WizeHire, the hiring platform which helps Main Street businesses grow, has managed to raise funds to the tune of $30 million in a Series B funding round, led by Tiger Global. The round saw participation from existing investors Amplo and Mercury too.
With this round of funding, the total funding of WizeHire amounts to $37.5 million and its valuation has gone up to $250 million.
In February 2021, the user-friendly hiring solution that caters to small businesses, closed a $7.5 million Series A funding round with investments from Amplo and Mercury. Other investors included Ruchit Shah and Sandeep Jain.
The platform helps hiring managers align company values, behavioural competencies, technical skills and industry needs to spot the most suitable candidates. Therefore, its clients are able to ensure maximum productivity, decrease turnover cost and increase customer loyalty.
As per studies, the biggest challenge for small and medium businesses is to find qualified talent. Since these businesses cannot really afford staffing firms or effectively use applicant tracking systems that require HR expertise, and prefer not to get involved with time-consuming job boards, they are able to benefit from a platform such as WizeHire.
Started in 2014, WizeHire gives small businesses a rich hiring experience, which is available only to big corporates. It offers small businesses an applicant tracking system, advice from experts and coaches as well as job ad templates and personality assessments that help them identify and hire the most suitable candidates.