Hiring / Investing / 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 / iMomentous

Knowledge is power!

Subscribe for free today and stay up to date with news and tips you need to grow your career and connect with our vibrant tech community.


WeWork ditched its original Philly coworking space at The Piazza

Looking for a resilient career? Check out these 13 local orgs

This Week in Jobs: Sketch out a new role with these 28 tech career opportunities

How I Got Here: Det Ansinn's career as a CTO and founder taught him to prioritize the people behind the tech

Technically Media