AAA Hired hits next stage with $30m

Hired hits next stage with $30m

Hired, a US-based online recruitment platform backed by mass media group Comcast, has received $30m in funding from public sector asset manager Investment Management Corporation of Ontario, VentureBeat reported on Wednesday.

Founded in 2012 and formerly known as Hired.com, Hired runs an online recruitment marketplace that concentrates on the technology space, attracting some 70,000 applicants per month.

Applicants construct a profile on the platform that enables potential employers to make job offers. Hired is present in the US, the UK, Canada and France, and allows applicants to compare interview requests while also providing interview coaching.

Mehul Patel, chief executive of Hired, told VentureBeat: “Our algorithms infer the skills a customer needs for that role, analyse the candidates with the appropriate experience and intelligently match skills with a job opening.

“This way, companies can set aside the manual effort of sifting through hundreds of applications and instead access our intelligent marketplace to find the right match.”

Comcast’s corporate venturing unit, Comcast Ventures, last invested in the company as part of a $70m series C round that closed in late 2016, and which took its overall funding to $103m.

Pension fund manager Ontario Pension Board also invested in the 2016 round, as did Glenmede Trust, Crosslink Capital, Sierra Ventures, Silicon Valley Bank (SVB), Great Oaks Venture Capital and Lumia Capital.

Hired had previously raised $15m in a 2014 series B round also backed by Comcast Ventures, Crosslink Capital, Sierra Ventures, SVB, Lumia Capital, SoftTech VC and Sherpa Ventures.

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