Hiring platform Sova Assessment secures $9m from Octopus Ventures

Sova Assessment

Digital recruitment platform Sova Assessment has closed $9m (£6.6m) in a growth funding round from Octopus Ventures.

Founded in 2015 by Alan Bourne, Sova Assessment provides a mobile-friendly digital platform that uses AI to assess job candidates.

Sova Assessment will use the latest capital injection to accelerate expansion plans and further develop its assessment platform.

Alan Bourne, CEO of Sova Assessment, said: “At a time when organisations are facing significant talent challenges, whether that’s Covid, skills shortages, the impact of technology on jobs, or upskilling the workforce, it’s clear that legacy approaches are no longer fit for purpose. Our enterprise assessment platform helps customers make better decisions about talent without compromising fairness, efficiency, or candidate experience.”

The latest funding comes almost over a year after the HR tech firm raised $4m from Octopus Ventures in November 2020.

Sova is an end-to-end talent assessment SaaS platform that provides psychometric assessments for hiring or recruiting processes.

The platform is used by over 120 organisations in over 20 countries. Customers include Vodafone, John Lewis Partnership, TUI Travel, NatWest, National Australia Bank, Northern Trust, Generali, Police Now, Pfizer, and Deloitte.

The company is headquartered in London, with offices in Dubai, Melbourne and a network of global strategic partners.

Paul Davidson, principal at Octopus Ventures, said: “With their deep expertise and experience, we have been impressed by how well Alan and his team have helped customers streamline and enhance their talent assessment processes.”