Betterleap, a San Francisco, CA-based AI-powered candidate sourcing platform, has officially launched with $13 million in seed funding.
The round was led by a16z and Peak State Ventures, with participation from Streamlined Ventures, Shrug.vc, Active Capital, Air Angels, and Stipple Capital.
Andreessen Horowitz (aka a16z) is a venture capital firm that backs bold entrepreneurs building the future through technology. The firm invests in seed to venture to growth-stage technology companies, across AI, bio + healthcare, consumer, crypto, enterprise, fintech, games, and companies building toward American dynamism. a16z has $35B in assets under management across multiple funds.
Peak State Ventures is a New York and San Francisco-based venture capital firm focused on investing in online education, digital healthcare and PropTech. The firm seeks to make minority investments in seed, early-stage, and later-stage companies.
Betterleap Use of Funds
The company will use the funds to fuel growth, expand its team, and enhance its product offerings.
Founded in 2020 by Khaled Hussein and Anna Melano, Betterleap is an all-in-one recruiting platform to source, engage and convert candidates. The platform leverages AI and data to provide recruiters with highly targeted candidate recommendations, saving them time and improving the quality of their candidate pool. Betterleap seamlessly integrates with various Applicant Tracking Systems (ATSs), including Lever, Greenhouse, Ashby, Recruiterflow, Clockwork, and more. It integrates GPT-4 through its CoPilot feature to provide immediate insights and actionable responses to recruiters' queries.
To date, Betterleap has signed 1000+ companies to the platform with notable partners including Prestige Development Group, Recruiting From Scratch, Boulevard, Chapter and Costanoa Ventures.
Company: BetterLeap, Inc.
Round: Seed Round
Funding Month: September 2023
Lead Investors: a16z and Peak State Ventures
Additional Investors: Streamlined Ventures, Shrug.vc, Active Capital, Air Angels, Stipple Capital
Company Website: https://betterleap.com/
Software Category: AI-powered Candidate Sourcing Platform