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

Growth

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.

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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