News

Global HR Tech Report Q1 2023

09 Feb 2023

Drake Star is pleased to publish its Global HR Tech Market Report providing key insights into the global HR Tech market, M&A & fundraising activity. HR Tech proved to be a shining star in the technology sector during 2022, with a record first half and sustained high performance throughout the year. Report highlights include: 

  • M&A & fundraising activity including 46 M&A deals outlined in Q4 ’22
  • Detailed market map, key industry dynamics, and top technology trends for 2023
  • More than $11.5 billion of invested capital in private funding rounds making 2022 very strong compared to 2020 and 2019 levels
  • Notable deals such as Q4 ‘22 majority acquisition of ELMO by K1 Investment Management, valuing the company at $308 million
  • Prediction that 2023 will be an active year driven by strategic and PE M&A activity to add technology innovation, extend product capabilities and enhance market positioning
  • Much more in the full report
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Ralf Philipp Hofmann

Managing Partner, Member of the Executive Committee

Software/SaaS

Digital Services

Munich

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Jim Holzer

Managing Partner

Software/SaaS

Digital Services

New York

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