UK-Based Hackajob Raises $6.7 Million, Eyes Global Expansion

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Oct 29, 2018

Hackajob, a job platform for techies, has recently received £5 million ($6.7 million) in Series A funding from investors to fast track the company’s growth. The company plans to use the funding to open new office locations around the world, continue developing its technology, expand its internal teams, and invest in marketing. A Paris office will be opening immediately with another one in Berlin to follow soon after. A U.S. office will open in 2019.

The funding was received from investors AXA Venture Partners with participation from Downing Ventures. Imran Akram of AXA Venture Partners will be joining the hackajob board.

Started in 2014 by CEO Razvan Creanga and COO Mark Chaffey, hackajob aims to help tech talent and jobs find each other. The company says it uses an artificial intelligence algorithm that has taken the previously expensive and time-consuming process of hiring engineers and other technical positions and made it more efficient for both job candidates and companies. The program helps match clients with quality job candidates from its pool of 60,000 members.

“We are thrilled to be able to continue our mission of making the hiring process unbiased, fairer, and meritocratic on a global scale,” said Creanga. “Our constant focus on innovation and deep understanding of technical talent, alongside our in-house expertise, has allowed us to develop a unique business and we’re very excited to take it to the next level.”

Rather than focus mainly on a job seeker’s past experience, hackajob uses AI to match job seekers with positions that are a fit for them based on their technical skills and job expectations. It aims to objectively measure the coding skills of candidates, measuring efficiency, quality, and coding best practices in their work.

The algorithm takes into consideration the candidate’s skill set, coding ability, and cloud infrastructure implementation in order to match them with the right position. Over 1,000 companies have used the platform to hire employees so far, including Apple and Capital One.

“After seeing the impact our unique approach to tech recruitment has had on our client base, by helping them improve their quality of hire whilst saving huge amounts vs traditional channels, we’re incredibly excited about scaling hackajob globally to help more companies hire the right tech talent for their business,” Chaffey added.

Investment director at Downing Ventures, Richard Lewis, said, “We are delighted to continue supporting this fantastic team, who have come a long way since 2015, and thrilled to work with AXA Venture Partners throughout this next phase of global growth.”