The recruiting sector is being reshaped by technology that supports global and remote workforces. There are currently 18 unicorn startups in this space.

Deel leads with a $17B valuation for its global HR platform. Newcomer Mercor, founded in 2023, has also reached a $10B valuation with its AI-based hiring tools.

Below is the full list of 18 Recruiting unicorn startups at this time.

Top 10 Most Valuable Recruiting Unicorns

Deel has built an all-in-one platform for companies to hire and manage international teams. Their software handles the complexities of global payroll, HR, and compliance so businesses can onboard talent from anywhere.

Valuation$17B (Joined April 2021)
HeadquartersSan Francisco, California, United States
Year Founded2019
FoundersAlex Bouaziz, Ofer Simon, Shuo Wang
Funding Amount$1.3B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries E
Top InvestorsY Combinator, Franklin Templeton, General Catalyst, Andreessen Horowitz, Spark Capital

Mercor created an AI-based hiring platform to improve how companies find and recruit new employees. Their technology focuses on matching talent with opportunities specifically tailored to their skills.

Valuation$10B
HeadquartersSan Francisco, California, United States
Year Founded2023
FoundersAdarsh Hiremath, Brendan Foody, Surya Midha
Funding Amount$483.6M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeries C
Top InvestorsMenlo Ventures, Link Ventures, General Catalyst, Felicis, Benchmark

Personio builds a comprehensive HR software platform tailored for small and medium-sized enterprises. They bring core HR processes like recruiting, payroll, and employee management together into one streamlined tool.

Valuation$8.5B (Joined January 2021)
HeadquartersMunich, Bayern, Germany
Year Founded2015
FoundersArseniy Vershinin, Hanno Renner, Ignaz Forstmeier, Jonas Rieke, Roman Schumacher
Funding Amount$724.3M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries E
Top InvestorsLightspeed Venture Partners, Index Ventures, Visionaries Club, Accel, Northzone

Handshake built a career network to help college students and recent graduates find their next opportunity. Their platform connects millions of students with thousands of employers, from Fortune 500 companies to local nonprofits.

Valuation$4B (Joined May 2021)
HeadquartersSan Francisco, California, United States
Year Founded2014
FoundersBen Christensen, Garrett Lord, Scott Ringwelski
Funding Amount$434M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries F
Top InvestorsReach Capital, Lightspeed Venture Partners, EQT Ventures, Coatue, Spark Capital

Papaya Global offers a unified platform to manage global payroll and payments for companies with an international workforce. Their cloud-based software automates the entire process, helping businesses hire, onboard, and pay employees anywhere in the world.

Valuation$4B (Joined March 2021)
HeadquartersNew York, New York, United States
Year Founded2016
FoundersEynat Guez, Ofer Herman, Ruben Drong
Funding Amount$444.5M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsScale Venture Partners, Insight Partners, Bessemer Venture Partners, IVP, Tiger Global Management

iCIMS builds a talent cloud platform to help organizations attract, engage, and hire the right talent. They unify the entire recruiting process by combining tools for applicant tracking, candidate relationship management, and onboarding into a single system.

Valuation$3B
HeadquartersHolmdel, New Jersey, United States
Year Founded1999
FoundersColin Day
Funding Amount$92.6M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsSusquehanna Growth Equity, TA Associates

Remote builds a global HR platform for hiring, paying, and managing distributed teams. They handle the complexities of international payroll, benefits, and compliance, making it possible for companies to hire talent from anywhere.

Valuation$3B (Joined July 2021)
HeadquartersSan Francisco, California, United States
Year Founded2019
FoundersJob van der Voort, Marcelo Lebre, Nicholas Macario
Funding Amount$496M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries C
Top InvestorsAccel, Gaingels, General Catalyst, Index Ventures, Sequoia Capital

Incredible Health runs a career marketplace connecting nurses with permanent and temporary roles at hospitals. Their platform helps healthcare providers hire specialized nursing talent in a fraction of the time it typically takes.

Valuation$2B (Joined August 2022)
HeadquartersSan Francisco, California, United States
Year Founded2017
FoundersIman Abuzeid, Rome Portlock
Funding Amount$99.6M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsPrecursor Ventures, Rethink Impact, Base10 Partners, NFX, Andreessen Horowitz

Eightfold AI builds a talent intelligence platform that gives companies a single system for managing their entire workforce. Its deep-learning AI helps HR teams handle everything from finding and hiring the right candidates to retaining and upskilling top performers.

Valuation$2B
HeadquartersSanta Clara, California, United States
Year Founded2016
FoundersAshutosh Garg, Varun Kacholia
Funding Amount$396.8M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsIVP, Foundation Capital, General Catalyst, Lightspeed Venture Partners, South Park Commons

Beisen builds an all-in-one talent management platform that helps enterprises manage the entire employee lifecycle. They are particularly known for their talent assessment and measurement solutions, which provide data-driven insights for HR decisions.

Valuation$2.B (Joined May 2021)
HeadquartersBeijing, Beijing, China
Year Founded2002
FoundersGuoji Wei
Funding Amount$388M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries F
Top InvestorsMatrix Partners China, Shenzhen Capital Group, Genesis Capital, HSG, Goldman Sachs

The Remaining 8 Recruiting Unicorns

The 10 most valuable companies are just part of the picture. The remaining unicorns have collectively raised over $1.8 billion, with a strong presence in the United States. Each one is tackling a different piece of the hiring puzzle, from sourcing candidates to conducting interviews. Here are the other recruiting startups to watch.

Unicorn StartupCountryYear FoundedAmount RaisedValuation
Lusha logo LushaUnited States2016$245M$2B
Gem logo GemUnited States2017$148M$1.2B
SeekOut logo SeekOutUnited States2016$188.6M$1.2B
Karat logo KaratUnited States2014$169.1M$1.1B
Apna logo ApnaIndia2019$193.5M$1.1B
Beamery logo BeameryUnited Kingdom2014$223M$1B
Phenom logo PhenomUnited States2010$161.4M$1B
Velocity Global logo Velocity GlobalUnited States2014$500M$1B