Recruitment software company Beamery has raised $5 million in fresh funding from Index Ventures. Other participants in the round include Edenred Capital Partners, GP Ventures, and LocalGlobe.
London-based Beamery’s software is used by companies to screen and acquire the best job candidates by combining CRM features and AI, which treats “candidates like valued customers”. The company claims that its software firing costs by 39%. Its clients include Facebook, Dropbox, and House of Fraser.
The company plans to use the new funds to double its staff to 50 by the end of the year as well as open a new US office in the Bay Area for its go-to-market team. Its product development and engineering teams are based in the UK.
“Talent and HR used to be cost centres, necessary evils rather than unique advantages,” commented Beamery CEO Abakar Saidov. “In the modern economy, companies are starting to recognize that creating a world class talent function is one of most important differentiators to their success. Beamery transforms how businesses interact with talent, and is a primary system of record for this relationship.”
“Beamery is not another recruitment tool,” added Jan Hammer, partner at Index Ventures. “They are entirely rethinking the role of a recruiter and changing companies’ approach to hiring.”
The company previously raised a $2 million seed round last June.
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