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Tech Roundup: Assessment, ATS, retail and hourly worker platforms announce funding; staffing firm brand change

June 15, 2022

Several firms announced funding rounds: TestGorilla, Fountain, Reflex, HourWork and SkillPointe LLC. The Planet Group unified its technology consulting companies under one brand.

TestGorilla

TestGorilla, a provider of pre-employment screening tests and assessments, announced a $70 million Series A funding round.

The round was led by London-based venture capital firms Atomico and Balderton Capital, and it brings total investment in the company to $80 million. TestGorilla launched in the summer of 2020, and the company said it now has more than 5,300 customers including Sony, PepsiCo, Bain and Co. and Oracle.

It was founded by Wouter Durville and former Bain and Co. partner Otto Verhage.

“By replacing résumés with more than 220 scientifically validated tests, our platform helps to eliminate hiring bias, creating a level playing field where every candidate can compete on equal terms,” Durville said.

TestGorilla is based in Amsterdam.

Fountain

Fountain, which provides an applicant tracking system focused on hourly workers, today announced a $100 million funding round that is an extension of its November Series C round. The investment brings total funding raised in the Series C round to $185 million.

The extension was led by B Capital Group, joined by SoftBank and others.

Fountain said that to date it has processed more than 68 million applications and helped hire more than 9.2 million workers in 75 countries. Fountain was founded in 2014 and is based in San Francisco.

Reflex

Reflex, a platform that connects workers with retail businesses, announced a $4.5 million seed funding round earlier this month. It brings total funding at the Austin, Texas-based company to $5.95 million.

The $4.5 million funding round was led by venture capital firm Indicator Ventures.

Reflex plans to use the funds to expand across Texas.

The company also noted it has several angel investors with retail experience, including Jim Scully, the former CFO and chief administrative officer at J.Crew; Mike Tucci, the former president of Coach’s North American retail division; and Ron Sargent, the former chairman and CEO of Staples.

HourWork

HourWork announced an additional $2.5 million Series A funding round. The Boston-based company provides a platform for retaining hourly workers through automated check-ins and recruiting and re-engaging workers, including past applicants and former employees.

The round follows a $10 million Series A round completed in May. The new round was led by MassMutuals’ MM Catalyst Fund, which invests in Black-led businesses in Massachusetts as well as technology- and sustainability-focused companies outside Boston.

Along with the funding, Carla Harris will join HourWork’s board as an observer. Harris is the senior client advisor at Morgan Stanley and serves as co-portfolio manager of the Next Level Fund. She also serves on the boards of Walmart, Cummins Corp. and MetLife.

HourWork was founded by CEO Rahkeem Morris and COO Rob Snyder.

SkillPointe LLC

SkillPointe LLC, a platform that connects skilled trade workers with training and job opportunities, announced a $2.25 million Series B-3 funding round. Investment bank Presidio Group LLC led the round.

“SkillPointe is a one-stop shop where job seekers can pick their career path, find the necessary training and connect with employers in their local market with specific demand for those relevant skills,” said Todd Wilson, SkillPointe founder and managing partner.

The Atlanta-based company plans to use the funds to enlarge its network.

“We want to elevate these jobs by offering training, advice and even scholarships so millions of job seekers can find a more fulfilling career,” said SkillPointe CEO Jim Franchi. “This new funding will be used to expand SkillPointe’s network of educational institutions, engage more employers and market to job seekers.”

The Planet Group

The Planet Group, a Chicago-based staffing provider, announced earlier this month that it has unified its technology consulting companies under the Strive Consulting brand. This means The Planet Groups’ Rokster business line will now operate under the Strive brand. Rokster specializes in cybersecurity, artificial intelligence, blockchain and business intelligence.

“By combining Strive and Rokster, we are bringing world-class leaders together and will be better positioned to support our clients’ challenges and growing cybersecurity and technology needs across all end markets,” said Tim Simmerly, president of The Planet Group.

The Planet Group, a portfolio company of Odyssey Investment Partners, acquired the Strive operations in December 2021.