It’s big. The end.
In 2015 and 2016, over $4 billion in venture capital money was pumped into the HR technology category. We estimate that about a quarter of that money has made its way into talent acquisition technologies and services.
2016 was a big year for HR tech. At TSC, we’ll remember it as:
- The year the nature of solutions changed to focus on the experience of being an employee — and irreversibly away from simple process automation
- The first year cloud HCM systems beat on-premise deployment
- A year of huge investments in HR tech;in fact, total VC investment in the last two years has surpassed the last 20, and this trend doesn’t look like it’s slowing down anytime soon