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As digital transformation continues to accelerate, the demand for technology professionals is also increasing. However, finding the right talent can be a challenge for enterprises.
hackajob, a full-stack technical hiring platform, recently announced that it has raised $25 million in its Series B round led by Boston-based growth equity firm Volition Capital, with participation from existing investors AXA Venture Partners and Foresight. With this investment round, the UK-based company plans to accelerate its expansion in the US and deliver on its vision of becoming the end-to-end hiring platform for enterprises to scale their technology teams.
Co-founded by Mark Chaffey and Razvan Creanga in 2014, hackajob has built a hiring platform for companies to grow their permanent tech teams. Its modular product suite enables companies to directly source talent through their two-sided marketplace, build an employer brand for their community of over half a million technology professionals, conduct online assessments and remote interviews and generate insights into a company’s diversity and inclusion performance. Underpinning their platform are over 50 million first-party data points on technical professionals that power their proprietary AI matching engine.
By creating the best-in-class experience with a candidate-centric platform, tech professionals can leverage hackajob to learn new skills, participate in community events, engage directly with employers, and ultimately find their next role.
Commenting on the fundraising, Co-founder & CEO of hackajob, Mark Chaffey, said:
We’re entering an age where every business is becoming a tech company thanks to the value of data and the vital need for digitization both internally and across all customer-facing operations. Our Series B funding is part of our strategic growth plan to help all organizations – not just those in Silicon Valley – respond to this challenge. Following a successful entry to the market, we’re excited to accelerate our expansion into the US whilst continuing to grow in the UK.
Chaffey further added:
To close such a notable round of investment in the current climate demonstrates not only the opportunity ahead of us, but the progression hackajob has made over the years from an idea to a high-growth startup which raised a series A that enabled us to set the foundations throughout 2019 to seize the opportunity that came from Covid and ultimately become the company we are today. It was a highly competitive process. Given their deep expertise in investing in category-leading HR Tech companies, we’re delighted to choose Sean and Volition Capital as our partners for the next growth phase.
Technology is going through a paradigm shift with the rise of Generative AI and Large Language Models. We’ve already incorporated these models into our candidate onboarding journey, and given the incredible amount of first-party data we’re sitting on; this investment round fundamentally enables us to reimagine what tech hiring looks like for both candidates and enterprises over the next decade, he noted.
Through a 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.
Sean Cantwell, Managing Partner, Volition Capital, added:
The tech employment ecosystem has outstanding growth potential in our digital-first world with increasing demand for software developers and engineers. Hackajob’s offering, ambitious management team, and established network of high-quality tech talent have 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.
In 2018, hackajob had secured $6.7 million (£5 million) as a part of its Series A funding round led by AXA Venture Partners.
