Giraffe, the recruitment platform from South Africa, has incited interested after a highly successful funding round. The equity funding was spearheaded by big name Edge Growth’s Vumela Fund, Omidyar Network, Forever Young Capital, and Catapult Trust.
After discovering a niche market for businesses and a need to push higher amounts of quality staffing, the Johannesburg-based venture utilizes "mobile technology and proprietary matching algorithms" to allow companies the opportunity to recruit those staff in a method that is more affordable and faster than comparative options. The platform thus serves on both the business front, but also in the realm of alleviated job-seeking stress by way of giving candidates access to a greater volume of positions at no expense.
Such a business model has proven its worth when it comes to working with businesses that require a high volume of workers, as is the case with call centers, insurance organizations, field sales, and more. The two year old startup was founded by Anish Shivdasani, and since its launch, manufactured more than 150,000 interviews and beckoned over 500,000 job-seekers.
Though the funding amount was undisclosed, the round is the second that the venture has successfully completed, and the seed funding from Omidyar Network has been involved since the get-go. Partners of the firm have been pleasantly taken with the impact of Giraffe on the economy of its home country.
“Giraffe continues to revolutionize the hiring process in South Africa, especially for medium-skilled workers,” said investment partner at Omidyar Network, Badri Pillapakkam. “The seasoned and mission-aligned founding team, the product roadmap towards full-stack hiring automation, and the opportunity for disrupting high-volume medium-skilled recruitment across emerging markets excites us.”
Janice Johnston of Edge Growth’s Vumela Fund agreed with the statement: “Giraffe initially came to our attention two years ago due to its innovative, scalable business model solving such a critical problem in South Africa. We followed Giraffe’s progress and were impressed by the team’s ability to gain traction and to meet the key milestones they set for themselves as well as the robust tech platform they were building,” said Johnston. “We are excited to join the highly regarded existing and new shareholders to build on Giraffe’s strong foundations.”
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