Talent acquisition platform HeyJobs secures $12M in Series A funding

Berlin startup founded in 2016 that aids companies in scaling their recruiting needs, HeyJobs, has recently acquired a fresh $12 million in Series A financing.

The round is led by Notion Capital with participation from existing investors Creathor Ventures, Rocket Internet’s GFC and newly re-branded Heartcore Capital.

Founded in 2016 and launched the following year, HeyJobs aims to tackle the recruitment problem European employers are facing due to steep declines in available workforce as the so-called the “boomer” generation nears retirement (this is seeing Germany alone losing 500,000 workers annually, apparently).

The HeyJobs platform leverages machine learning in an attempt to make high-skilled recruitment more scalable. It promises to match talent with job profiles and draw in the best candidates via targeted marketing and a “personalized application and assessment flow.”

“We use a fully automated technological approach to help candidates find jobs and companies find employees,” says HeyJobs co-founder and CEO Marius Luther.

“For example, we deploy multiple machine learning algorithms to find the right potential candidates for a specific role (asking ‘who are the most likely candidates for an intensive care nurse role in East London?’). Our technology then makes sure candidates see the job proposal on channels such as Facebook, Instagram, job platforms and across the web.”

Read more here.

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