New Funding and ZipRecruiter Buys Breakroom

Rec Tech: the Recruiting Technology Podcast

Raleigh, NC – CloudPay, a leading independent provider of global payroll and payment solutions, today announces the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay’s capital base and provides flexibility for future growth opportunities.

https://hrtechfeed.com/payroll-provider-secures-120-million-in-funding/

Tezi, an AI-powered recruiting startup based in Menlo Park, California, has secured $9 million in seed funding led by 8VC and Audacious Ventures. The company plans to utilize the investment to accelerate product development and expand operations ahead of its anticipated launch in Fall 2024.

https://hrtechfeed.com/new-virtual-recruiter-platform-raises-9m/

CHICAGO — When, the AI-powered offboarding solution designed to help employees navigate post-employment transitions and maintain access to healthcare by offering more affordable alternatives to COBRA, today announced it has closed its latest Seed funding round of $4.6 million led by B Capital

https://hrtechfeed.com/employee-offboarding-tool-gets-4-6m/

ZipRecruiter® (NYSE: ZIP) announced financial results for the quarter ended June 30, 2024.

• Quarterly revenue of $123.7 million

• Quarterly net income of $7.0 million, or net income margin of 6%

https://hrtechfeed.com/ziprecruiter-earns-124m-in-q2/

ZipRecruiter®, also announced that it has acquired Breakroom, a UK-based employer review platform focused on frontline industries such as retail and hospitality. In line with its mission to actively connect job seekers with their next great opportunity, ZipRecruiter plans to launch Breakroom in the United States to empower workers with the job insights they need to apply with confidence.

https://hrtechfeed.com/ziprecruiter-acquires-employer-review-platform/