Hiring — one of the toughest nuts to crack around town — might have a new solution.
Hired, a marketplace for techworkers (developers, designers, data scientists, and product managers), just brought in a big $15 million to bring job seekers and employers onto one big, hopefully well-functioning, marketplace. Sierra Ventures and Crosslink led the round, with additional participation from SoftTech and Sherpa Ventures.
The company describes itself as a “two-sided marketplace” for jobs, empowering “the best talent to explore the job market.” What it means is that it requires employers to disclose upfront all the details regarding salary, bonus, benefits, and so on, streamlining the traditional process in which companies usually know more than the candidate, which often wastes time. Job seekers select the companies that interest them, proceed with the interviews, and usually receive 10 to 15 offers within a week.
“We’ve arranged over 1,000 interviews in the last month alone, our NYC office reached profitability within 60 days during its pre-launch phase, and [we] are fielding applications from upwards of 8,000 software engineers per month of which we’re selecting just the top 5%,” said chief executive Matt Mickiewicz.
Hired has racked up some impressive numbers already. It saw $2 billion worth of offers made last year; over 55,000 candidates have applied for jobs through the markeplace (7,700 of those were in February); it has seen 40 percent growth between January and February; and it is currently setting up over 200 interviews per week.
While we’d guess Hired is best-suited to the hiring of more experienced professionals and may not be fixing the junior-level job hunt and hiring problem, Hired’s impressive growth is solid evidence of a well-crafted product even if it does focus on a particular demographic.
The company is currently operating in New York City and San Francisco and has over 200 companies participating, including Square, Chartboost, Eventbrite, Whisper, Opower, and Evernote.
It previously raised $2.7 million in seed funding from SoftTech, New Enterprise Associates, Google Ventures, Sierra Ventures, Crosslink Capital, and Haystack in 2013. It was founded in 2012 by Matt Mickiewicz, Douglas Feirstein, and Allan Grant.
Crosslink Capital is a leading stage-independent venture capital and growth equity firm with over $2 billion in assets. Crosslink, which traces its roots back to 1989, was among the first and largest investment firms in the U.S. to int... read more »
Sierra Ventures is a venture capital firm specializing in investments in all stages of a company’s lifecycle from seed to growth. It does not invest in biotechnology, medical device, or healthcare companies. The firm typically invest... read more »
HIRED, founded in 1968, is a leading nonprofit provider of employment and training services in the Twin Cities, MN. Through employer-driven, community-based workforce development strategies, HIRED assists job seekers from a wide variet... read more »
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