Venero's July 2020 update for HR Tech M&A and fundraising activity, valuations and peer benchmarking. Review of job market activity by country, and earnings report excerpts from publicly listed Future of Work businesses.
Report Summary:
Valuation multiples for Future of Work companies remained relatively stable in July vs. the prior month. Pure HR tech companies saw a modest multiple expansion (+4%); valuations for productivity peers contracted by 2% and diversified companies remained unchanged. HR Services decreased by almost 3%, and their multiples remain significantly below those of productivity and their tech-driven peers.
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