October 9, 2019 – Talent-matching platform TalentPool has secured an additional £1 million to develop the firm’s advanced candidate-matching and talent pool technology. The bespoke software solutions are designed to help public and private sector employers streamline their recruitment processes.
The investment round is for TalentPool’s Alvius, the new Software as a Service (SaaS) division. It was led by Joe Saumarez Smith, an original investor in TalentPool and a well-known investor in early-stage disruptive technology companies.
The funds will be used to expand Alvius, which is designed to help recruiters build talent platforms. By automating key processes like application filtering and using the latest data science techniques to match candidates to suitable roles, Alvius can streamline the recruitment process, saving time and money.
“We have seen with TalentPool how technology can take the pain out of hiring,” said Andrew Lavelle, co-founder of TalentPool and Alvius managing director. “Now employers can use our software to create their own talent platforms, replacing slow and inefficient sourcing and selection processes and matching great talent with current opportunities in a fraction of the time.”
Richard Boggis-Rolfe, chair of Odgers Berndtson, and Belinda Brooke, former legal director of both Michael Page and Morgan Hunt, recently accepted advisory roles at TalentPool. Stephen Warrington, former group strategy director at Barclays, also recently became the chair of Alvius.
“TalentPool is positively disrupting the recruitment industry,” Mr. Boggis-Rolfe said. “It brings new technology to recruitment, successfully matching graduates and businesses. TalentPool’s bespoke candidate-matching algorithm is tailored to aid small and medium-sized businesses, matching their roles with the best candidates through the use of hard data.”
Investors are pouring money into recruiting solutions businesses, especially those with an AI component. Here’s a look at some recent funding deals secured by these companies from the Hunt Scanlon Media archives:
Checkr has announced a $160 million round of funding at a valuation of $2.2 billion. The equity round was led by funds and accounts advised by T. Rowe Price Associates, joined by Bond, Coatue, and long-time investors Accel, Y Combinator and IVP. This round is in addition to the $150 million previously raised.
Jobble, an on-demand marketplace and management platform that connects companies to the 60 million U.S. gig economy workers, has raised $11 million in new Series A funding, led by Vestigo Ventures and AXA Venture Partners with participation from Guardian Strategic Ventures and Harlem Capital Partners.
Enboarder, the cloud-based HR technology company that helps employers create employee onboarding experiences, has closed $8 million in Series A financing. Greycroft, who participated in Enboarder’s previous funding round of $4 million, is the lead investor in the new Series A investment, which brings Enboarder’s total funding to $12 million.
Talent acquisition platform SmartRecruiters has raised a $50 million series D round, led by repeat investor Insight Partners and joined by long-time investors Mayfield and Rembrandt Venture Partners. The round follows a year marked by strong performance, including 100 percent year-over-year enterprise growth and the launch of SmartAssistant…
humanpredictions, a machine learning technology company, has received a $1.16 million funding round led by Network Ventures with additional investment from Hyde Park Angels, SaaS Ventures and M25. The new capital is targeted to help humanpredictions further grow and invest in its team of engineers and data scientists.
Hireology, a Chicago-based recruitment management platform, closed $27 million in series D financing led by Blue Cloud Ventures, with full participation from current investors Bain Capital Ventures and Baird Venture Partners, as well as Silicon Valley Bank.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media