Human resources provider Recruit Holdings invested $7.5m yesterday in HackerRank, the India-based operator of a recruitment platform for tech workers, according to the Economic Times.
HackerRank operates as an online community where developers can hone their coding skills and companies can look to hire talent.
Recruit already maintained a relationship with HackerRank through its Indeed subsidiary, which used the platform to hire some of its own engineering staff. The Japan-based firm made the investment through the $20m HR Technology Fund it launched in January this year.
Chihiro Ueda, president of Recruit’s HR Technology Fund, said: “As the demand for technology talent continues to outstrip supply, HackerRank offers an efficient way for HR professionals to evaluate talent beyond traditional means. They have built their reputation on being the go-to community for tech talent assessment.”
HackerRank has now raised about $20m altogether. It received $9.2m in a June 2014 series B round featuring Khosla Ventures, Battery Ventures, Peeyush Ranjan, Greg Badros and Dan Rubinstein, after securing $3m from Khosla in 2011.
Randstad Innovation Fund, the corporate venture fund of Randstad, the second largest HR provider in the world, was subsequently disclosed as an investor in HackerRank.