Following an Acquisition Spree, Ambler-based Phenom Raises $100M in Series D Financing Round

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Phenom People, the Ambler-based HR software company
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Phenom People, the Ambler-based HR software company, is one of the seven Philadelphia-area companies that made Deloitte's latest Technology Fast 500 list.

Following its third acquisition in six months, Ambler-based Phenom has raised $100 million from its Series D round of financing, writes Paige Gross for Technical.ly.

This latest round was led by B Capital Group, with Dragoneer Investment Group, OMERS Growth Equity, and GoldenArc Capital participating.

Phenom had previously raised $30 million in a Series C round at the start of 2020 and $22 million in a Series B round two years prior. The Series A round was in 2015.

The new funding will allow the HR tech company to continue developing its Talent Experience Management platform. This focuses mainly on virtual HR and recruiting trends in the post-pandemic era. The company said the money will also help it reach the long-standing goal of “helping a billion people find the right job.”

And with recent acquisitions of My Ally, Endouble, and Talentcube, Phenom has upgraded its platform to include video integration, data optimization, and omnichannel interview scheduling features.

“As organizations respond to a seismic shift in how they approach and manage talent, Phenom is scaling with conviction, so everyone has the resources to succeed in times of both volatility and stability,” said CEO and cofounder Mahe Bayireddi.

Read more about Phenom in Technical.ly.

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