Here comes the final update for M&A activity in 2025. 2025 has been an extremely busy year in HR Tech/ WorkTech consolidation and it already looks like this development will continue in 2026. Key drivers of consolidation in 2025 where: Portfolio extensions of larger (suite) vendors for more up- & cross-selling - often also driven by investors. Market and customer access into untapped markets that are especially hard to win in business-critical product areas with low churn or

The last month of 2025 contained a few larger European HR Tech fundings for new start-ups or uprising scale-ups.   Again different areas of employee benefits plays as well as several recruiting and learning focus investments characterize the fundings in the European and also in the US market. US has seen less super large rounds at the end of the year - whilst there is still a chance that some closing from end of December will be communicated in early 2026.   Here are the deta

Following a very active October in terms of HRTech M&A this update summarizes November transactions and there were several ones again in the European HR Tech space. Again, multiple are characterized by established vendors acquiring AI-first vendors. Furthermore, also the payroll and HCM consolidation driven by the HCM and payroll groups continued. Here is the summary for November 2025: 𝐇𝐑𝐓𝐞𝐜𝐡 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬: 📝   Epassi   (FI) backed by   TA Associates   and  

In November, HR Tech fundings for new start-ups or uprising scale-ups in Europe were less significant and notable in size compared to some previous months, while US showed some additional larger rounds. In general, the direction of funding towards AI-first talent acquisition and learning startups continues. Here are the details: ⬇𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬: 💵   Guidoio   (IT) raised a €3.5M seed-round led by led   360 Capital   alongside   Azimut Libera Impresa   for Italy's fir

After a record-breaking third quarter in terms of numbers of transaction in #HRTech ( Venero Capital Advisors   counted 111 - highest since they started recording), analysts and advisors including myself expect the wave of consolidation to continue. Economic environment in combination with new tech advancements as well as a lot of "dry powder" = capital to deploy in private equity continue to boost acquisition interest as well as selling interest at the same time.   Also in O

I n October, HR Tech fundings for new start-ups or uprising scale-ups in Europe were not as notable in size compared to some previous months, while US showed some additional very significant rounds. The stream for additional fundings for AI-based talent acquisition, learning and benefits startups continues, thus investments again underlining that AI is driving innovation across HRTech disciplines.   Here are the details: ⬇𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬: 💵   Jack & Jill   (UK) raised

In September HR Tech fundings for new start-ups or uprising scale-ups picked up again compared to a less busy August summer month. There...

Our July Newsletter on M&A already included a sneak peak teasing that August 2025 really has been an exceptional month in #HRTech...

August despite summer break was similarly busy as July in terms of funding news but with less larger rounds. There have been some...

Whilst August in #HRTech started with a big bang on August 1st with the announcement of the planned acquisition of SmartRecruiters  by...

July as the first month of Q3 2025 was a bit more quiet in terms of funding news than the end of Q2. However, there have been some...

As usual, the months before the summer break tend to be busy months for M&A and June has proven this again. With some interesting deals...

The last month of Q2 2025 should several strong combined AI x Learning as well as recruitment investments as highlights of the HRTech...

Whilst quite a number of merger & acquisition deals in European HRTech for June 2025 have already been announced in the employee benefits...

Whilst the first month of Q2 2025 was a bit slower, HRTech investments in Europe in the month of May were really on🔥. Throughout Europe...

Whilst the first of 2025 closed with a number of deals in HRTech already, M&A announcements in April have cooled off a bit. Conversations...

The first month of Q2 2025 started a slower in terms of number of deals and investment than March 2025 in the European but also in the...

The first quarter of 2025 already came to a close and March again brought in several larger deals. At the beginning of the year, it's...

The last month of Q1 2025 brought several larger funding rounds in the European #HRTech  & #EdTech  space - with several interesting...

2025 kicked off with several larger deals in the US and that streak seems to continue further into Q1 as well. It's been discussed a lot...