Online recruitment platform developer Vettery bought US-based peer Hired yesterday for an undisclosed amount, allowing mass media group Comcast’s corporate venture capital arm, Comcast Ventures, to exit.
Hired operates an artificial intelligence-equipped online recruitment marketplace for tech workers. The deal comes after a report by The Information last week stating it was set to sell off its assets to pay off creditors and wind down the company.
The transaction comes after $133m in funding, including $30m from Investment Management Corporation of Ontario in mid-2018.
Comcast Ventures and Ontario Pension Board backed a series C round Hired closed at $70m in 2016, alongside Crosslink Capital, Sierra Ventures, Silicon Valley Bank (SVB), Great Oaks Venture Capital and Lumia Capital.
Comcast Ventures, SVB, Lumia Capital and existing investors Crosslink Capital, Sierra Ventures, SoftTech VC and Sherpa Ventures had provided $15m for the company two years earlier at a reported $200m valuation.
GV, a subsidiary of internet and technology conglomerate Alphabet, had joined SoftTech VC, New Enterprise Associates and Haystack in a $2.7m seed round for Hired in 2013.
