Key Takeaways:
- Hackajob secures $25 million in a Series B funding round to expand its presence in the US and reimagine tech hiring for enterprises.
- The company’s AI models will play a significant role in transforming tech recruitment in the next decade.
- Sainsbury’s is one of hackajob’s biggest clients, and the company has helped them hire outstanding tech talent across various roles.
Hackajob, the full-stack technical hiring platform, has announced a $25 million Series B funding round led by Boston-based growth equity firm, Volition Capital. With participation from existing investors AXA Venture Partners and Foresight, the funds will enable hackajob to continue expanding its presence in the US and deliver on its vision of becoming the end-to-end hiring platform for enterprises to scale their technology teams.
Hackajob’s proprietary AI models, which have already made the company one of the most effective hiring platforms, will play a significant role in transforming tech recruitment in the next decade. The investment follows the company’s rapid launch in the US, where 25% of tech talent on the platform is now based, and the region already accounts for over 5% of revenue just six months since launch.
The company’s modular product suite empowers companies to directly source talent through their two-sided marketplace, craft a compelling employer brand to their community of over half a million tech professionals, conduct online assessments and remote interviews, and generate powerful insights about a company’s Diversity and Inclusion performance. Underpinning their hiring platform is over 50 million first-party data points on technical professionals that power their proprietary AI matching engine, enabling companies to get an 85% response rate to individuals they message through hackajob while reducing the number of applications to make a hire by seven times.
Hackajob’s US expansion: Hackajob sets sight on further US expansion following $25m series B funding
Hackajob recently entered the US market to help large enterprises and multinationals solve their chronic shortage of access to talented tech workers. According to a report, 69% of US digital leaders claim they are unable to keep up with the pace of change due to a lack of access to talent, which is a challenge that hackajob’s full-stack solution can change.
Since its US launch, hackajob has already built a significant talent pool with US-based candidates representing 25% of tech talent on their platform, making the region its primary growth market. This investment round will enable the company to accelerate its expansion in the US and continue growing in the UK.
Mark Chaffey, CEO and co-founder of hackajob, says, “We’re entering an age where every business is becoming a tech company thanks to the value of data and the vital need for digitization both internally and across all customer-facing operations. Our Series B funding is part of our strategic growth plan to help all organizations – not just those in Silicon Valley – respond to this challenge, and following a successful entry to the market, we’re excited to accelerate our expansion into the US while continuing to grow in the UK.”
Sainsbury’s as one of hackajob’s biggest clients
Sainsbury’s is one of hackajob’s biggest clients. Over the past few years, the retailer has seen its tech function grow to over 1,400 colleagues. Helen Hunter, Chief Product & Analytics Officer at Sainsbury’s, says, “As our key strategic partner in the recruitment of outstanding talent in Sainsbury’s Tech, hackajob has helped us on our digital transformation journey. They have been instrumental in supporting how we hire across our roles, from early-in career opportunities to senior, strategic positions, and we look forward to working with them as we continue to raise our game, attracting even moregreat talent to Sainsbury’s Tech.”
Hackajob’s new brand and visual identity
As part of the funding announcement, hackajob has also released a new brand and visual identity that they worked on in partnership with the award-winning agency Droga5. The new brand focuses on celebrating the people behind the products, emphasizing the importance of human talent in building the future of technology.
Conclusion
Hackajob’s successful funding round is a testament to the company’s innovative approach to tech hiring and its commitment to helping businesses of all sizes access top tech talent. With the expansion in the US, the company is poised for rapid growth and transformation of the tech recruitment industry. As the digital world continues to evolve and innovate, hackajob’s AI models will play an increasingly important role in matching talent with enterprises that need them to continue driving the world forward.
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