The seed round was led by Stride VC and will fund product investment, research, and expansion.
"Our team is united in the belief that hiring is inefficient, outdated and unfair to candidates around the world. We have all been hiring managers and candidates, and we know the hiring process is broken. It’s difficult to track and measure, meaning there’s a lack of insight into what to improve and what to prioritise. Companies struggle to replicate their top performers and the cost of a failed hire is over $180,0001."
West Hill Capital backed the Series A round to support product development and market expansion.
"To see the technological empowerment we’re providing to Care Services across the country, is the reason we’re so happy to be working alongside West Hill Capital. To provide this solution to every Care Service desperately in need of staff through this crisis is a true honour, and one we look forward to tackling."
Mercia backed the HGV recruitment platform alongside private investors to support system development and business expansion.
"The recent driver shortage has highlighted the critical role that HGV drivers play in keeping supermarket shelves stocked and the wheels of the industry turning. While conditions are improving and wages have risen, this makes it all the more important that operators cut out unnecessary expenses. Avail enables them to hire drivers at lower cost so more money can into drivers’ pockets."
Tiger Global Management led the Series A round to support international expansion and product growth.
"When we started Otta, people told us job search was soul-crushing. Recruitment felt like it was stuck in the classifieds era. We believe there’s a different way, and we call it candidate-first job search. It’s a new category that flips industry dynamics on its head. Candidates are prioritised, rather than treated like second-class citizens, and this attracts the best talent to our product"
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