SHRMLabs, founded in 2020 and based in Alexandria, Virginia, serves as the corporate venture capital arm of the Society for Human Resource Management, the world's largest HR network. The organization is dedicated to shaping the future of work by inspiring and fostering innovation within the workplace. It focuses on strategic partnerships and investments in early to growth-stage companies, leveraging a team of leaders and experts to drive advancements in human resources and related sectors. Through its initiatives, SHRMLabs aims to enhance workplace practices and contribute to the evolution of HR technology and solutions.
Managing Director, Workplace Innovation Lab and Venture Capital
Frank S. Faverzani
Venture Analyst
Past deals in Human Resources
Confirm
Series A in 2023
Confirm is the creator of a hiring and performance management platform that reflects each employee's impact and influence. The company's platform employs tried-and-true quantitative methodologies to assess candidate quality, compare candidates to others in the industry, and uncover people, projects, talents, and credentials, allowing businesses to hire the right person for the right job and attain their maximum potential.
Movo
Convertible Note in 2023
Movo is a developer of human capital management solutions focused on enhancing the mobile employee experience for frontline workers. The company's platform integrates artificial intelligence to provide supervisors with real-time insights into their personnel, improving operational efficiency. Movo's technology has been successfully implemented by large corporations with workforces of up to 80,000 employees, leading to personnel efficiency gains of up to 30%. The platform facilitates the deployment of fully credentialed professionals across various sectors, including healthcare, clean energy, manufacturing, and field engineering. By enabling supervisors to manage significantly higher task volumes, Movo aims to elevate team performance and optimize workforce management.
Confirm
Convertible Note in 2023
Confirm is the creator of a hiring and performance management platform that reflects each employee's impact and influence. The company's platform employs tried-and-true quantitative methodologies to assess candidate quality, compare candidates to others in the industry, and uncover people, projects, talents, and credentials, allowing businesses to hire the right person for the right job and attain their maximum potential.
GoodJob Software
Convertible Note in 2023
GoodJob is the AI platform that companies are using to transform remote and onsite hiring, diversity & inclusion, internal talent mobility, and succession planning. By leveraging deep matching technology, GoodJob connects talent with opportunites faster than ever before by deeply understanding a company’s top performers, applying evidence-based psychology, harnessing success signals sitting in your enterprise data, and quantifying soft & hard skills. GoodJob finds better candidates faster — creating significant operational efficiencies, promoting diversity & inclusion, enabling enterprises to “clone” their top performers, and dramatically reducing recruiting costs.
Onramp
Convertible Note in 2023
Onramp is a company that focuses on technical workforce solutions, assisting corporate clients in creating effective talent pipelines to fulfill their technical and human resource objectives. The company specializes in identifying diverse pools of talent and offers tailored training programs to ensure candidates are qualified and well-prepared for employment. One of its primary services includes the development of technical apprenticeship programs, aimed at addressing talent shortages and enhancing the skill sets of both current and future employees. By connecting technical talent, particularly from non-traditional backgrounds, with corporate partners, Onramp enables clients to expand their recruitment capabilities and invest in skills development for a more inclusive workforce.
VirgilHR
Pre Seed Round in 2022
VirgilHR is a SaaS solution that provides HR professionals with instant employment and labor law guidance.
Wilya
Pre Seed Round in 2022
Wilya is a developer of workforce management software focused on transforming the future of work in industrial manufacturing and logistics. By leveraging its expertise in manufacturing and human resources, the company addresses the challenges of managing a flexible workforce. Wilya's innovative SaaS platform aims to enhance work culture in factories by promoting diversity, minimizing mandatory overtime, and operationalizing flexibility. This approach seeks to dismantle traditional rigid work schedules, allowing factories to tap into diverse talent pools and create a more dynamic and engaged workforce.
Humaxa
Convertible Note in 2022
Humaxa, Inc. specializes in developing innovative software solutions focused on employee retention and automotive intelligence. Founded in 2017 and headquartered in Cameron Park, California, the company utilizes generative artificial intelligence to provide accurate insights with minimal errors. Its software facilitates engaging chatbot conversations to gather employee feedback through surveys, allowing organizations to respond effectively to employee needs. Additionally, Humaxa's AI Assistant delivers immediate insights for the automotive industry, streamlining processes related to marketing, warranty analysis, design standards, product strategies, and request for quotation analyses. By leveraging internal and external data sources, the platform enhances productivity and accelerates reporting and decision-making, ultimately supporting businesses in improving their operations and employee engagement.
unboXt
Convertible Note in 2022
unboXt is a software company specializing in dynamic matching solutions that enhance compatibility between hiring teams and candidates. The company offers a leadership development toolkit aimed at improving managerial effectiveness by enabling team leaders to assess employee motivation, morale, and needs. By analyzing team data, unboXt transforms this information into actionable insights and recommendations, which help boost team sentiment, loyalty, and overall performance. The software provides tools for gathering details on employee sentiment and performance, conducting trend analysis, and delivering insights that empower managers to create motivated, trusting teams aligned with organizational goals.
Sparrow
Series A in 2021
Sparrow is a San Francisco-based company founded in 2018 that offers a comprehensive software solution for managing employee leave. The platform provides employers with an end-to-end leave management system that automates notifications and communication, streamlining the process for both employees and human resources. By integrating all aspects of leave management into a single portal, Sparrow ensures that users have timely access to essential information, enhancing the overall efficiency of the leave management process.
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