Portfolio

Workable raises $50M Series C to automate recruiting for SMBs

NOV 21, 2018

Workable announced they have raised $50M in Series C. The round was led by London-based private equity firm Zouk Capital with participation from Balderton, as well as other previous investors 83North, Notion and TriplePoint. The company is based in Boston, USA, with offices in London, Athens, San Francisco, and Sydney,

Read CEO Nikos Moraitakis's blog post about the investment.

Workable is now the world's most popular recruiting automation platform for SMBs — more
than 20,000 companies have used Workable to source and evaluate 50 million job candidates in 100 countries around the world. Workable was founded in 2012, and has raised a total of $84M.

Several million SMBs do 70% of the hiring in the world. The old tech stack of separate point solutions for sourcing, evaluation and workflow isn’t serving them well. Workable packs everything a modern recruiting operation needs into a single tool: recruitment marketing, passive candidate sourcing, interview scheduling, candidate assessment and workflow automation.

Workable has developed AI technology that draws upon hundreds of millions of human decisions to recommend candidate matches and programmatically advertise to individual candidates alongside a network of 180 partners including LinkedIn, Indeed, Facebook, and Google. It is now rolling out new technology to automate the screening and evaluation process, such as candidate self-scheduling,
resume enrichment, machine-powered screening and more than 30 integrated evaluation and video interviewing tools.

Nikos Moraitakis, CEO, and Spyros Magiatis, CTO

Most of the effort that goes into recruiting today gets consumed by administrative tasks, sifting through data, email outreach, interview scheduling or conducting assessments. Workable wants to automate the tasks that computers are better at and free up recruiters’ time to focus on the substance: talking to qualified job candidates and working with hiring managers to build great teams.

Stay in touch with Balderton

Sign up for our newsletter to stay up to date on news from Balderton, and our portfolio.