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World – Tech Round up: Peakon, Hiring Hub, Ola India

21 March 2019

Peakon, a Danish startup employee retention platform, has raised €30 million to its previously announced series B round. The startup has now raised a total of €48 million for the round. Peakon was founded in 2015. According to TechCrunch, the startup focuses on three areas: employee engagement, actionable insights to prevent employee problems before they arise, and competitor analysis through benchmarking employee engagement data against Peakon’s proprietary industry-wide data. The latest round was led by London-based venture capital firm Atomico, with backing from existing investors, including EQT Ventures, IDInvest Partners, Balderton Capital, and Sunstone. With its latest funding, the group said it will triple its footprint in North America to provide increased support to its customers stateside, continue to invest in its Engineering team to expand the capabilities of the Peakon platform, and double its presence in Europe and APAC.

Hiring Hub, a UK-based online recruitment agency marketplace, has raised a further £725,000 investment to develop its platform, continue scaling its team, and fuel sales and marketing activity. The company helps find candidates through its network of specialist recruitment agencies. In 2017 Hiring Hub received £1.35 million from Maven Capital Partners, on behalf of the Northern Powerhouse Investment Fund, and existing investor VentureFounders to boost its technology. The latest round of funding was secured from Maven and Manchester Tech Trust Angels.

Ola India, a human cloud ride-sharing firm, announced that it is raising USD 300 million from Hyundai Motor Group, to help compete for drivers and customers against rival Uber. Hyundai Group, which includes carmaker Kia Motors, will collaborate with Ola to develop fleet and mobility solutions, electric vehicles and infrastructure specific to the Indian market. Ola’s other investors include SoftBank Group Corp and Tencent Holdings Ltd.