Phenom joined the Unicorn Club on April 7, 2021, after raising a $100 million Series D funding round led by B Capital, valuing the company at $1.3 billion. Headquartered in Ambler, Pennsylvania, United States, Phenom develops an AI-powered talent experience management (TXM) platform designed to transform how companies attract, engage, and retain talent.
Its suite of products include Phenom TXM, CX, EX, RX, and MX creates a connected ecosystem for employers, recruiters, candidates, and employees. Major HR software platforms, including LinkedIn, Workday, Glassdoor, Taleo, and Lumesse, utilize the company’s solutions.
Keep reading to see how Phenom reshaped recruitment and employee engagement with AI-driven insights.
What Is Phenom and What Does It Do?
Founded in 2010, Phenom offers a comprehensive talent experience platform that leverages AI to personalize every step of the hiring and employee journey. Its core product, Phenom TXM, integrates data and automation to improve candidate engagement, reduce time-to-hire, and enhance retention.
The platform’s sub-products include Phenom CX, a candidate engagement chatbot that personalizes job discovery and communication; Phenom EX, which focuses on employee experience by helping companies retain and grow internal talent; Phenom RX, which provides recruiters with AI tools to match, engage, and manage candidate pipelines; and Phenom MX, which enables management teams to analyze and optimize recruitment workflows.
Phenom’s tools enable HR teams to create an end-to-end experience that aligns recruitment, onboarding, and employee development.
How Much Funding Has Phenom Raised?
1. Series D Round (Unicorn Round)
- Amount Raised: $100 million
- Date: April 7, 2021
- Valuation: $1.3 billion
- Lead Investor: B Capital
- Purpose: Scale AI capabilities, enhance automation tools, and expand globally.
2. Previous Funding Rounds (Seed to Series C)
- Cumulative Funding: ~$69 million
- Key Investors: Dragoneer Investment Group, WestBridge Capital
- Purpose: Product innovation and platform expansion.
Total Funding Raised: ~$169 million
Latest Funding Date: April 7, 2021
Latest Known Valuation: ~$1.3 billion
Employee Count: 797 (as of October 31, 2024)
Key Investors
1. B Capital
- Details: Global venture capital firm founded by Facebook co-founder Eduardo Saverin.
- Focus Areas: Enterprise SaaS, AI, HRTech, and digital transformation.
2. Dragoneer Investment Group
- Details: Growth-oriented investment firm backing global technology companies.
- Focus Areas: Cloud software, enterprise tech, and data infrastructure.
3. WestBridge Capital
- Details: Private equity and venture investment firm focusing on mid-to-late-stage companies.
- Focus Areas: Enterprise technology, SaaS, and AI-driven platforms.
Where Is Phenom’s Headquarters?
Phenom is headquartered in Ambler, Pennsylvania, United States, with a strong presence in India and Europe. The company focuses on developing scalable HRTech solutions powered by artificial intelligence for global enterprise clients.
What’s Next for Phenom?
Phenom continues to enhance its AI-driven recruiting and employee engagement solutions, with new product integrations focused on skills intelligence, automation, and predictive analytics. The company’s future roadmap emphasizes expanding its global footprint and deepening integrations with major HR systems, such as Workday and SAP SuccessFactors.
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