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Hackajob gets £5m to help companies hire tech talent

Recruitment tech startup hackajob has raised £5m ($6.7m) to continue its international expansion.

The startup, based in London, raised from an investor pool led by AXA Venture Partuners, existing backer Downing Ventures and Angel investor Dragos Nicolaescu.

Today’s news comes after the business closed a £400,000 Seed in May 2016 and amid plans to open a new office in the US next year.

According to the company, the funding will also be used to continue building proprietary technology and to expand the client and candidate relations teams. Funds will also go towards marketing expenditure.

CEO and co-founder of hackajob, Razvan Creanga, spoke about the news: “We are thrilled to be able to continue our mission of making the hiring process unbiased, fairer and meritocratic on a global scale. Our constant focus on innovation and deep understanding of technical talent, alongside our in-house expertise, has allowed us to develop a unique business and we’re very excited to take it to the next level.”

Set up in 2014, hackajob was launched in a bid to improve the traditional recruitment agency approach and make it easier for companies to hire technical talent.

COO and co-founder Mark Chaffey went on to note: “After seeing the impact our unique approach to tech recruitment has had on our client base; by helping them improve their quality of hire whilst saving huge amounts vs traditional channels, we’re incredibly excited about scaling hackajob globally to help more companies hire the right tech talent for their business.”

Hackajob automatically matches clients with highly curated candidates from their talent pool of more than 60,000 technical people and can view their code or cloud infrastructure implementation alongside their profile.

Companies are then able to manage interviews, integrate with existing ATS’s and ask candidates to complete specific challenges unique for their company.

Imran Akram of AXA Venture Partners, who will be joining the board, said: “hackajob have transformed recruiting with data, evidenced by the proportion of recommended candidates who are hired and we are excited to be helping them expand internationally.”

Investment Director at Downing Ventures, Richard Lewis, concluded: “We are delighted to continue supporting this fantastic team, who have come a long way since 2015, and thrilled to work with AXA Venture Partners throughout this next phase of global growth.”