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In Tech: Catalant lands $41 million, Fiverr acquires Veed.me, Entelo does series C round

June 29, 2017

In technology news this week, online staffing firm Catalant announced $41 million in funding, fellow online staffing provider Fiverr announced the acquisition of online videographer platform Veed.me and its Fiver Pro offering, and online talent search platform Entelo announced $20 million in funding.

In addition, there’s other tech news from TalentWorks, The Muse and more.

Here is this week’s talent tech news:

Catalant

Online staffing firm Catalant announced $41 million in new funding this week, bringing total funding raised to $73 million, according to a Forbes article.

Catalant, which was formerly called HourlyNerd.com, matches businesses with management consultants. The Boston-based company was begun in 2013 by co-CEOs Rob Biederman and Patrick Petitti.

Catalant plans to spend the $41 million on marketing and research and development for its software.

The most recent funding round includes debt financing and a Series D venture capital round co-led by Highland Capital Partners and General Catalyst partners. The company is on track to make $50 million in annual revenue. Highland Capital Partners is based in Palo Alto, Calif., and has also invested in human cloud firm Handy.

Fiverr

Fiverr announced the acquisition of Veed.me, an online platform that enables clients to connect with videographers, and the launch of its Fiverr Pro.

The company’s Fiverr Pro marks the next step for the firm that began as an online marketplace in 2010 for tasks of $5 (the limit was dropped in 2012) connecting clients to workers that can build websites, provide graphic design services, marketing, voice overs and other services.

With Fiverr Pro, the company aims to provide a pre-vetted selection of experienced freelancers to clients that need a higher touch experience. Freelancers are chosen through quality of work, demonstrated ability to freelance, education and/or certification and communication skills. An example of a Fiver Pro job might be a full brand identity rather than just a quick design of a logo.

Veed.me is based in San Francisco and was founded in 2012 by Yoav Hornung, Oren Hod and Nuriel Zuaretz. The platform includes 3,500 professional videographers. Its clients include Facebook, Google and Slack. Terms of the transaction were not announced.

Entelo

Entelo announced earlier this month it raised $20 million in a Series C funding round. The San Francisco-based firm searches the Internet and uses artificial intelligence to find talent automatically. The funding will go to further investment in AI and to increase hiring.

The financing round was led by US Venture Partners with participation from existing investors Battery Venture and Shasta Ventures and new investment from Correlation Ventures.

Entelo says it is working with more than 600 companies.

TalentWorks

TalentWorks on Wednesday announced the launch of its platform, and GeekWire reported the firm received $2.4 million in funding. The online platform is aimed at job seekers and looks to automate the job-searching process that crawls through jobs postings to find positions that candidates qualify for and then enables candidates to apply via one-click-ready job applications.

The platform also enables candidates to get information and support during the job-search process and automatically parses, scores and optimizes resumes against more than 100,000 other resumes to increase response rate.

Candidates can use TalentWorks’ services for as low as $10 per month.

The firm was founded by former Amazon engineering leaders Kushal Chakrabarti and Ajit Banerjee.

The Muse

The Muse, an online site that helps connect companies with employees by creating online videos of company worksites, acquired Brand Amper, a firm whose “tools enable companies to collect data like employee sentiment by inviting employees to tell stories, including through a Mad Libs-like web app,” TechCrunch reported.

Last year, The Muse had announced $16 million in a funding round led by Icon Ventures. The series B round brought total investment in the New York-based firm to $28.7 million. It had also ranked No. 16 on the Deloitte Technology Fast 500 last year.

Fixer

Crain’s Chicago Business reports that Grubhub founder Mike Evans began a new on-demand handyman service called Fixer.com. The difference is that his workers will be full-time employees. “I feel like the gig economy is providing the kind of career that's not great for people,” Evans told Crain’s Chicago Business. “It’s really challenging to get people to show up and do the work and get people with the training. In an environment where employment is tight, we can attract employees.”