The Shred is a weekly roundup of who’s raised funds, who’s been acquired and who’s on the move in the world of recruitment. The Shred is brought to you today by Jobcase.
[00:00:01] Hide your kids, lock the doors! You're listening to HR's most dangerous podcast, Chad Sohosh and Joel Cheeseman Hey boys and girls, it's Joel Cheeseman of the Chad & Cheese podcast This is the Shred for the third week of April 2024 the Shred is a weekly roundup of who's raised funds
[00:00:22] Who's been acquired and who's on the move in the world of recruitment? The Shred is brought to you today by Jobcase The online community where workers of all kinds like hourly employees, trades people and healthcare technicians
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[00:01:02] And now to the news in no particular order Barcelona unicorn Factorial has secured 80 million from general catalyst which covers customer acquisition costs This brings total funding to nearly 300 million dollars The company says this partnership will accelerate factorials growth trajectory
[00:01:23] Enabling focus on product development and customer expansion without fundraising concerns founded in 2016 the company employs 1,497 people another one Denver based Vankst has acquired cannabis temp Cannabis teams temporary staffing division in a 50% cash 50% stock deal marking the first acquisition in the cannabis HR space
[00:01:54] The company says the strategic alliance leverages strengths to enhance customer service and industry specialization driving growth and innovation within the cannabis staffing industry Founded in 2015 Vankst employs 76 people another one San Francisco based Paraform has secured
[00:02:18] $3.6 million in seed funding to connect startups with laid-off recruiters starting their own businesses This brings total funding to five million dollars CEO John Kim highlights the surge in independent recruiters post tech layoffs Leading to a robust talent pool the platform charges a listing fee and success fee
[00:02:39] aiming to enhance human to human recruitment with AI founded in 2023 Paraform employs 104 people another one London based job cannon has acquired ads me whose technology promises to forecast millions of meta ads results Aiding in optimization the merger appoints ads me's victor
[00:03:05] Lechenco as CTO founded in 2022 job cannon employs 15 people while ads me founded in 2022 employs less than five people another one There mark a London based global background screening company has secured three million dollars in funding This brings total funding to 16 million dollars
[00:03:29] The investment will support global expansion and technological advancements Founded in 2018 they employ 101 people another one Santa Monica, California based zip recruiters CEO Kasim Safi is resigning as of April 30th 2024 after less than three years in the position zip says the departure is amicable
[00:03:56] Kasim started at zip in 2018 in marketing and became CMO Before becoming COO side note. He dumped nearly 33,000 shares in December of 2023 So this move has probably been in the making for a while founded in 2010 Zip recruiter employs 1538 people another one New York City based take to AI is
[00:04:26] Job simulation platform for sales recruiting has raised three million dollars in seed funding the platform uses AI to Simulate company specific scenarios aiding in candidate evaluation founded in 2021 They employ three People another one London based CV wallet a verification ecosystem integrating SAS platform
[00:04:52] career management app and at exchange for hiring has secured half a million dollars in age will investment Bringing total raise to two million dollars in valuing the business at 13 million dollars founded in 2022 They employ 12 people another one
[00:05:10] New York based draft board has raised for point one million dollars The startup enables companies to list referral bonuses for external candidates Letting refers compete for bonuses by sourcing talent from their personal networks Draft board takes a 20% cut found in 2022. They employ 11 people another one
[00:05:33] LinkedIn is introducing verified recruiter badges to address the increase in job scams recruiters can display these badges on their profiles and In-mail messages to assure job seekers of their authenticity this initiative aims to foster genuine interactions Amid rising concerns about fraudulent recruitment practices
[00:05:57] Guys all employee data is provided by our friends at LinkedIn be sure to tune into the weekly show for this and more news and Commentary from the world of recruiting big. Thanks to job case for supporting the shred
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[00:06:21] Job case helps you find the right people and fast want to learn more just go to jobcase com backslash hire again, that's job case Com backslash hire cheese Manel You've got questions we've got answers Business leadership ownership and sales can be challenging
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