Ambler-based HR tech company Phenom just announced a $100 million Series D round of financing shortly after it acquired its third company in six months.
The round was lead by B Capital Group with participation from Dragoneer Investment Group, OMERS Growth Equity and GoldenArc Capital. Phenom raised a $30 million Series C at the beginning of 2020, a $22 million Series B in 2018 and a Series A in 2015.
The new funding will allow Phenom to continue work on its Talent Experience Management platform, looking toward virtual HR and recruiting trends in a post-COVID-19 era. It will also help the company achieve its long-standing goal of “helping a billion people find the right job,” it said in a statement.
The recent acquisitions have upgraded the company’s platform to include included video integration, data optimization and omni-channel interview scheduling features. After announcing its first and second acquisitions in 2020 (of companies My Ally and Endouble, respectively), in February, the company also acquired Talentcube, an experience-driven video technology company based in Munich, Germany.
“Since the beginning, we have rooted our platform in intelligence versus simply adding AI as a single tool or feature,” CEO and cofounder Mahe Bayireddi said in an announcement. “This makes our AI dramatically different, and helps us cultivate a healthy talent ecosystem. Jobs are the foundation of thriving societies around the world. They provide livelihoods and help people reach their full potential.”
Phenom listed clients like Southwest Airlines, Land O’Lakes, AXA and Radian Group Inc., saying more than 400 global enterprises are using the HR tech platform.
“As organizations respond to a seismic shift in how they approach and manage talent, Phenom is scaling with conviction, so everyone has the resources to succeed in times of both volatility and stability,” Bayireddi said.
A company spokesperson told Technical.ly that Phenom employs more than 1,000 employees based in offices in the Philadelphia region and in Canada, India, Israel, the Netherlands and the U.K. About 200 are based locally. The company is hiring more than 100 roles right now, with 19 in Pennsylvania.
Hear Bayireddi talk about the raise in this announcement video:
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