



Recruiting News Network
Recruiting
News
OperationsThe Recruiting Worx PodcastMoney + InvestmentsCareer AdviceWorld
Tech
DEI
People
People on the Move
The Leaders
The Makers
People
People on the Move
The Leaders
The Makers
Brand +
Marketing
Events
Labor +
Economics
SUBSCRIBE





Money + Investments

WorkTech Weekly Investment Rundown

George LaRocque

September 17, 2021

Money + Investments

WorkTech Weekly Investment Rundown

George LaRocque

September 17, 2021

Photo by Mathieu Stern

‍

‍

INTERVIEW: Veremark CEO Daniel Callaghan Discusses $2.8M Seed Round and Pre-employment Screening on the Blockchain‍

Daniel Callaghan, CEO of Veremark, discusses their $2.8 Million Seed Round of VC with WorkTech Founder George LaRocque. Along with the details related to the funding round, Daniel explains: , how it , and how they


  • Veremark’s “career passport” model.
  • Leveraging the blockchain for employer and candidate benefit.
  • How Veremark differs from legacy pre-employment screening providers.

The work tech market has been incredibly active with mergers, acquisitions, and funding rounds in 2021. WorkTech Market Insiders get exclusive access to market data, insights, and more with a free membership.

Enjoy the discussion!

‍


Canvas Raises $50M for Its Diversity Recruiting App and Announces New Analytics Product


Canvas today announced a $50 million Series C round of VC funding, led by Owl Ventures for its diversity recruiting application. This brings its total raised to $82.7 million. Along with the fundraising, the company announced the launch of Canvas Diversity and Analytics Benchmarking. The new product is positioned as a solution for employers in response to the SEC’s new disclosure rules for human capital metrics. It’s a compelling message, however, employers should take pause. Hiring metrics is a critical piece, but not the entire puzzle when it comes to human capital metrics.

Reviewing the positioning of the Canvas analytics offering on its website, it looks to be focused on demographics. Again, a critical piece for DEI analytics, but not nearly the entire picture when looking at human capital metrics.

A closer look at the SEC mandate:

On August 26, 2020, the Securities and Exchange Commission (SEC) introduced a new mandate regarding Human Capital disclosure requirements for all public companies in the U.S. The order directly responds to increasing requests from investors to evaluate a firm’s Environmental, Social, and Governance (ESG) practices.

Companies will be required to have a fact/data-based narrative disclosing “information about their human capital management policies, practices.” The SEC hasn’t provided any specific guidance yet. After reviewing the current memorandum, most industry experts feel that companies will be required to provide a breakdown of their workforces by employment type, demographics, etc. They will need to further and substantiate claims made in their annual, 5K, and 10K reports concerning human capital resources.

This new order puts Talent Acquisition and HR at the center of the ESG discussion, as it lives in both the “S” and “G” of ESG. The impact will extend from recruiting through talent management, compensation, workforce management, pay, benefits, and indeed every facet of the employee experience.

It’s good to see such a substantial round of funding go to a solution provider that is focused on diversity, equity, and inclusion in recruiting. As said in our mid-quarter update in early September, funding in this category has been disappointingly low in comparison to other categories.

The work tech market has been incredibly active with mergers, acquisitions, and funding rounds in 2021. WorkTech Market Insiders get exclusive access to market data, insights, and more with a free membership.

‍

‍



‍

‍

George LaRocque's updates on who got how much this week

What we're reading

‘We’re all fighting the giant’: Gig workers around the world are finally organizing

by
Peter Guest
-
rest of world

Gig workers are connecting across borders to challenge platforms’ power and policies

Got Zoom fatigue? Out-of-sync brainwaves could be another reason videoconferencing is such a drag

by
Dr. Julie Boland
-
The Conversation

I was curious about why conversation felt more laborious and awkward over Zoom and other video-conferencing software.

How to Purchase an Applicant Tracking System

by
Dave Zielinski
-
SHRM

Experts say the first step in seeking a new ATS should be to evaluate your existing recruiting processes.

View All Articles

Events

Hire Virtue's Hiring Blitz & Job Fair

Houston, TX
-
to
August 6, 2025
View All Events
Related Articles

How to Take Care of Yourself and Your Finances When You've Experienced a Layoff

June 23, 2025

Want To Reward High-Performers? Consider Providing Incentive Compensation Beyond Sales Teams

Mark Schopmeyer

June 16, 2025

© 2024 recruiting news network.
all rights reserved.



Categories
Technology
Money
People
TA Ops
Events
Editorial
World
Career Advice
Resources
Diversity & Inclusion
TA Tech Marketplace
Information
AboutContactMedia KitPrivacy Policy
Subscribe to newsletter
