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Announced

Completed

B Capital Group led a $100m series D funding round in Phenom.

Financials

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Transaction Value£89m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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online platform

Single Bidder

hr technology

Minority

Private Equity

Domestic

Friendly

Venture Capital

Private

Online and Social Platforms

Completed

United States

Acquisition

Synopsis

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B Capital Group, a multi-stage global investment firm, led a $100m series D funding round in Phenom, a global HR technology company, with participation from Dragoneer Investment Group, OMERS Growth Equity and GoldenArc Capital. “At Phenom, we’ve always been a purpose-driven company, and that will never change. Since the beginning, we have rooted our platform in intelligence versus simply adding AI as a single tool or feature. This makes our AI dramatically different, and helps us cultivate a healthy talent ecosystem. Jobs are the foundation of thriving societies around the world. They provide livelihoods and help people reach their full potential. As organizations respond to a seismic shift in how they approach and manage talent, Phenom is scaling with conviction, so everyone has the resources to succeed in times of both volatility and stability,” Mahe Bayireddi, Phenom CEO and co-founder.

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