July 7, 2020 – Investors are pouring money into recruiting solutions businesses, especially those with an artificial intelligence component. Just recently, The Mom Project, a talent marketplace, closed a $25 million series B funding round, bringing total funding at the Chicago-based company to $36 million.
The Mom Project aims to connect women, including mothers, with employment opportunities. Its platform has amassed more than 275,000 users and more than 2,000 companies, including brands like Apple, Nike, Gap and BP.
“Together we’ve proven that hiring, retaining and supporting moms and caregivers isn’t just a nice thing to do — it’s great for business,” said Allison Robinson, founder and CEO. “We’re in a unique moment in time where companies are embracing flexible work and prioritizing inclusion, and are excited to rapidly accelerate our efforts to unlock the potential of moms in the workplace. Our latest round of funding will help expand our Enterprise product suite, build out our mom community engagement strategy and engage with more small business customers.”
“We’ve proven to our customers that hiring and retaining moms isn’t just a nice thing to do; it’s good business, and we’re empowered by the scale of impact we can achieve with this round of funding,” Ms. Robinson said.
Ms. Robinson founded The Mom Project in 2016. “I saw an enormous opportunity — an economic opportunity to help more women find work that would satisfy them professionally and personally,” Ms. Robinson told Insider. “It’s just the right thing to do and it’s good business.”
Earlier this year, the company announced that tennis star Serena Williams will serve as a strategic advisor. “It doesn’t matter whether you’re a team of one or 100,000; if you’re hiring, are you considering hiring moms?” said Ms. Williams. “Together, we can influence how work gets done and build a better workplace for the future.”
Here’s a look at some recent funding deals secured by these companies from the Hunt Scanlon Media archives:
Mya Systems, a conversational AI platform for hiring teams, announced that it has secured $18.75 million in Series C funding. The funding was led by Notion Capital with participation from earlier investors, Emergence Capital and Foundation Capital as well as Cisco Investments and Workday Ventures. Over the past year, Mya Systems gained tremendous momentum, seeing three times customer subscription growth in 2019 alone. Mya now supports over 460 brands, six of the eight largest recruiting firm, and 29 of the Fortune 100. Customers include industry leaders such as Hays, Adecco, L’Oreal, Deloitte and Anheuser Busch.
Headstart, a platform that leverages data science to help companies reduce unconscious bias in the hiring process, raised $7 million in funding led by AI-focused Silicon Valley venture capital firm FoundersX, with participation from Founders Factory. Launched in 2017, Headstart is one of a growing number of start-ups promising to help companies increase their diversity during recruitment drives. This is achieved through combining machine learning with myriad data sources to find the best candidates based on specific objective criteria.
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…
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media