Technology Crossover Ventures, an investor in big names like Netflix, Facebook, and Spotify, led a $45 million round for recruitment startup HireVue. Following the deal, TCV principal Nari Ansari will join HireVue’s board of directors.
The funding from this round, announced today, will be used to fuel HireVue’s Team Acceleration software, which sorts out ideal new hires by giving managers access to digital video tools and predictive analytics.
“The new world is about empowering managers and teams — not slowing them down with administrative tasks like time tracking, compliance, benefits, and payroll,” said Mark Newman, HireVue’s founder and chief executive.
Today’s round also includes funds from prior investors Sequoia Capital, Granite Ventures, Investor Growth Capital, Peterson Ventures, and Rose Park Advisors’ Disruptive Innovation Fund.