Established in 2016, Dubai-based algorithmic job matching recruitment platform, Bloovo.com, has announced that it has closed a $3 million funding round from various investors.
Noble Partners led this round, but interest was also generated by ProCapita HR Consultancy and Sulaiman Al-Rubaie from Kuwait, Al Shafar, Al Serkal and Al Ghussain families from the UAE, Mohamad Moosa Abdulrahman Investment Office from Oman, and other GCC investors.
“We are obsessed with a big vision of becoming the most innovative online recruitment platform globally, gaining the unicorn status in the longer term," said Ahmad Khamis, co-founder and CEO, Bloovo.com. Some of the innovative features Bloovo.com offers are: scientific matching percentages, success probabilities, in-depth applicant analysis, candidate video pitches, among others.
Ammar Al Khushashi, managing partner at Noble Partners, said that the venture capital industry in the MENA region is set to grow tremendously over the next 5 years, evidenced by the recent number of transactions completed in the region.
“This market is rich with opportunities and is rapidly growing, which positively affects the development of a more enhanced ecosystem. “We have noticed a gradual shift in investors' mindset to include technology investments within their portoflios, which is growing nicely in this part of the world.”
Bloovo.com has rapidly grown its employers’ database from 260 to more than 1,850 as of May 2017. The company is looking to accelerate growth across the MENA region over the next 18 months, then internationally, and is considering investors from Asia, Europe and the US.