engin, a New York-based AI-powered recruitment software startup for emerging industries – like cannabis, announced a $2.5 million seed funding round led by investment firm Gotham Green Partners.
With this funding, engin intends to increase sales and marketing activities aimed at enterprise customers, introduce breakthrough AI-powered capabilities, and extend offerings better to serve the cannabis industry and other developing areas.
While the company is currently focused on the cannabis industry, it plans to expand into other sectors with similar challenges in recruiting and retaining entry-level and frontline workers, including other areas of sustainable agriculture, clean-tech, hospitality, omnichannel retail, psychedelic medicine, and artificial intelligence.
"Experts project the legal cannabis industry will create over 100,000 new jobs in 2023 and employ more than 1,000,000 people within five years," said Sloane Barbour, engin’s co-founder, and CEO. "Our mission is to power these companies to build equitable, sustainable, and profitable workforces - at scale. Our platform enhances companies' job distribution to mainstream partners, social platforms, and community partners, generating an engaged, qualified talent funnel and reducing hiring time by 30-50 percent. Building and retaining strong teams, fostering a legacy-to-legal pipeline, and establishing a dynamic employer brand will be vital for companies navigating this industry's evolution.”
engin's cutting-edge technology streamlines job advertising and recruitment for companies, delivering high-intent applicants, accelerated hiring, and significant cost savings.
Leading organizations like Columbia Care, Stiiizy, and Etain already use engin's platform to build their employer brand, intelligently disseminate job postings, and match individuals with openings that match their talents and expertise.
Company: Engin Sciences Inc.
Raised: $2.5M
Round: Seed Round
Funding Month: April 2023
Lead Investors: Gotham Green Partners
Additional Investors:
Company Website: https://engin.co/
Software Category: Recruit Marketing Software
About the Company: Founded by Sloane Barbour and Dr. Valerie Fraysse, engin is a recruitment software company that powers companies in emerging industries to build equitable, sustainable, and profitable workforces. Its recruiting software is designed for hiring, marketing, and management, offering a CRM and applicant tracking system. Scaling first within the quickly-growing cannabis sector, engin helps companies recruit smarter, hire faster, and retain talent for longer.
Source: https://www.businesswire.com/news/home/20230405005630/en/engin-Raises-2.5M-in-Seed-Financing-to-Revolutionize-Recruitment-in-Emerging-Industries