Datapeople, a New York-based SaaS recruiting predictability platform, raised oversubscribed $13 million in Series A funding.
The round was co-led by GreatPoint Ventures and New Markets Venture Partners, with participation from existing investors such as First Round Capital, NextView Ventures, Uncork Capital, Gaingels, and FOG Ventures.
The funds will be used to scale Datapeople's go-to-market function and increase the delivery of new features and products.
Datapeople brings data-backed objectivity, efficiency, and predictability to talent acquisition, beginning with optimized job descriptions and following with reporting and analytics on recruiting processes and performance. Since 2022, more than 10,000 users have edited 170,000 jobs in the Datapeople platform.
"Talent acquisition is facing multiple challenges today, including uncertain economic times, scrutiny on hiring spend, and labor market tightness, while also being expected to continue to deliver with leaner teams and smaller spend," said Amit Bhatia, CEO and co-founder of Datapeople. "The control over processes and outcomes that Datapeople provides is essential, as well as our ability to help with meaningful improvements in hiring quality, diversity, speed, and cost."
Datapeople's data-informed recommendations are powered by a database of over 65 million job posts and millions of hiring outcomes to examine job posts holistically: both on content (what is said) and language (how it is said).
Company: Tapwage, Inc.
Raised: $13.0M
Round: Series A
Funding Month: June 2023
Lead Investors: GreatPoint Ventures and New Markets Venture Partners
Additional Investors: First Round Capital, NextView Ventures, Uncork Capital, Gaingels, and FOG Ventures
Company Website: https://datapeople.io/
Software Category: SaaS Recruiting Predictability Platform
About the Company: Founded in 2015, Datapeople is a SaaS recruiting predictability platform that transforms recruiting teams into strategic partners by giving them the intelligence and control they need to meet their hiring goals, starting with their job descriptions. Datapeople's Job Score helps users understand how their content is likely to perform in the local market across a range of dimensions, including candidate pool volume, quality, and diversity. Datapeople is used by companies like DoorDash, Givaudan, and Dentsu North America, and customers in 80 countries. Datapeople is a remote-first company.
Source: https://www.prnewswire.com/news-releases/datapeople-raises-oversubscribed-13-million-series-a-to-provide-intelligence-and-control-to-recruiting-teams-301864005.html