Hired raises $30M more to scale its tech job marketplace
The online recruiting space has seen a surge of competition in recent quarters thanks to the emergence of startups such as Hired Inc. that are reimagining the traditional job search website.
Tthe San Francisco-based outfit raised $30 million today as part of a follow-up to the $40 million investment that it closed earlier this year. The new round saw the participation of several existing backers as well as Glenmede Trust and the Ontario Pension Board, which decided to bypass the venture capital firms through which they normally acquire startup stakes.
Hired Chief Executive Mehul Patel said in a blog post announcing the news that the new funds will be used expand the startup’s recruiting platform, which lets companies directly approach potential recruits instead of waiting for qualified candidates to find their job postings. When a new opening is created, an organization’s human resources personnel can simply input their requirements into Hired and its algorithms will automatically find users with matching skill sets. The startup says 95 percent of the interview requests sent through its platform receive a response.
As a result, companies can find talent more easily while the job seekers on the other end don’t have to bother with manually hunting for suitable openings and constantly sending out their resumes. Most of the 25,000 or so users on Hired hail from the technology industry but the platform’s appeal will no doubt expand over time as new features are added.
Moreover, Patel said his firm will work to build a “global team” using today’s investment, which indicates that he is looking to expand beyond the U.S. International startup hubs such as London and Berlin could certainly present a big opportunity for Hired given their sizable techie populations.
Image via StockSnap
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