes, with no local entity required. Paying them in 120+ currencies takes just a click.

Deel was co-founded in 2018 by MIT alumni Alex Bouaziz and Shuo Wang. Deel was already focused on this pain point when the pandemic hit, putting the startup in a prime position to help companies adjust to the dramatic shift in working and hiring norms.

The company competes with players such as Remote.com...in the last 2 weeks 3 hr tech companies have raised more than 100 million in funding. To say that investors love hr tech is an understatement.

 

https://hrtechfeed.com/payments-platform-deel-raises-156-million-series-c/

 

RippleMatch, the leading early career recruiting platform, today announced it raised $23.5M in additional funding. The heavily oversubscribed round was led by Invus Opportunities with participation from Renegade Partners and Gaingels as well as existing investors G20, Work-Bench, Alleycorp, Bullpen Capital and Accomplice.

In addition, the company unveiled RippleMatch CRM, the latest addition to its comprehensive platform designed to help employers hire the right early career talent virtually, build diverse, high performing teams, and improve the candidate experience. 

“This is a special moment in our journey to make early career recruiting more intelligent and efficient, as well as accessible for job seekers from underrepresented educational, racial, and socioeconomic backgrounds,” said RippleMatch CEO Andrew Myers. “The new funding will allow us to continue building out our intelligent hiring platform, empowering companies across the country to understand their data and build a recruiting pipeline that more accurately mirrors the demographics of the broader U.S. population.”

https://hrtechfeed.com/ripplematch-raises-23m-for-early-career-recruiting/

 

BioSpace has acquired MedReps, the leading job site for medical sales positions. The acquisition strengthens the Company’s position as the leader in online recruitment for the life sciences industry. Financial terms were not disclosed.

“The acquisition of MedReps extends our capabilities and further establishes our position as a leading partner for life sciences organizations,” said Joshua Goodwin, CEO of BioSpace, Inc. “The BioSpace and MedReps services complement each other with BioSpace’s traditional strength in biotech and MedRep’s focus on the medical device and diagnostic sectors. This was also an opportunity to combine two incredible teams that share the same passion and drive to serve the life sciences community at a time when we are experiencing incredible growth.

MedReps was founded in 2000 and is a popular job site inside the pharma and medical sales community. Over the past 20 years, MedReps has built a valuable community of over 300,000 members that utilize the platform for medical device, pharmaceutical, and biotech sales jobs and career resources. 

https://hrtechfeed.com/medical-sales-job-site-acquired/

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