London-based hackajob, a company that claims to bring ‘great’ people together with ‘great’ companies to drive the world forward, announced that it has secured $25M (nearly €22.66M) in a Series B round of funding.
The investment came from US-based growth equity firm Volition Capital.
“This round of funding represents an important milestone on our journey of building the Full Stack Technical Hiring Platform for enterprise organisations,” says Mark Chaffey, co-founder and CEO of hackajob.
What does hackajob offer?
According to hackajob, every organisation, regardless of size, sector, or country, is putting technology at the centre of its strategy as they continue to change the way we live.
This indicates that developing a scalable plan to draw in, hire, and keep technical talent is rising in importance in the boardroom. This is where hackajob steps.
Founded in 2014 by Mark Chaffey and Razvan Creanga, hackajob has built a direct sourcing platform for technical talent through its two-sided marketplace where companies receive an 85 per cent response rate and reduce the volume of candidates to make a hire by 7X.
“We combine this with powerful Diversity & Inclusion, Assessment and Employer Brand products that touch every part of the hiring process. Underpinning our hiring platform is over 50 million first-party data points on technical professionals, that power our proprietary machine-learning models,” adds co-founder Mark Chaffey.
Tech professionals can use the platform to learn new skills, take part in community events, engage directly with employers, and ultimately find their next role by leveraging the “best-in-class” experience with a candidate-centric platform.
Companies can directly source talent through a two-sided marketplace using the full-stack hiring platform from Hackajob.
They can also create an employer brand for a community of over 500K tech professionals, conduct online tests and remote interviews, and gain insightful data about their performance in terms of diversity and inclusion.
Capital utilisation
With this round of investment, hackajob aims to redesign how tech recruiting will function in the coming 10 years for both job seekers and employers.
“We’ve already incorporated these models into our candidate onboarding journey and given the incredible amount of first-party data we’ve generated, expect a completely new experience from our product suite over the coming months,” says Mark Chaffey.
This funding will also enable hackajob to quicken its market expansion goals after an expansion into the US last summer. The company reports that it has scaled its talent pool with 25 per cent of active candidates now based in the US.
In order to enable all US firms recruiting technical talent to use hackajob, the company will formally exit beta during this next phase. Users can contact the hackajob team if they’re looking to hire technical expertise in the US.
Partnership with Droga5
Besides the funding news, hackajob also announced the release of a new brand and visual identity that it worked on in partnership with Droga5.
“Whilst technology continues to drive the world forward, from rockets that land themselves in the middle of the ocean to advances in AI that continue to shatter the status quo, it’s often forgotten that it’s people behind these products that are writing the code and ultimately building the future. Our new visual identity centres around celebrating these people,” says Chaffey.
The company will be hosting an event for customers and partners on June 14 to celebrate this milestone and share more about hackajob’s vision for the future of technical hiring. You can register for the event here.
01
From port to startup fort: How Lars Crama is ‘Making it Happen’ in Rotterdam