MeetFrank, the new-age global recruitment platform, has raised €1.5 million, led by Karma.vc, ENERN, Change Ventures, and Hummingbird.
Headquartered in Tallinn with an office in Helsinki, the startup has developed a recruitment platform that is part machine learning, part chatbot. The app anonymously matches companies with top talent based on data such as salary expectations, skill set, and experience. In concept, the tool wants to match candidates and companies based on similar aspiration, rather than similar location.
“Talent is willing to move for the right opportunity, but in most cases, the right opportunity never arises. Job opportunities outside your ecosystem are often inaccessible and global talent doesn't know what their global options are. Additionally, great companies miss out on the best people because they don’t know how to reach them,” explained MeetFrank CEO, Kaarel Holm. “We want to match people to the companies that align with their views, values, and aspirations. Currently, the global talent pool is too biased towards location instead of attracting the best talent,” he continues.
To this end, the startup is rolling out a new “relocation without location” feature, which opens up an international job search, without current employers catching wind. Users are not required to provide their real name or any other identifying personal information in order to get matches with potential positions, but information about the jobs (e.g. salary) is as transparent as possible.
Launched as the official recruitment platform for Slush 2017, MeetFrank now has over 265,000 users, with its largest markets in Finland, Estonia, Latvia, Lithuania, and Germany.
COmmenting on the round, Filip Popovic of ENERN said, “We chose to invest in MeetFrank because they have a great team, the capability to build further traction, and they are on the cutting edge of technology to disrupt the recruitment process globally.”