Global HR Tech Report Q1 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


For further inquiries, please contact:

Ralf Philipp Hofmann
Managing Partner, Member of the Executive Committee Consumer & Retail Tech Digital Media Software/SaaS Digital Services
Jim Holzer
Managing Partner Software/SaaS Digital Services

New York


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