Around the world, VC and M&A ended 2023 on a sour note, and the HR tech market felt the hit. In the fourth quarter, investment in HR tech totaled $480 million, which was less than half of what it was the same time the previous year. Mergers fell 75% to only 13.
Despite the downfall, HR tech showed respectable activity and ingenuity which brought a sense of gro
wth and forward movement to the field. Companies launched many new products and enhanced existing ones, especially with AI capabilities.
Read the full report, as we wrap up what happened in HR tech in 2023 and what it means for 2024.
Published: March 18, 2024
