PerkSpot, ClearCompany Makin’ It Rain

Hey kids, it’s The Shred for August 14, 2018, brought to you by Judge.com. Whether you’re moving your systems to the cloud, building out a team for your next project, finding healthcare talent for your organization, filling that mission critical direct hire to lead your team, or training your employees on the latest technology, Judge.com can deliver to ensure your organization’s long-term growth. To the news: Money is flowing. Last week, Chicago-based PerkSpot raised $50 million. It’s the first time the company has raised money since being founded in 2006 as a home-based business. The company works with merchants to offer freebies and discounts to companies and their employees. The warm-and-fuzzy space is hot right now. Millennials are almost at a point where they expect perks from employers. And with competitors like Fond, Bonusly and Corporate Perks duking it out for marketshare, I suspect more money and startups in the months and years to come. Also making it rain, Boston-based ClearCompany announced a $60 million round of funding today – also its first raise since launching over a decade ago. The company says it’s “the leading recruiting and talent management software solution that helps companies identify, hire and engage more A Players.” Stop me if you’ve heard that one before. Andre Lavoie, CEO and Co-Founder of ClearCompany said the investment will “allow us to continue to hire the best people and maintain our position as the industry growth leader and innovator in talent software.” Be sure to tune into the weekly show for deeper opinion on news you hear on The Shred. Once again, thanks to our sponsor Judge.com. With over 48 years of experience and success, Judge is an industry leader in technology, talent and learning solutions. Judge is a family-owned business which has grown globally with offices in the United States, Canada, India and China. Learn more at j-u-d-g-e-dot-com. Cheesman out.