Phenom People raises additional $1.6M from Boston investors - Technical.ly Philly

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Feb. 1, 2016 9:33 am

Phenom People raises additional $1.6M from Boston investors

That brings the recruitment startup's total Series A to $7.6 million.

Phenom People's engineering team is based in Hyderabad, India, shown here.

(Photo by Flickr user Jean Pierre Candelier, used under a Creative Commons license)

Phenom People, the Horsham-based recruitment startup, just raised an additional $1.6 million from Boston investors Sigma Prime.

That brings the company’s total Series A to $7.6 million. The Series A was led by Silicon Valley-based venture capital firm Sierra Ventures. Phenom People raised its seed round from all local investors. Back in November, we asked if that local seed round/outside Series A round model was the Philly tech funding sweet spot.

More than half of Phenom People’s roughly 70-person staff is based in Hyderabad, India, like a handful of other local tech companies that base their engineering teams outside the U.S. The company plans to nearly double its staff and grow its Philly-region sales and marketing staff, said CEO Mahe Bayireddi.

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Juliana Reyes

Juliana Reyes became Technical.ly's associate editor after reporting on the Philadelphia tech scene for four years. She's co-president of the Asian American Journalists Association Philadelphia chapter and a two-time Philadelphia News Award winner for "Community Reporting of the Year." The Bryn Mawr College grad lives in West Philly, likes her food spicy and wears jumpsuits often.

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