Money + Investments
Photo by Mathieu Stern
BrightHire Raises $20.5M for Digital Interviews and Assessments
BrightHire announced a $20.5M Series B Round of VC funding for its digital interview app. The round was led by O1A. This brings its total raised to $36 million.
BrightHire focuses its message on candidate experience, quality candidate assessment, and diversity, inclusion, and equity in hiring. The digital interview category is crowded with direct and adjacent competitors, all targeting the same value proposition. BrightHire will have to be careful to pick target market segments and customers that can offer them enough addressable market to compete and scale.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
Source: https://brighthire.ai/blog/brighthire-series-b/
ModernLoop Raises a $3.3M Seed Round for Interview Scheduling Setting Sights on Recruiting Ops
ModernLoop raised a $3.3M Seed Round of venture capital with interview scheduling as its primary use case and now sets its sights on recruiting operations. The deal was led by Accel.
While it’s true that interview scheduling is big component of recruiting operations, there doesn’t seem to be any visible messaging or focus beyond that use case speaking to the depth of recruitment operations in most middle market or large enterprise environments. Recruiting ops teams tend to work within and across the recruiting tech stack and analytics tools with a focus on candidate and user expeirence, workflow, reporting, and data in the same way revenue ops teams would work across the sales and marketing stacks supporting customer facing teams.
It’s early days for ModernLoop. We look forward to getting a closer look at them in the wild. They’ve chosen a crowded point of entry with interview scheduling. The competitive landscape isn’t just point solutions in the category but capabilities embedded in every major recruiting system and platform.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
George LaRocque's updates on who got how much this week
