Romanian-founded hackajob raises ＄25M in Series B round
04 May, 2023, 13:58
London-based startup hackajob, co-founded by a Romanian Răzvan Creangă, has raised $25 million in Series B funding round to continue leveraging its proprietary AI models to reimagine tech hiring process. Boston-based Volition Capital led the funding round.
- Founded in November 2014 by a Romanian entrepreneur Răzvan Creangă and his college colleague Mark Chaffey, hackajob develops a full stack technical hiring platform. It connects digital and tech talents with the most innovative companies, utilizing the power of their proprietary AI matching engine, globally.
- According to the company, hackajob earns $10 million in annual recurring revenue. It has about 500,000 users and 200 paying customers, who are mainly large companies that are constantly hiring. The company currently employs over 120 people.
“We’ve built a product that people love, and we want to take it global to the biggest technology hubs in the United States and Europe, with the first offices in Paris and Berlin. We will become a fully global company at the beginning of next year and I am happy that we will be able to develop especially in Romania, where the local market is rich thanks to talent and IT and thanks to the huge technological potential,”Răzvan Creangă, chairman and co-founder of hackajob, commented to start-up.ro.
- Boston-based firm Volition Capital led the $25 million funding round, which also saw participation from Axa Venture Partners, Foresight, and Future Fund. In total, hackajob received about $33 million in investments.
- The fresh capital will help hackajob with further development and growth, as well as introducing new solutions for the tech recruitment market.