Sprockets, a Charleston, SC-based SaaS company that provides a hiring platform that determines which applicants are the right fit for your needs, announced that it closed $10 million in Series A funding.
The round was led by Forte Ventures, with participation from Healthy Ventures, Thayer Ventures, Lytical Ventures, Blu Ventures, and VentureSouth.
The funding will enable Sprockets to continue assisting business owners in hiring and retaining the best hourly employees, even during a labor shortage.
Company: Sprockets, Inc
Round: Series A
Funding Month: March 2022
Lead Investors: Forte Ventures
Additional Investors: Healthy Ventures, Thayer Ventures, Lytical Ventures, Blu Ventures, and VentureSouth
Company Website: https://sprockets.ai/
Software Category: Hiring Platform
About the Company: Founded in 2016, led by AJ Richichi, Sprockets is a hiring platform that helps businesses improve employee retention by finding the common thread between top-performing employees and incoming applicants. Sprockets' AI-powered platform helps you hire the best applicants to improve employee retention and reduce employee turnover costs. Sprockets’ mission is to transform the traditional hiring process into an equitable one. Sprockets’ Applicant Matching System reveals what makes your best employees tick, empowering you to hire more people like your current top performers. Sprockets’ sophisticated software evaluates potential hires based on the traits of a company’s best employees to determine the right candidate in just a few minutes. Sprockets helped thousands of customers and hundreds of thousands of candidates in the QSR and hospitality industries in 2021.