About HRTech
There are 63.4K companies in the HRTech sector across the world, with 8.67K funded companies having collectively raised $121B in venture capital money and private equity. Overall 4.09K of these are Series A+ funded and the sector has seen the creation of 81 Unicorns.
HRTech sector has seen 2.18K acquisitions and 510 IPOs. This represents almost 4.2% of all such companies - which is higher than the 4.0% exit rate of tech companies in general.
This sector includes companies providing technology for human resource solutions to enterprises.
HRTech sector is also known as HR Technology, Human Resource Technology, Human Resource Software or Human Resource Management Tech.
Companies included in HRTech sector
Companies that provide technology for human resource solutions to enterprises. These solutions help in hiring, managing , engaging , training and supporting employees. Also included solutions for candidate career enhancement.Companies excluded in HRTech sector
Companies providing outsourcing services for various HR Functions like Recruiting, Talent Management, Workforce Management, Payroll and moreMarket Map of HRTech
The market map of HRTech gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution. Top 3 trending business models in HRTech sector are Remote Work Tools, Employee Engagement and HRMS for Enterprises.
Reports related to HRTech
Here are some reports related to HRTech sector:
Free
HRTech - Sector Report
Edition: September, 2026 (98 Pages)
Premium
HRTech Investor Landscape
Edition: September, 2026 (10 Pages)
Premium
HRTech Exit Landscape
Edition: June, 2026 (15 Pages)
View all reports related to HRTech. Sign up today!Top Companies in HRTech
There are more than 63.4K companies in HRTech. Workday is the top HRTech company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top HRTech companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Developer of cloud software for human resources finance and operations | Pleasanton (United States) | 2005 | Public | $352M | |
Provider of professional networking services for career development and recruiting | Sunnyvale (United States) | 2002 | Acquired | $144M | |
Provider of a platform for talent experience and workforce agility | Santa Monica (United States) | 1999 | Acquired | $64.4M | |
Provider of virtual physical therapy and digital pain care solutions | San Francisco (United States) | 2015 | Public | $854M | |
Cloud-based payroll, benefits, and HR software for small and medium-sized businesses | San Francisco (United States) | 2012 | Series E | $718M |
Companies founded year-on-year in the HRTech sector
1,871 new startups have been founded so far in 2026 in the HRTech sector. 5,075 HRTech startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 1,871 |
2025 | 1,786 |
2024 | 2,876 |
2023 | 3,206 |
2022 | 2,743 |
2021 | 3,759 |
2020 | 5,075 |
2019 | 4,181 |
2018 | 3,469 |
2017 | 3,163 |
Companies founded across countries in the HRTech sector
United States has 16,679 HRTech startups, the most by any country, followed by India which has 8,352 startups and United Kingdom which has 6,194.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 16,679 |
India | 8,352 |
United Kingdom | 6,194 |
Germany | 2,506 |
Canada | 2,003 |
Australia | 1,793 |
France | 1,393 |
Netherlands | 1,220 |
Singapore | 874 |
China | 776 |
Stage-wise distribution of the HRTech sector
Out of the total 63,369 HRTech companies, 8,668 have secured funding. Among them, 4,094 have reached Series A or higher, and 3,271 to Series B or beyond.
Founded - 63,369
Funded - 8,668
Series A+ - 4,094
Series B+ - 3,271
Series C+ - 2,973
Company Stage | No. of companies |
|---|---|
Founded | 63,369 |
Funded | 8,668 |
Series A+ | 4,094 |
Series B+ | 3,271 |
Series C+ | 2,973 |
Want to know more about HRTech ? Signup and explore Tracxn for free
- 63.4K+ Total Companies
- $121B+ Total Funding
- 8.7K+ Funded Companies
- 505+ IPOs
- 2.2K+ Acquisitions
- 150+ Reports
Funding Trends in the HRTech sector
Total funding year-on-year in the HRTech sector
The HRTech sector saw a total funding of more than $98.7B in the last 10 years. The most amount of funding was in 2021 at more than $27.5B. There has been a total funding of $3.27B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $3.27B |
2025 | $5.77B |
2024 | $4.58B |
2023 | $5.93B |
2022 | $14.2B |
2021 | $27.5B |
2020 | $8.27B |
2019 | $10.3B |
2018 | $14.3B |
2017 | $4.67B |
Total funding across countries in the HRTech sector
In the last 10 years, HRTech startups in United States have recieved the highest funding among all countries - $66.1B. United Kingdom follows with $5.51B and France with $3B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $66.1B |
United Kingdom | $5.51B |
France | $3B |
India | $2.64B |
Germany | $2.59B |
Canada | $2.04B |
China | $2.03B |
Australia | $1.98B |
Japan | $758M |
Singapore | $464M |
Total funding amount raised by stage in the HRTech sector
Over the last 10 years, the HRTech sector have seen $5.21B into Seed Stage funding rounds, $27.9B into Early Stage funding rounds and $38.9B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $38.9B |
Early Stage | $27.9B |
Debt | $18.3B |
Seed Stage | $5.21B |
Post IPO | $3.35B |
PE | $1.15B |
Grant | $175M |
ICO | $103M |
Other-Equity | $1.69M |
Recent Funding Rounds in HRTech
In the year 2026, till September 2026, HRTech companies have raised $3.01B in equity funding across 247 rounds.
