# Phenom People

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phenom-people

- Industry: Software
- Headquarters: Ambler, US
- Website: www.phenom.com
- Total disclosed funding: $129M
- Latest round: Series D (Mar 8, 2021)
- Investors on record: 12

## About

Phenom People, Inc. is a US-based technology company specializing in innovative talent acquisition and management solutions, integrating artificial intelligence and workforce intelligence to streamline hiring processes and enhance employee experiences.Founded in 2010 in Ambler, US, Phenom People, Inc. provides a platform for talent acquisition and management. The company has successfully raised USD 70 mn in Series D funding on March 8, 2021, led by B Capital Group, with participation from Dragoneer Investment Group, Golden Arc Capital, and OMERS. It has raised a total of USD 70 mn, reaching a company valuation of USD 1.18 bn. Phenom People was co-founded by Brad Goldoor, Cole Nevins, Hari Bayireddy, Mahe Bayireddi, and Ronan Boudet, with Mahe Bayireddi serving as CEO.Phenom offers a comprehensive suite of products designed to enhance the talent acquisition and management processes through the integration of artificial intelligence and workforce intelligence. Their core offerings include the Phenom Intelligent Talent Experience platform, which streamlines recruiting workflows, personalizes candidate interactions, and automates various HR processes to improve hiring efficiency. Key functionalities include automated job recommendations tailored to candidates' skills and experiences, personalized development journeys for employees, and a robust HRIT ecosystem that integrates talent data to enhance decision-making. The company's solutions are aimed at addressing challenges such as high-volume hiring, employee retention, and talent development across various industries, including healthcare, technology, transportation, and financial services. Phenom serves a diverse client base of over 700 organizations globally, focusing on markets in North America, Europe, and Asia.Phenom operates primarily on a subscription-based revenue model, enabling organizations to access its suite of talent acquisition and management tools through recurring payments. This structure is designed to facilitate long-term partnerships with clients, allowing for consistent updates and support. The company’s flagship products, which include the Phenom Career Site and Talent Marketplace, are priced according to specific features and capabilities, aligning with the needs of various businesses. Clients typically engage in contracts that encompass multiple services, enhancing their overall talent management strategies. Phenom's business transactions involve direct collaborations with employers who seek to optimize their recruitment processes and improve employee retention through advanced technology solutions.In April 2021, Phenom People, Inc. raised USD 70 mn in Series D funding, which will be used to further product development initiatives. The company aims to introduce new products that leverage AI to enhance user experience and performance in talent management. Phenom is also planning to expand into new markets including Europe and Asia by the end of 2023, aiming to increase its global footprint and client base.

## Funding rounds

- Series D, Mar 8, 2021, $70M — OMERS, Golden Arc Capital, Dragoneer Investment Group, B Capital
- Series C, Jan 8, 2020, $30M — Sierra Ventures, WestBridge Capital Partners, AllianceBernstein, Sigma Prime Ventures, AXA Venture Partners, Karlani Capital, Omidyar Technology Ventures
- Series B, May 7, 2018, $19M — Sierra Ventures, Sigma Prime Ventures, AXA Venture Partners, Omidyar Technology Ventures
- Series A, Jan 15, 2016, $2.5M — Sierra Ventures, Sigma Prime Ventures, Karlani Capital
- Series A, Oct 19, 2015, $7M — Sierra Ventures
- Seed, Jun 1, 2013, $0.3M — SRI Capital

## Investors

- SRI Capital (https://capitalatlas.ai/funds/sri-capital) — Seed
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series A, Series B, Series C
- Sigma Prime Ventures (https://capitalatlas.ai/funds/sigma-prime-ventures) — Series A, Series B, Series C
- Karlani Capital (https://capitalatlas.ai/funds/karlani-capital) — Series A, Series C
- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Series B, Series C
- Omidyar Technology Ventures (https://capitalatlas.ai/funds/omidyar-technology-ventures) — Series B, Series C
- WestBridge Capital Partners (https://capitalatlas.ai/funds/westbridge-capital-partners) — Series C
- AllianceBernstein (https://capitalatlas.ai/funds/alliancebernstein) — Series C
- OMERS — Series D
- Golden Arc Capital — Series D
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series D
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series D