Amsterdam-based TestGorilla has secured $70m in Series A funding, co-led by the London-based venture capital firms Atomico and Balderton Capital.
The funding brings the company’s total investment to $80m following previous investments from Notion, Partech, and CapitalT.
Luca Eisenstecken from Atomico and James Wise from Balderton Capital will join the board as part of this investment round.
TestGorilla has attracted more than 5,300 customers, in less than two years since its launch in the summer of 2020.
These include Sony, PepsiCo, Bain & Company, Revolut, Oracle, H&M, and the UK’s National Health Service. G2, the world’s largest software marketplace, recently named TestGorilla in its prestigious list of the top five fastest-growing software products for 2022.
Founded by serial entrepreneur Wouter Durville and former Bain & Company partner Otto Verhage, TestGorilla makes the recruitment process more fair, efficient, and data-driven by enabling organizations to use skills assessments as soon as candidates apply for open roles.
According to the company, it is leading the way in skills-based hiring – an increasingly popular way to recruit that gives every candidate an equal chance to prove their abilities and motivation.
Adopting skills-based hiring helps businesses recruit top talent and more diverse candidates, faster, easier, and with less risk of bias.
Studies show that job success is most strongly correlated with multi-measure assessments, whereas CVs and work experience are the weakest links.
The TestGorilla platform enables companies to save valuable time and avoid expensive mis-hires by remotely assessing all the factors that contribute to job success, such as specific role-related skills, language proficiency, cognitive abilities, soft skills, motivation, personality, and culture add.
The company says the ongoing development of their proprietary technology will include the platform’s integration with further Applicant Tracking Systems, enabling employers to use the product seamlessly from within their existing ATS, and the introduction of new features to satisfy the requirements of mid-sized businesses.
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