Hackajob sets sight on further US expansion following $25m series B funding
2 min read
hackajob, the full stack technical hiring platform, announces a $25m Series B funding round led by Boston-based growth equity firm, Volition Capital, with participation from existing investors AXA Venture Partners and Foresight.
The round enables hackajob’s significant plans to accelerate its expansion in the US and deliver on its vision of becoming the end-to-end hiring platform for enterprises to scale their technology teams.
The investment comes shortly after hackajob entered the US market to help large enterprises and multinationals solve their chronic shortage of access to talented tech workers. 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 – a challenge the hackajob full stack solution, powered by their proprietary AI models, 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.
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 digitisation both internally and across all customer-facing operations. Our Series B funding is part of our strategic growth plan to help all organisations – 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 whilst continuing to grow in the UK.
“To close such a notable round of investment in the current climate demonstrates not only the opportunity ahead of us, but the progression hackajob has made over the years from an idea, to a high growth startup which raised a series A that enabled us to set the foundations throughout 2019 to seize the opportunity that came from Covid and ultimately become the company we are today. It was a highly competitive process and we’re…
Business Matters
2023-05-04 04:36:51
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