The Latest from the Talent Tech Industry
April 5-11, 2021: Fuel50 captures $15.5M investment to build out its talent marketplace; not to be outdone, Phenom raises $100M to increase adoption of its AI-based recruiting platform; Talroo releases its Ad Platform to create a single talent attraction gateway; Dice launches a career marketplace to help tech candidates connect with employers; InfoMart introduces a “digital wallet” where job seekers can store their work credentials; OutMatch seeks to make job searching more “humanized” with a new Hiring Experience Stack; and Crosschq raises $13M to enhance its product that helps companies track and measure quality of hire; plus NewZ Makers: Brian Beth to ZipRecruiter; Felix Wetzel to Cera; and Nick Galullo to Bayard.
Fuel50 Raises $15.5 Million in Series B to Increase Global Footprint and Talent Marketplace Technology
Fuel50, creator of the world’s leading talent marketplace platform, announced it has raised $15.5M (USD) in Series B funding, led by PeakSpan Capital and Shearwater Capital. With deep AI personalization and a commitment to diversity and inclusion, Fuel50 mobilizes talent through an AI-powered opportunity marketplace that delivers internal talent agility and workforce reskilling. With the new funds in place, Fuel50 will be increasing its presence across the US, EMEA, and Australasia, while accelerating product innovation to include deep analytics and talent intelligence. To date, Fuel50 has raised approximately $28.2 million.
Phenom Receives $100 Million Investment, Looks Toward Recovery
Phenom announced a $100 million Series D round, which the company will use to further develop its Talent Experience Management platform. The round was led by B Capital Group with participation from Dragoneer Investment Group, OMERS Growth Equity and GoldenArc Capital. Phenom’s platform uses AI to automate a number of administrative tasks and personalize the user experience for pretty much all participants in talent acquisition including recruiters, candidates, employees and hiring managers. The platform was used by 25,000 recruiters, talent marketers and hiring managers in 2020 to hire more than 2 million candidates and engage over 3 million employees.
Talroo Announces Release of Talroo Ad Platform to Unify Talent Attraction Product Suite
Talroo, an award-winning talent attraction platform, announces today the release of Talroo Ad Platform (TAP), an all-in-one platform agnostic solution that brings Talroo's existing products together in a single talent attraction gateway. Those solutions include profile-driven programmatic job advertising product Talroo Pro, hiring events advertising product Talroo Events, and recruitment marketing analytics product Talroo Insights. This unification enables clients to view and modify campaigns in real time, activate jobs, and turn jobs into hiring events on-demand.
Dice Adds Candidate Profile, Launches Career Marketplace
Dice enhanced its candidate profile feature with an eye toward helping candidates market themselves by highlighting their skills and experience and increasing their visibility to recruiters and employers. Combined with the job board’s recently released Recruiter Profiles and Instant Messaging tools, the revamped profiles create a career marketplace that facilitates connections between tech candidates and employers, the company said. As it has with other recent product announcements, Dice emphasized its ability to connect candidates and tech employers through its new capabilities. “Dice’s career marketplace is designed to help employers and recruiters build credibility and trust with top tech talent in order to make their next great hire,” said Christian Dwyer, chief product officer of Dice parent company DHI Group.
InfoMart Introduces Candidate’s ‘Digital Wallet’ for Work Credentials
Background screening firm InfoMart launched Career Wallet, an app that operates on the principles applied to smart wallets when they’re used for retail purchases. With it, users can use their mobile device to compile, verify and share information such as employment history, education qualifications, online courses and skills training. After users build their profile, InfoMart verifies their credentials. Consumers then manage their own data, deciding what information to share and with whom during a job search. Employers can access credentials through the app or an API.
OutMatch Launches Single ‘Hiring Experience Stack’
OutMatch combined capabilities in assessments, video interviews and reference checking to deliver what the company calls a more “humanized” hiring experience through its new Hiring Experience Stack. The Stack can be layered onto any company’s existing ATS to let candidates advance their application through the Dallas hiring platform’s workflow. Candidates can also showcase their soft skills using its recorded video interview tools. From the employer’s point of view, the stack allows recruiters to create assessments that can capture necessary data without compromising the job seeker’s experience. It also automates reference checking and provides recruiters with a wider view of candidate data and a more precise measure of the hiring experience’s impact.
Crosschq Raises $13M to Pioneer Data-Driven Hiring for the Modern Enterprise
Crosschq, the pioneer of a new software category for the recruiting industry called Human Intelligence Hiring(tm), today closed $13 million in Series A funding led by Tiger Global Management, with participation from returning investors, GGV Capital, Bessemer Venture Partners, Slack Fund, SAP, Intersect Capital and Rocketship.VC. In addition, the company added to its investment team a list of purpose-driven investors who believe in the movement towards fair chance hiring. Joining Golden State Warriors NBA All-Star and 3X World Champion Klay Thompson, NBA All-Stars Khris Middleton, Aaron Gordon, and Isaiah Thomas, PGA Pro Cameron Champ, MLB All-Star St. Louis Cardinals Nolan Arenado, and Seattle Seahawks NFL All-Pro DK Metcalf all joined as new investors in the company. Crosschq will use this funding to enhance its data analytics that enables companies to track and measure quality of hire. It will also use the financing to grow its ML/AI, Go-To-Market and Development teams, expand partnerships and continue its focus on driving diversity in hiring practices across companies of all sizes and industries.
TA Tech NewZ Makers
Brian Breth has joined ZipRecruiter as Senior Director of Talent Acquisition. Prior to this new role, he was VP of Talent Acquisition at Fair.com.
Felix Wetzel started a new position as Director of Carer Acquisition at Cera. Previously, he was Chief Revenue Officer at Pocket Recruiter.
Nick Galullo has joined Bayard as Vice President of Business Development. He was formerly Strategic Account Manager at Monster Worldwide.