A July 2022 article in the New York Times reports that for the first time in three years, start-up funding is dropping. Investments in U.S. tech start-ups plunged 23 percent over the prior three months, to $62.3 billion, the steepest fall since 2019. The funding and development of HR technologies in the second quarter of 2022 continued at a high level, though there were fewer announcements in the quarter.
In total, there were 174 major announcements (those with at least $1 million in funding) in the quarter, down substantially from the 246 in the first quarter of 2022 but up from the 150 in the second quarter of 2021.
Download the full report to see how HR technology is developing.