US-based recruitment software developer Crosschq has added $16.5m to a series A round backed by enterprise software producers SAP and Slack that it said now totals $30m.
The extension was led by investment firm Tiger Global Management and also featured SAP’s corporate venturing arm, SAP.iO, as well as GGV Capital, Bessemer Venture Partners (BVP), Rocketship.VC, and private investor Jack Altman.
Crosschq held a $13m initial close of the series A in March this year that was also led by Tiger Global, which invested alongside SAP, Slack, BVP, GGV Capital, Intersect Capital, Rocketship.VC and assorted individuals. Slack took part in that round through its dedicated investment vehicle, Slack Fund.
Founded in 2018, Crosschq operates a cloud-based software platform that helps companies find, screen and onboard new employees. The proceeds of the series A round will allow it to accelerate its product development with a focus on machine learning and artificial intelligence technology.
The company also plans to increase the size of its engineering team over the next six months, in addition to expnding its sales, marketing and customer success staff numbers.
Crosschq closed a $6.5m seed round in July 2020 that drew in capital from SAP.iO, Slack, Tiger Global, Rocketship.VC, GGV Capital and BVP. It came after GGV Capital led a $4.1m round in August 2019 backed by BVP and angel investors Klay Thompson and Kevin Hartz.