Screenloop, a London, UK-based hiring intelligence platform that helps teams hit their recruitment targets faster whilst delivering an enhanced candidate experience, announced that it raised $7 million in a seed round.
The round was led by Stride VC, alongside Ludlow Ventures, All Iron Ventures, Passion Capital, and Paul Forster Founder of Indeed.
The new seed round follows an earlier investment of $2.5M in December 2021, bringing the total raised to $9.5M.
The latest funding will be used for continued product investment plus research and development, to deliver a powerful end-to-end hiring intelligence platform. Screenloop will also continue its expansion into the US and new markets.
Company: Screenloop Ltd.
Raised: $7.0M
Round: Seed Round
Funding Month: June 2022
Lead Investors: Stride VC
Additional Investors: Ludlow Ventures, All Iron Ventures, Passion Capital, and Paul Forster
Company Website: https://www.screenloop.com/
Software Category: Hiring Software
About the Company: Founded in 2021, Screenloop is an end-to-end hiring intelligence platform that currently includes four product solutions for businesses. ‘Pulse’ enables automated candidate feedback on the organization's recruitment processes and uses it to identify and provide tailored recommendations for improvement using AI - enabling businesses to hit their hiring goals faster. Screenloop uses data and artificial intelligence (AI) to identify gaps in the recruitment process, leverage candidate feedback, and provide real-time coaching for interviewers to conduct better interviews and remove unconscious bias from decision-making. Customers include fast-growth tech companies such as TrueLayer, Beamery, Reachdesk, and GorillaLogic. Screenloop has already received feedback from 100,000 candidates globally within 12 weeks and analyzed over 1,000,000 minutes of interviews. The platform also reduces the average time to hire by three days. Screenloop is operating in Europe and the US, with an initial focus on fast-growth tech companies.
Source: https://info.screenloop.com/blog/screenloop-raises-7m-for-its-hiring-intelligence-platform-that-builds-the-best-teams-and-removes-unconscious-bias