Inscape Software announces $7m in Series B funding (6)
Inscape Software, a SaaS HR provider, has secured yesterday Sept 3rd a $7 million funding. The deal was lead by Solidarity Fund QFL, a labor-sponsored investment fund.
Previous investors in the startup, namely Rho Canada Ventures, and Garage Technology ventures Canada also participated in the round.
Inscape Software was formerly known as HR Alloy, and provides a platform for corporations and HR consulting firms a web-based, on-demand tool that allows them to recruit and manage candidates, and also follow employee performance and career. They supposedly use “science-based algorithms” to help managers come up with best decisions for their employees.

It’s noteworthy to mention that another Montreal startup, Standoutjobs, funded by iNovia Capital, also provides a HR tool for recruitement. This validates in a way the market opportunity for human resources software, but one cannot help to think that there should be battle (and blood) in upcoming months between the 2 startups, or perhaps a strategic partnership. Maybe a few HR specialists can comment on this post and shed some comparison between the 2 offerings.

I went to an event last thursday on bvd St-Laurent, expecting a democamp-style presentation, instead discovering that the Akoha team did in fact organized a party. If I didn’t meet technology people, I would have thought this was the launch of a movie or a party thrown by a pop star. 














