Workable is a recruiting automation platform that applies AI trained on hundreds of millions of human decisions to recommend candidate matches and programmatically advertise to individual candidates. The platform integrates with a network of about 180 partners, including LinkedIn, Indeed, Facebook and Google, and has been used by more than 20,000 companies in over 100 countries. Workable is rolling out technology to automate screening and evaluation, including candidate self-scheduling, resume enrichment, machine-powered screening and more than 30 integrated evaluation and video interviewing tools. The company says it will use the new capital to continue developing its technology platform and to expand its business reach. Workable was founded in 2012 and is led by CEO Nikos Moraitakis; it maintains offices in Boston, London, Athens, San Francisco and Sydney. The company has raised a total of $84M in venture financing to date. Workable builds a recruiting solution aimed at small and midsize businesses, designed to streamline hiring and replace cumbersome legacy methods. The company’s product is positioned to help SMBs recruit great people quickly and efficiently. Balderton Capital led a $27m investment round into Workable. Balderton praised the two European founders and the company’s team, expressing enthusiasm for backing them. The funding was described as enabling Workable to take the next step on their journey toward growth. The article does not disclose revenue, user counts, or other operating metrics. Workable provides a hiring SaaS platform that enables smaller companies to post to multiple jobs boards, review candidates, and schedule interviews. The company says it attracts about 300 new companies every month and counts customers including Conversocial, TransferWise and Vend. CEO Nikos Moraitakis frames the product as a way for smaller firms to compete for talent against larger companies. Originally from Greece and now based in Boston, Workable has been growing its customer base among startups and SMEs. Financially, the company has received additional funding, most recently a $5 million injection from existing investors, after an earlier $1.5 million round in 2014. Workable offers a cloud-based recruitment platform focused on small and medium-sized enterprises, providing tools to create job listings, post across multiple sites, and enable team collaboration in hiring. The company runs monthly subscription plans that range from $19 to $400 and pre-buys job placements to pass savings to customers. Workable serves roughly 300 customers, with over 60% located in the U.S., and reports revenue growth of about 30% month-on-month driven by customer growth. Its customer base includes fast-growing startups like Intercom, Conversocial, TransferWise and Vend, as well as non-tech small businesses such as bakeries and salons. Product plans include adding video features, expanding the network of sites for job postings, and building capabilities to let third-party recruiters work across the Workable network to create more of a marketplace. Workable provides cloud-based applicant tracking software that helps hiring managers collect, screen and manage candidates based on candidates' online presence, including profiles on Linkedin and other social networks. The company was co-founded by CEO Nikos Moraitakis and CTO Spyros Magiatis. Workable is based in Athens, Greece, and London, UK. In 2013 the company raised €600K in seed funding. The seed round was led by Greek Openfund.

Total raised

$84M

Funding rounds

5

Latest round

Equity

Latest activity

Nov 2018