Hiring high-quality technical engineers is a tough technical challenge in the battle for top software talent. For early-stage startups, valuable working hours are spent sifting through candidate resumes. The task is no easier for bigger tech companies, although they do have the advantage of having a dedicated team of in-house recruiters whose sole focus is hiring candidates. hackajob, a full stack technical hiring platform headquartered in London powered by their proprietary AI models can tackle this challenge.
Now the UK-based startup has scored $25 million in Series B funding. The investment round was led by Boston-based growth equity firm, Volition Capital, with participation from existing investors – AXA Venture Partners and Foresight that recently closed £60 million to help SMEs in Scotland and also backed Kluster.
Accelerate US expansion
The investment will enable hackajob’s significant plans to accelerate its expansion in the US. It will also help the company deliver on its vision of becoming the end-to-end hiring platform for enterprises to scale their technology teams.
It comes shortly after hackajob entered the US market to help large enterprises and multinationals solve their chronic shortage of access to talented tech workers.
Since its US launch, hackajob has already built a significant talent pool with US-based candidates representing 25% of tech talent on their platform, making the region its primary growth market.
Mark Chaffey, CEO and co-founder of hackajob, said: “Our Series B funding is part of our strategic growth plan to help all organisations – not just those in Silicon Valley – respond to this challenge and, following a successful entry to the market, we’re excited to accelerate our expansion into the US whilst continuing to grow in the UK.
Helen Hunter, Chief Product & Analytics Officer at Sainsbury’s said: “As our key strategic partner in the recruitment of outstanding talent in Sainsbury’s Tech, hackajob has helped us on our digital transformation journey. They have been instrumental in supporting how we hire across our roles, from early-in career opportunities to senior, strategic positions, and we look forward to working with them as we continue to raise our game, attracting even more great talent to Sainsbury’s Tech.”
“The tech employment ecosystem has outstanding growth potential in our digital-first world with increasing demand for software developers and engineers,” said Sean Cantwell, Managing Partner at Volition Capital. “Hackajob’s offering, ambitious management team, and established network of high-quality tech talent has positioned the company for rapid expansion in the US market. We are confident in partnering with Hackajob to help them become the go-to destination for developers and enterprises alike.”
Besides the investment, hackajob is also releasing a new brand and visual identity that they worked on in partnership with the award winning agency Droga5. Whilst technology continues to drive the world forward, from rockets that land themselves in the middle of the ocean to advances in AI that continue to blow our minds, it’s often forgotten that it’s people behind these products that are writing the code and ultimately building the future. hackajob’s new brand focuses on celebrating these people.
Full stack technical hiring platform
Mark Chaffey founded hackajob in 2014 in London. With its full stack hiring platform, companies can directly source talent through a two-sided marketplace, craft a compelling employer brand to a community of over 500k tech professionals, conduct online assessments and remote interviews and generate powerful insights about their diversity and inclusion performance.
hackajob’s platform is underpinned by over 50 million first party data points on technical professionals that leverage proprietary AI models to enable companies to get an 85% response rate to individuals they message through hackajob whilst reducing the number of applications to make a hire by 7x.
