Phenom Series-D

This is the Phenom pitch deck to raise a $100m series-d round in 2021.

About

Phenom is a global HR technology company with the purpose to help people find the right job and discover their true potential. They are a software company that transforms engage, attract, convert, and retains top talent through talent experience management. Their platform automates the complex process of driving awareness, interest, engagement, and acquisition for qualified talent. It also transforms the talent journey from interested candidates to thriving employees to enthusiastic brand advocates, while helping HR evolve from a cost center to a revenue generator.

Phenom People delivers the Phenom Talent Experience Management (TXM) platform to transform the talent journey from interested candidates to thriving employees to enthusiastic brand advocates while helping HR break the stereotype of being a cost center instead of a revenue generator. The company platform is built on artificial intelligence (AI), which drives personalization, automation, and accuracy for candidates, recruiters, employees, and management.

Phenom People has received the Stevie Award for Employer of the Year 2018 and The Recruiting Service Innovation Award (ReSI) for Innovator of the Year (Employment Site Partner Category). The company was founded in 2010 and is headquartered in Ambler, Pennsylvania.

Phenom, a human resources tool for recruiting new talent, just raised $100 million in a Series D funding round at a $1.3 billion valuation.

Phenom, headquartered in Pennsylvania, uses artificial intelligence to automatically personalize a company’s communication with applicants, recruiters and hiring managers, ultimately saving its customers time in the recruitment process. B Capital Group led the round, which tripled the startup’s valuation from its previous January 2020 funding round when it was valued at $400 million.

Phenom cofounder and CEO Mahe Bayireddi said being raised by parents who owned small businesses in India made him care deeply about helping people get jobs, which inspired him to start Phenom.

“It was always about like, my kid will give jobs to thousands of people. It was never about like, my kid will be rich,” Bayireddi said. “So that was the fundamental foundation.”

The company has signed on customers like Southwest Airlines, Whole Foods, and Hilton and, according to Phenom, has helped 25,000 recruiters, talent marketers, and recruiting managers hire over 2 million people.

This Series D is the company’s biggest round to-date and brings its total funding to $160 million.

Bayireddi said that including comprehensive market data in the pitch deck gave the firm a “massive edge compared to anybody else.”

Also, the deck kicked off conversations that allowed the firm to glean which VCs really felt passionate about what the company was trying to do.

“If an investor doesn’t connect to our purpose, we don’t want to take their money,” Bayireddi said. “So we want to find the people who can really be on this journey for a long time.”

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