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Fetcher Raises $27M To Automate Aspects Of Job Candidate Sourcing

May 19, 2022•over 3 years ago

Amount Raised

$27 Million

New YorkConsumer GoodsSoftware

Description

Reflecting the growing investor interest in HR technology startups, Fetcher, the talent acquisition platform formerly known as Scout, today closed a $27 million Series B funding round led by Tola Capital with participation from G20 Ventures, KFund, and Accomplice. The new money — $7 million in debt and $20 million in equity — brings the startup’s total capital raised to $40 million, which co-founder and CEO Andres Blank says is being put toward international expansion and building out the Fetcher platform with new applicant tracking system (ATS) integrations and customer relationship management capabilities.

Company Information

Company

Fetcher

Location

New York, New York, United States

About

If we’re over- or under-indexing anywhere on the gender or demographics front, the platform can course correct. By automating both the sourcing and outreach sides of recruiting, Fetcher can reduce the number of internal sourcers and recruiters a company needs, as well as significantly reduce the budget being spent on outside recruiting firms, agencies, or consultants.”Fletcher employs 45 people, currently, and plans to double that number by the end of the year. “Rather than using a straight database model, Fetcher is the only sourcing solution that can truly automate the sourcing process for companies, based on its unique combination of ‘machine learning with human intelligence.’

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech