Amid a period of historically low U.S. unemployment and high competition for skilled workers, businesses are investing in ever more tools to support and train employees. That鈥檚 resulted in a strong and steady flow of funding to startups serving this niche.
Today, , developer of a learning platform for businesses and their employees, became the latest company in the space to announce a sizable funding round. The San Francisco-based company closed on $40 million in a Series C round co-led by 1, and .
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Founded in 2015, WorkRamp has posted sharp growth recently, reporting that revenue tripled year-over year. With the latest financing, funding to date totals over $67 million.
Companies use WorkRamp鈥檚 tools for a variety of purposes, including employee onboarding and training around sales, compliance, customer service and other areas. Customers include , 听补苍诲 .
We wrote yesterday about how the human resources space broadly is seeing record sums of venture investment in recent quarters. Total venture dollars invested in HR-related companies hit nearly $9.2 billion in 2021, per 禁漫天堂 data. That鈥檚 more than the totals for 2019 and 2020 combined. Meanwhile, 2022 is off to a brisk start as well, with $2.46 billion invested.
Illustration: iStock
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