Recruit forms $20m technology fund

Aug 17, 2015 • Robert Lavine

The HR Technology Fund will join the human resources company's existing unit, Recruit Strategic Partners.

Japan-based human resources firm Recruit Holdings has launched a strategic investment fund called HR Technology Fund with ¥2.36bn ($20m) of capital.

Recruit has so far made corporate venturing investments through its Recruit Strategic Partners unit, investing in companies including e-signature technology provider DocuSign, fashion e-commerce company Rent the Runway and fitness app FitMob.

HR Technology Fund will invest in human resources technology companies from seed stage to pre-IPO. Fund manager Chihiro Ueda said: “Our goal is to provide funding for…

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