Hackajob Secures $25M in Series B Funding to Fuel Expansion in the US Market
CIO Talks

Hackajob Secures $25M in Series B Funding to Fuel Expansion in the US Market

The Western Connect Magazine - Hackajob Secures $25M in Series B Funding
Boston-based growth equity firm, Volition Capital, leads Hackajob‘s $25M Series B funding round, supporting its mission to address the talent shortage in the US tech industry and accelerate its growth.

TWC – Hackajob, the full-stack technical hiring platform, has announced a successful $25M Series B funding round led by Volition Capital, a Boston-based growth equity firm. The substantial investment will enable Hackajob to execute its ambitious plans to expand its presence and operations in the US market.

The decision to secure additional funding comes shortly after Hackajob’s successful entry into the US market, which aims to tackle the chronic shortage of talented tech workers faced by large enterprises and multinationals. Recognizing this challenge, hackajob seeks to revolutionize the hiring process through its innovative full-stack solution, which leverages proprietary AI models to connect businesses with top tech professionals.

Since its launch in the US, hackajob has built an extensive talent pool, with US-based candidates already accounting for 25% of the tech talent on its platform. This remarkable growth further solidifies the US as Hackajob’s primary market for expansion.

Commenting on the funding round, Mark Chaffey, CEO and Co-founder of Hackajob, expressed his enthusiasm for the company’s strategic growth plans. He stated, “In today’s business landscape, every organization is transforming into a tech company, driven by the value of data and the need for digitization. Our Series B funding is an integral part of our growth strategy, allowing us to assist organizations across the US, not just limited to Silicon Valley, in overcoming the talent shortage.”

Chaffey also acknowledged the significance of closing such a substantial funding round, particularly in the current economic climate. He highlighted Hackajob’s progress as a high-growth startup that has evolved from an initial idea to a company that raised a Series A funding round, laying the groundwork for future success. Chaffey added, “We are thrilled to have chosen Sean and Volition Capital as our partners for the next growth phase, given their deep expertise in investing in category-leading HR Tech companies.”

hackajob’s modular product suite empowers enterprises to scale their permanent technology teams effectively. The platform offers a two-sided marketplace, enabling companies to directly source talent, build an engaging employer brand, conduct remote interviews and assessments, and gain valuable insights into their Diversity and Inclusion performance.

With the new funding secured, hackajob is poised to revolutionize the US tech industry’s hiring landscape and address the pressing talent shortage. By harnessing the power of AI and providing a comprehensive suite of tools, hackajob is set to propel the growth and success of businesses across the country, driving digital transformation and innovation.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Warning: Unauthorized copying detected. Content protected.