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November 09, 2021 | Tom Ballard

HR-focused firms scooping-up VC funding in record amounts

It could be a very good time to have a human resource-focused start-up.

According to this article from Crunchbase News, money is pouring into human resource tech like never before, and the past two months alone have proven unprecedented. It’s all as a result of the “Great Resignation” still very much in the headlines and job openings being plentiful to anyone on LinkedIn.

Funding in the sector has more than doubled since mid-July. Total venture dollars now stand at nearly $7.5 billion for the year, more than the totals for 2019 and 2020 combined. Also, since September 1, start-ups in the sector have seen nearly $2.8 billion in venture dollars come their way. “To put that in perspective, that is more than the total amount of venture capital the industry saw all of last year when $2.2 billion were invested,” Crunchbase News writes.

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