Early stage technology investor Granite Ventures, which led HireVue’s previous round, Peterson Ventures, which led HireVue’s A-round, new investors Rose Park Advisors, and the law firm of Wilson, Sonsini, Goodrich and Rosati also invested in the round.
HireVue’s cloud-based platform makes job interviews available on-demand. Qualified candidates respond to interview questions at their own convenience from a computer, tablet or smartphone, and employers can then watch interview responses anytime, anywhere. Since responses are captured digitally, they can be objectively compared, rated and shared with other members of the hiring team.
“HireVue’s on-demand digital interviews are a game-changer for anyone who’s hiring. Already being used by hundreds of global companies and small businesses, HireVue’s quickly becoming the new digital standard for making interviewing a consistent, data-driven process,” said Phil Dur, managing director at Investor Growth Capital. “Leading this round of funding is an incredible opportunity for us to be an integral part of a company with tremendous growth potential.”
David Bradford, chief executive officer at HireVue, added. “Bringing in this diverse, world-class group of funding partners further validates the need for a solution like HireVue’s and solidly fuels the company’s aggressive plans to modernise recruiting and expand our services to a global job market. With the US unemployment rate at more than eight percent, despite millions of open jobs, I cannot think of a better time to address this critical problem.”
In previous rounds, the company raised a total of $6m and has built its management team along with sales and support organisations. It currently employs more than 60 professionals, and provides services to companies including Walmart, Nike, Starbucks, Dunkin Donuts, eBay, Nestle, GEICO and Dow Jones.
The influx of investment capital will be focused on strategic investments in research and development (R&D), sales and marketing, client services, and global expansion, it said.
Investor Growth Capital is a global venture capital firm backed by Denmark industrial holding company Investor AB. It has offices in Menlo Park, New York, Beijing, and Stockholm and manages an evergreen fund with more than 100 portfolio companies worldwide and assets exceeding $1.5bn.
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