Startups

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.

Companies: Phenom

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Trump may kill the CHIPS and Science Act. Here’s what that means for your community.

A week before Election Day, some Philly city employees question unexpected website change

A Pennsylvania voter’s guide to tech policy on the ballot in the 2024 election

How Philly officials keep your vote secure — and stop dead people from casting a ballot

Technically Media