How Much Did Hired Raise? Funding & Key Investors

Hired has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in connecting top talent with leading companies, offering a streamlined hiring process.

Keep reading to explore the intricacies of Hired's fundraising journey and the investors backing this innovative platform.

What Is Hired?

Hired is a platform that connects top talent with leading companies, specializing in recruitment and staffing solutions. The company operates globally, providing skills, guidance, and opportunities to empower individuals and organizations.

Founded in 1967, Hired has a rich history and has grown into a global leader in talent solutions. The company focuses on delivering end-to-end talent solutions, leveraging a global perspective, proprietary analytics, and strong relationship-building to drive success for their clients and candidates.

How Much Funding Has Hired Raised?

1. Seed Round
   • Amount Raised: USD 2,700,000
   • Date: January 2013
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial platform and validate the business model.
2. Series A
   • Amount Raised: USD 15,000,000
   • Date: March 2014
   • Lead Investors: Crosslink Capital, Sierra Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and scale the platform to meet growing demand.
3. Series B
   • Amount Raised: USD 15,000,000
   • Date: December 2014
   • Lead Investors: Sierra Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance the platform's features and expand into new markets.
4. Series C
   • Amount Raised: USD 40,000,000
   • Date: February 2016
   • Lead Investors: Lumia Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and invest in marketing and sales efforts.
5. Series C
   • Amount Raised: USD 30,000,000
   • Date: November 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue scaling operations and enhance the platform's capabilities.
6. Series D
   • Amount Raised: USD 30,000,000
   • Date: June 2018
   • Lead Investors: Investment Management Corporation of Ontario
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To build a subscription-based model for hiring and leverage data science to improve hiring practices.

Total Amount Raised: USD 132,700,000. Current Valuation: Not publicly disclosed.

Key Investors

Here are some of the major investors in Hired:

• Investment Management Corporation of Ontario (IMCO)
  • Details: IMCO is a leading investment management firm that provides investment services to public sector clients in Ontario, Canada. They focus on generating long-term value for their clients through diverse investment opportunities.
  • Investment Focus Areas: Technology startups, public sector investments, enterprise software.
  • Notable Investments: Not publicly disclosed.
• Lumia Capital
  • Details: Lumia Capital is a venture capital firm that partners with technology companies in emerging markets. They provide growth capital and strategic support to help companies scale globally.
  • Investment Focus Areas: Technology, emerging markets, growth-stage companies.
  • Notable Investments: Not publicly disclosed.
• Sierra Ventures
  • Details: Sierra Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology companies. They have a strong track record of helping startups grow and succeed.
  • Investment Focus Areas: Enterprise software, cloud computing, cybersecurity.
  • Notable Investments: Not publicly disclosed.
• Crosslink Capital
  • Details: Crosslink Capital is a venture capital and growth equity firm that invests in early-stage and growth-stage companies. They focus on building long-term partnerships with entrepreneurs.
  • Investment Focus Areas: Technology, consumer internet, financial services.
  • Notable Investments: Not publicly disclosed.

What's Next for Hired?

Hired is poised to capitalize on the growing trend of data-driven recruitment. By transitioning to a subscription-based model, the company aims to streamline the hiring process, making it faster and more efficient. This shift presents a massive opportunity, as the recruiting industry is essential for companies seeking top talent.

With a successful $30 million raise, Hired is well-positioned for future fundraising. The company's impressive growth metrics suggest that it could attract more investment, enabling further expansion and innovation. However, challenges such as competition from established players like Indeed and GlassDoor, and convincing companies to adopt the subscription model, remain.

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