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Otta, A Jobs Platform With A Database Approach, Raises $20M Series A From Tiger

Jan 25, 2022•over 3 years ago

Amount Raised

$20 Million

Round Type

series a

London

Description

You’d think that platforms offering jobs listings couldn’t be innovated on much these days, but London-based Otta wants to prove that theory wrong. It has a platform for matching jobs at tech companies with candidates by aggregating a lot of information about the company (founder bios, employee reviews, salaries, industry) with the roles offered. Think a sort of “CrunchBase for Jobs”. It’s now raised a substantial Series A funding round led by Tiger Global Management

Company Information

Company

Otta

Location

London, Ontario, Canada

About

The startup says it will now expand its American presence with an on-the-ground Commercial team, and double the Product and Engineering team in London. Indeed Otta says that 37% of its users say their number one priority is meaningful work (whereas only 18% prioritize compensation). Fast-growth businesses in particular are struggling to attract the greatest people. Sam Franklin, Co-founder and CEO said: “When we started Otta, people told us job search was soul-crushing. With the climate emergency and social justice top of mind, Otta has a huge opportunity to connect a generation of thoughtful job seekers with mission-driven companies. Since launching in January 2020 Otta says it has gone from 1,000 applications sent per month to more than 5,000 every day, although this would of course be dwarfed by much larger jobs sites. Otta says that while is competes with LinkedIn.

Funding Insights

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