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Funding roundup: Terra Staffing Group gets private equity investment; ChangeEngine raises $5.5 million

February 07, 2023

Terra Staffing Group and workplace technology solutions provider ChangeEngine announced funding rounds.

Terra Staffing Group

Hastings Equity Partners, a lower middle-market private equity firm, announced its third Fund V platform investment in Terra Staffing Group, a Washington-based staffing provider for industrial, consumer products, food and beverage and logistics industries.

“The global labor shortage has affected companies everywhere – industrial and administrative roles are no exception,” said Grant Reckhow, principal at Hasting. “Terra is uniquely positioned to capitalize on global trends in temporary labor market growth by providing unique, technology-driven solutions to companies with difficult-to-fill jobs that often strain human resource departments.”

The value of the investment was not announced.

Founded in 1983, Terra Staffing Group operates out of 18 offices across five states and provides a suite of outsourced HR services and solutions.

“Our business is about people, and Hastings understood that from day one,” said Terra CEO Greg Lambert. “Keeping our customers and our working associates satisfied and fulfilled is the key to success in our industry.”

ChangeEngine

Workplace technology provider ChangeEngine announced that it raised $5.5 million in seed funding. The funding round was led by Struck Capital and joined by Bonfire Ventures, Builders VC and Forward Partners.

ChangeEngine helps companies treat their employees like internal customers by syncing with their employee data, creating employee persona segments to drive high-value communications and designing engaging visual content that aligns with the external and internal brand.

Founded in 2021, ChangeEngine is headquartered in San Francisco. With its seed funding proceeds, the company plans to build modern AI into its platform to democratize idea generation, visual design, tonal variations and predictive insights.

“ChangeEngine is a command center for all employee-facing initiatives: a centralized platform for companies to design and deliver the employee moments that matter most,” said CEO Andrew Higashi. “In this economic climate, leaders are aware that they need to uplevel their internal communications and sustain alignment across global teams – but it’s a struggle to do so with existing disparate systems that don’t talk to each other.”