Venture Capital News: Harver Secures Additional $4.2M
NEW YORK, NY, Harver, an HR tech company that replaces the resume, has raised $4.2 million in funding.
Harver, the leading software in AI pre-hiring and talent-matching, today announced it has raised an additional $4.2 million USD in growth round as part of a Series A funding led by Insight Venture Partners. This brings Harver's total funding to $15.6 million USD.
With this additional funding, Harver plans to expand the team, continuing its rapid growth and supporting its mission of solving major recruitment problems. By hiring additional team members, Harver will focus on bringing its AI matching technology to companies of all sizes, specifically within the United States.
Over the past two years, Harver has captured the attention of big-name tech and Fortune 500 companies. Most recently, Harver signed deals with Zappos, Netflix, Booking.com, Vodafone, OpenTable, and Casper. However, Harver CEO and founder, Barend Raaff, recognizes recruitment pains and problems are present in companies of all sizes.
"We believe hiring the best talent is important for any company; big or small. In the past years, we have enhanced our platform and AI to make our matching technology available for any job, in any language, anywhere in the world. Based on requests from the market over the past years, we believe it's the right time to accelerate on these opportunities," he said.
Harver's software allows companies and applicants to eliminate the resume, establishing a more accurate and effective hiring process while also removing hiring bias and discrimination. Through automating the application process, Harver analyzes modules, tests, and assessments to match the right candidate to the job - without factoring in age, name, look, gender, or resume.
In the past year, Harver has transformed its software to an open ecosystem, allowing the technology to fit the hiring needs of companies of all sizes and languages.
"Our AI matching technology has been heavily utilized by some of the world's most successful brands and the they are very happy with the results. We want to make it available to companies of all sizes and we believe the time for further expansion is now." Raaff said.
In 2017, Harver used their first round of Series A funding to expand to the United States by opening its US Headquarters in New York City. Because US companies understand the value and importance of finding the best talent, Harver believes their matching technology will fill a big need within the market.
Harver (https://harver.com) is a pre-hiring and talent matching technology company that automates pre-hiring and replaces the resume and manual processes to increase efficiency and quality of hire. Harver's proprietary AI-powered recruitment platform uses predictive analytics to make the recruitment process smarter, faster and more efficient. Harver improves the quality of the hiring match by accurately predicting a candidate's aptitude and ability to succeed throughout their career. Harver also significantly reduces short-term employee turnover, increasing efficiency in the recruitment process as much as 90 percent. Harver currently has clients across 20 countries and pre-selects job candidates in 42 languages. The company's list of big name customers includes Zappos, Netflix, Booking.com, OpenTable, Casper, Xerox, Vodafone, Swisscom, Arvato and many more.
Founded in 2014, Harver is a privately held company with International HQ in Amsterdam and US Headquarter in New York City and additional offices in London, Colombo, Sri Lanka. Follow @HarverHRM on Twitter or LinkedIn.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $18 billion and invested in over 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.
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