Technical hiring platform hackajob has announced a $25m Series B funding round led by Boston-based growth equity firm, Volition Capital, with participation from existing investors AXA Venture Partners and Foresight.
The round means the London-based company can accelerate its expansion in the US and work towards its vision of becoming the end-to-end hiring platform for enterprises to scale their technology teams.
The investment comes shortly after hackajob entered the US market to help large enterprises and multinationals solve their chronic shortage of access to talented tech workers. Nearly seven in 10 digital leaders there claim they are unable to keep up with the pace of change due to a lack of access to talent.
Since its US launch, hackajob has already built a significant talent pool with US-based candidates representing 25 per cent of tech talent on their platform, making the region its primary growth market.
CEO Mark Chaffey (pictured) said: “We’re entering an age where every business is becoming a tech company thanks to the value of data and the vital need for digitisation both internally and across all customer-facing operations.
“Our Series B funding is part of our strategic growth plan to help all organisations – not just those in Silicon Valley – respond to this challenge and, following a successful entry to the market, we’re excited to accelerate our expansion into the US whilst continuing to grow in the UK.
They have been instrumental in supporting how we hire across our roles, from early-in career opportunities to senior, strategic positions
“To close such a notable round of investment in the current climate demonstrates not only the opportunity ahead of us, but the progression hackajob has made over the years from an idea, to a high growth startup which raised a series A that enabled us to set the foundations throughout 2019 to seize the opportunity that came from Covid and ultimately become the company we are today.”
hackajob aims to have created the most effective hiring platform for enterprises to scale their permanent technology teams. One of their biggest clients is Sainsbury’s. Over the past few years, the retailer has seen its tech function grow to over 1,400 colleagues.
Helen Hunter, Chief Product & Analytics Officer at Sainsbury’s says: “As our key strategic partner in the recruitment of outstanding talent in Sainsbury’s Tech, hackajob has helped us on our digital transformation journey. They have been instrumental in supporting how we hire across our roles, from early-in career opportunities to senior, strategic positions, and we look forward to working with them as we continue to raise our game, attracting even more great talent to Sainsbury’s Tech.”
More about hackajob
More about Volition Capital