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Money + Investments

Global WorkTech’s Biggest Ever Quarter of VC Investment

RNN Staff

April 16, 2021

Money + Investments

Global WorkTech’s Biggest Ever Quarter of VC Investment

RNN Staff

April 16, 2021

Photo by Annie Spratt

WorkTech has produced their Q1 analysis, showing massive HR/ TA tech investments across sectors and regions. The jump comes as the economy is recovering from global shutdowns in 2020, but is not driven by a snapback - the momentum maintained even as economies suffered. Q1 of 2020 showed a drop, but this quickly reversed Q1 2021 is an acceleration of investment activity in Q2/3/4 2020.

If the amount of VC funding pouring into work tech during Q1 doesn't get you nonplussed, the soaring valuations should. Seven unicorns reached the Unicorn valuation level of $1 billion in Q1 alone.

For more on this, visit here to read the full report and:

  • Meet the seven new work tech unicorns
  • See the breakdown of global work tech VC by category, country, and subcategory
  • See the top investments in Q1
  • Get an analysis on the quarter
Work tech saw its biggest VC quarter ever in q1 2021 with $2.7B invested globally across 91 deals in 16 countries.
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