AXA-backed Phenom People raises $30 million
Global HR technology company Phenom People has announced $30 million in Series C funding, bringing its total investments to $61 million.
The round is led by WestBridge Capital, with participation from AllianceBernstein Private Credit Investors’ Growth Stage Capital Group. Existing investors include AXA Venture Partners, Sierra Ventures, Omidyar Technology Ventures, Sigma Prime Ventures and Karlani Capital.
Headquartered in Philadelphia with offices in Canada, India, Israel, U.K. and Netherlands, Phenom People is a team of 500 employees and is best known for its AI-based SaaS platform called Talent Experience Management.
“Global organizations are shifting their spend from legacy singular HR tools to data-driven, intelligent talent experience platforms. CHROs can make an investment in a modern approach—connecting every interaction across the talent lifecycle for candidates, recruiters, employees and management.” – Mahe Bayireddi, CEO and co-founder at Phenom People.
“Phenom People’s talent experience technology is unrivaled in today’s marketplace. Their solution is transforming and progressing HR in ways that point solutions and acquired technologies do not. This matches the market direction towards experience management for talent.” – Sumir Chadha, founder and managing director at WestBridge Capital.