Tuesday, July 2, 2024
HomeEdTech MarketTechnology-Focused Recruitment Platform Hackajob Raises $25M in Series B Round

Technology-Focused Recruitment Platform Hackajob Raises $25M in Series B Round

-

hackajob, a full-stack technical hiring platform, recently announced that it has raised $25 million in its Series B round led by Boston-based growth equity firm Volition Capital, with participation from existing investors AXA Venture Partners and Foresight. With this investment round, the UK-based company plans to accelerate its expansion in the US and deliver on its vision of becoming the end-to-end hiring platform for enterprises to scale their technology teams.

By creating the best-in-class experience with a candidate-centric platform, tech professionals can leverage hackajob to learn new skills, participate in community events, engage directly with employers, and ultimately find their next role.

Commenting on the fundraising, Co-founder & CEO of hackajob, Mark Chaffey, said:

We’re entering an age where every business is becoming a tech company thanks to the value of data and the vital need for digitization both internally and across all customer-facing operations. Our Series B funding is part of our strategic growth plan to help all organizations – not just those in Silicon Valley – respond to this challenge. Following a successful entry to the market, we’re excited to accelerate our expansion into the US whilst continuing to grow in the UK.

Co-founded by Mark Chaffey and Razvan Creanga in 2014, hackajob has built a hiring platform for companies to grow their permanent tech teams. Its modular product suite enables companies to directly source talent through their two-sided marketplace, build an employer brand for their community of over half a million technology professionals, conduct online assessments and remote interviews and generate insights into a company’s diversity and inclusion performance. Underpinning their platform are over 50 million first-party data points on technical professionals that power their proprietary AI matching engine.

Chaffey further added:

To close such a notable round of investment in the current climate demonstrates not only the opportunity ahead of us, but the progression hackajob has made over the years from an idea to a high-growth startup which raised a series A that enabled us to set the foundations throughout 2019 to seize the opportunity that came from Covid and ultimately become the company we are today. It was a highly competitive process. Given their deep expertise in investing in category-leading HR Tech companies, we’re delighted to choose Sean and Volition Capital as our partners for the next growth phase.

Technology is going through a paradigm shift with the rise of Generative AI and Large Language Models. We’ve already incorporated these models into our candidate onboarding journey, and given the incredible amount of first-party data we’re sitting on; this investment round fundamentally enables us to reimagine what tech hiring looks like for both candidates and enterprises over the next decade, he noted.

Through a full-stack hiring platform, companies can directly source talent through a two-sided marketplace, craft a compelling employer brand to a community of over 500k tech professionals, conduct online assessments and remote interviews, and generate powerful insights about their diversity and inclusion performance. Sean Cantwell, Managing Partner, Volition Capital, added:

The tech employment ecosystem has outstanding growth potential in our digital-first world with increasing demand for software developers and engineers. Hackajob’s offering, ambitious management team, and established network of high-quality tech talent have positioned the company for rapid expansion in the US market. We are confident in partnering with Hackajob to help them become the go-to destination for developers and enterprises.

For regular updates about Moodle, eLearning and edtech industry, please visit us regularly at https://lmsdaily.com. You can also like us on Facebook or follow us on Twitter, or Subscribe our YouTube Channel.

How to use Moodle Book

 
Jaswinder Singh
Jaswinder Singhhttps://lmsdaily.com
I am an experienced Moodle Professional with experience in Moodle Course Creation, Moodle Setup, Moodle Integration, Moodle Training, Moodle Support & troubleshooting. YI am the author of popular books - "How to use Moodle 4.1" and "how to use Moodle 2.7". I work with one goal in mind “CUSTOMER SATISFACTION” – whether this means working to achieve results within a specific deadline (or beating the deadline), or with a focus on solid quality, if my client requires the job to be done I will go out of my way to achieving whatever it is that is necessary to do so. Basically, I can take care of your all Moodle requirements so that you can focus on your core job and I will manage your Moodle LMS.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Popular Posts

Authentica Solutions Raises $6.2M in New Funding to Expand Its Operations

Authentica Solutions, a leader in data integration and intelligence management solutions for the education sector, has recently announced the successful completion of a $6.2...

Moodle Admins – Create custom reports in Moodle using Configurable reports plugin

Moodle LMS is the most popular open source learning management system with more than 420+ million users in the world. Wherever elearning is used...

Moodle Teachers – How to use the Ordering Question type in Moodle

Moodle 4.4 - the latest major version of the Moodle LMS is packed with a lot of exciting new features. One of such is...