The company reached its target in one week and closed oversubscribed by 12 percent.
"For too long entry-level candidates have been faced with the chicken and egg scenario of requiring experience to secure a job, but needing a job to get experience, and judged based on where they received their education. Now, we’re eliminating those problems by encouraging employers to ditch the outdated method of CV screening, and hire talent based on their attitude, behaviour and potential. We’re also building a community for young people that empowers them with skills, confidence and support to thrive in the world of work, and land a role where they can shine."
The pre-seed round was backed by investors including Zinc VC and the Google Black Founders Fund to launch the platform publicly.
"You are nine times more likely to be hired through an employee referral, however if you come from a less privileged background like me, chances are you don’t have a professional network to get referred"
The London-based early careers platform raised the capital from 10X Founders and angel backers to scale its operations.
"I believe that the next generation of students will use Huzzle to enter the job market, because it brings clarity & convenience to a space that has been fragmented and underserved."
The oversubscribed funding round was completed in 48 hours by existing backers.
"We only needed to do a small round as we are rapidly heading towards profitability but wanted to feel comfortable bringing forward our hiring plan in light of the exceptional revenue growth. We are incredibly fortunate to have such supportive shareholders from our ClickIQ days, which allowed us to complete the round very quickly and not be distracted with time out of the business spent raising monies"