About VirgilHR
VirgilHR is a company founded in 2021 by Jocelyn King.. VirgilHR has raised $1.8 million across 3 funding rounds from investors including Techstars, TEDCO and Squadra Ventures. VirgilHR offers products and services including Chatbot, Onboarding Compliance, Handbook Builder, Legal Updates, and Employee Classification. VirgilHR operates in a competitive market with competitors including Wolters Kluwer, FiscalNote, Behavox, Eqs and Secureframe, among others.
- Founders Jocelyn King
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.8 M (USD)
in 3 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Feb 02, 2023
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Investors
Techstars
& 3 more
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Employee Count
Employee Count
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Products & Services of VirgilHR
VirgilHR offers a comprehensive portfolio of products and services, including Chatbot, Onboarding Compliance, Handbook Builder, Legal Updates, and Employee Classification. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Assists in determining legal requirements for daily HR tasks.
Guides on federal and state onboarding requirements.
Creates compliant employee handbooks quickly.
Notifies users of changes in employment laws.
Helps classify employees as exempt or non-exempt.
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Funding Insights of VirgilHR
VirgilHR has successfully raised a total of $1.8M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $1.5M
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First Round
First Round
(22 Sep 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2023 | Amount | Seed - VirgilHR | Valuation | Squadra Ventures , Techstars |
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| Dec, 2022 | Amount | Seed - VirgilHR | Valuation | TEDCO |
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| Sep, 2022 | Amount | Seed - VirgilHR | Valuation | SHRMLabs |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VirgilHR
VirgilHR has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Techstars, TEDCO and Squadra Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Venture capital fund and startup accelerator programs focused on seed and early stage companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by VirgilHR
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - VirgilHR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Virgilhr Comparisons
Competitors of VirgilHR
VirgilHR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wolters Kluwer, FiscalNote, Behavox, Eqs and Secureframe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Enterprise legal processes are managed via an AI-powered platform.
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| domain | founded_year | HQ Location |
AI-driven legal, regulatory, and policy data analysis is delivered.
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| domain | founded_year | HQ Location |
AI-driven compliance and risk management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Compliance workflows for businesses are streamlined by Eq s platform.
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| domain | founded_year | HQ Location |
Cloud-based compliance management solution provider
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| domain | founded_year | HQ Location |
SAAS reconciliation solutions are delivered for financial services firms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Virgilhr
Frequently Asked Questions about VirgilHR
When was VirgilHR founded?
VirgilHR was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Who is the current CEO of VirgilHR?
Jocelyn King is the current CEO of VirgilHR. They have also founded this company.
Is VirgilHR a funded company?
VirgilHR is a funded company, having raised a total of $1.8M across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Sep 22, 2022.
What does VirgilHR do?
VirgilHR was founded in 2021 as a provider of cloud-based HR compliance software in the human resources technology sector. Artificial intelligence is utilized for automated chatbot handling of employment law information, risk management, internal communications, policy templates, and report generation. Operations are conducted on a subscription-based pricing model, with tools designed for compliance support across various organizational needs.
Who are the top competitors of VirgilHR?
VirgilHR's top competitors include Behavox, Wolters Kluwer and Secureframe.
What products or services does VirgilHR offer?
VirgilHR offers Chatbot, Onboarding Compliance, Handbook Builder, Legal Updates, and Employee Classification.