The back half of 2023 is expected to unlock the technology IPO market. Whether the public-offering window opens later this year or early in 2024, TechCrunch+ expects to see a few familiar names in the mix from the HR tech space.
And perhaps some less familiar names.
Regular TechCrunch readers are likely familiar with HR-tech unicorns like Rippling, Gusto and Deel, late-stage startups with valuations around or above the $10 billion mark.
Velocity Global is another name to include in the startup cluster. Worth a few billion dollars, its recent growth and profitability mean that when we consider potential exits in the HR technology market, it should be on the list.
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Even more fun, Velocity Global CEO Ben Wright shared a grip of financial data about his company with TechCrunch+ recently. The new numbers give us even more perspective into the growth and worth of startups that help other companies run payroll.
There is nuance in the HR tech space. First, the dividing line between running payroll and hirin …