In the same period last year (i.e. till September 2025), HRTech companies had raised $3.72B across 350 rounds.
So, 2026 has seen a 18.91% drop in funding in HRTech companies as compared to 2025.
Here are some recent, important funding rounds in HRTech:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series C | 8445 | Sep 30, 2026 | ||
Series B | 1558 | Sep 30, 2026 | ||
Series B | 9357 | Sep 26, 2026 | - | |
Seed | 1962 | Sep 25, 2026 | - | |
Series A | 3109 | Sep 24, 2026 |
Top Investors in HRTech
Y Combinator is the top investor in HRTech companies based on number of companies invested.
Here are some top investors in HRTech:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Mountain View (United States) | ||
New York City (United States) | ||
Ho Chi Minh City (Vietnam) | ||
Washington, DC (United States) |
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M&A activity in HRTech
In the year 2026, till September 2026, 89 acquisitions happened in HRTech sector. Last year, in 2025, a total of 174 acquisitions happened in HRTech sector.
Here are some recent, important acquisitions in HRTech:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 29, 2026 | ||
Business Acquisition | Sep 22, 2026 | ||
Business Acquisition | Sep 17, 2026 | ||
Business Acquisition | Sep 17, 2026 | ||
Business Acquisition | Sep 16, 2026 |
Acquisition trends in HRTech
Here are the acquisition trends in HRTech:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 89 |
2025 | 174 |
2024 | 210 |
2023 | 200 |
2022 | 258 |
2021 | 255 |
2020 | 160 |
2019 | 189 |
2018 | 144 |
2017 | 132 |
IPOs in HRTech
In the year 2026, till July 2026, 2 IPOs happened in HRTech sector.
Here are some recent, important IPOs in HRTech:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jul 24, 2026 | Taiwan Stock Exchange (TPE) | |
Jul 22, 2026 | Euronext Exchange (Euronext) | |
Jul 04, 2025 | Singapore stock exchange. ( SGX) | |
May 22, 2025 | New York Stock Exchange (NYSE) | |
Feb 06, 2025 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most HRTech companies
Companies founded by alumni from top colleges in the HRTech sector
Most number of HRTech startups have been founded by alumni from Stanford University, Harvard University and Harvard Business School.
College | No. of companies |
|---|---|
Stanford University | 249 |
Harvard University | 208 |
Harvard Business School | 140 |
Massachusetts Institute of Technology | 134 |
University of Pennsylvania | 125 |
IIT Delhi | 120 |
University of California (Berkeley) | 105 |
University of Oxford | 103 |
University of Cambridge | 99 |
BITS Pilani | 98 |
Total funding in companies founded by alumni from top colleges in the the HRTech sector
In the last 10 years, Stanford University graduates' HRTech companies have raised the most funding among top colleges. Harvard University alumni are second, and Massachusetts Institute of Technology alumni are third.
College | Total Funding |
|---|---|
Stanford University | $9.43B |
Harvard University | $7.66B |
Massachusetts Institute of Technology | $7.36B |
Harvard Business School | $5.66B |
Stanford Business School | $4.97B |
University of Oxford | $4.27B |
University of Cambridge | $3.16B |
Yale University | $2.83B |
University of California (Los Angeles) | $2.74B |
Columbia University | $2.58B |
Top News in HRTech
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ProHance Launches Unified Platform for Actionable Insights on Contingent TeamsPR Newswire•Sep 28, 2026•ProHance
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LinkedIn cracks down on fake employees with new verification featuresThe Verge•Sep 23, 2026•LinkedIn
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