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Fetcher, a start-up that helps companies automate the process of finding the best candidates, has announced a $ 5.4 million fundraiser in the form of initial funding co-led by Accomplice and Slow Ventures. , with the participation of Picus, Revel Partners and an angel investor host, including Paul English, founder of Kayak.
With the so-called "manpower crisis" looming, venture capitalists are investing millions of dollars in startups focused on recruiting and, as in other sectors, investing in new jobs. artificial intelligence (AI) plays an increasingly important role. Fetcher, for its part, helps companies find potential candidates by proactively searching for qualified personnel through numerous online channels, such as LinkedIn, Twitter, GitHub, Stack Overflow, Dribble, etc., and determines the best way to contact the individual.
The problem solved by Fetcher is that highly skilled employees are often highly sought after and perhaps less inclined to look for a new job, as they will probably already be well paid and appreciated. And this poses a problem for companies that want to hire these people: looking for staff is an ancient tactic, but it also takes a lot of time. And that's where Fetcher comes in.
Automating
The Fetcher platform is able to correlate keywords and skills to determine if a potential candidate has the experience required to fill a position. It does not need to have listed a specific skill. For example, a software developer who claims to have knowledge of CSS is also likely to have experience working with HTML and front-end projects, whether mentioned in their online profile or not.
Elsewhere, Fetcher can also automatically compose personalized e-mails for these candidates, although it should be noted here that Fetcher has an internal team of people working with customers at first to create a message of model type. Once this has been agreed, it can then synchronize with the customer's email account and automate everything from there, including follow-up emails.
Above: Fetcher: Sample Automated E-mail
The Fetcher interface also allows recruiters to edit and adjust the text of each message as needed.
Above: Fetcher Profile: Sending the message
Working capital
Originally launched as Scout in early 2017, Fetcher, based in New York, has changed its last year to avoid confusion with other companies with the same name. Previously, she had raised a small amount of just over a million dollars and, with an additional $ 5.4 million to the bank – which she discreetly collected in late 2018 -, the company hired a number of senior executives. various departments.
"With our latest funding, we have been able to engage a number of outstanding executives and industry leaders to lead our sales, customer success and operations teams," said Andres Blank, co-founder and CEO of Fetcher. "We are also focused on using our funds to evolve our data science and engineering teams to ensure incredible product innovations for our customers.
Mr. Blank previously co-founded a photo-sharing app called Pixable, which he sold to Singaporean telecom giant Singtel for more than $ 26 million in 2012. After working for a while on a commercial messaging application Called Caliber, the team decided to found Fetcher in 2015 alongside Chris Calmeyn and Genevieve Jurvetson.
Today, Fetcher boasts highly regarded customers including Getty, Sony Music, Reddit, Shopify, DoorDash, Peloton, AppNexus and Bridgestone. And the underlying reason is simple: Fetcher has promised to open up the talent pool and should also help eliminate some of the fundamental human biases of the recruitment process.
"At Fetcher, we believe that the best people are usually engaged in their work and you need to recruit them proactively," added Jurvetson. "The best candidates will rarely be found through job sites, marketplaces or through your incoming applications. The problem is that most companies do not have the time or experience to find and attract the best candidates. "
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