Tallinn-based startup RecruitLab has raised €1.9 million in a seed round to offer a video-recruitment platform that helps streamline and automate recruitment processes.
The funding was led by Baltic market specialist Change Ventures and backed by StartupIst VC, FFF.vc, and the BADideas.fund, an early-stage angel syndicate.
The funds will be used for expansion in the U.K. and other European markets, tripling the company’s workforce and adding new functionality to its platform.
RecruitLab plans to offer solutions for recruiters at SMEs and small recruitment agencies who require a plug-and-play solution.
It provides an alternative to the incumbent Applicant Tracking Systems (ATS) players, like Workable, Bullhorn, Taleo, Lever, and Greenhouse.
The platform provides the same ATS functionality in addition to recruitment marketing, social media, candidate experience, and asynchronous video recruitment tools to automate the recruitment process at a price point that every company can afford.
With a portfolio of clients such as DPD, Circle K, Tallink, and KPMG, the company claims it reduces hiring time by 50% and improves the overall candidate experience.
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