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.
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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