Recruitment platform LiveHire has just raised $20 million in an equity placement to to institutional and sophisticated investors led by Telstra Super.
The 19.05 million shares went at $1.05. A short time ago, the shares were trading at $1.08, down 2.7%.
LiveHire listed on the ASX in June 2016 after raising $10 million at 20 cents a share. The latest raising means LiveHire will have $35 million in cash to accelerate growth.
LiveHire has a platform which creates pools of pre-qualified job candidates for companies to dip into when they need to recruit, saving the money and time it takes to get a new staffer on board.
Read more here
