OfferZen, a South African tech talent marketplace, has raised US$5.1 million in a Series A funding round led by Base Capital, a South African investment firm.
This is OfferZen’s first round of external funding, as the company has been self-funded since its inception in 2015.
OfferZen, situated in Cape Town, was founded in 2015 and launched in 2016. It assists tech firms such as Luno, Absa, MMI Holdings, Takealot, WeTransfer, Adyen, and Catawiki in hiring from a community of over 100 000 software makers.
After acquiring TryCatch, an Amsterdam-based recruiting tech firm, the company grew to become South Africa’s biggest tech talent marketplace and expanded to the Netherlands in April 2020.
“Right now, tech recruiting is rising at a rate that far exceeds our wildest predictions.” The number of developers and businesses signing up to use the OfferZen platform is at an all-time high. Between the third and fourth quarters of 2021, we saw a 29 percent rise in placements,” stated Philip Joubert, co-founder, and CEO of OfferZen.
In order to expand its expansion into European markets, OfferZen wants to use the fresh capital to accelerate its growth in Europe.
OfferZen will use the funds to invest in the local tech ecosystem and expand its operations, product, and growth teams as it expands into Europe, with the goal of expanding to two more nations in 2022.