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Rec Tech: the Recruiting Technology Podcast

Bringing you technology inspired conversations with practitioners and vendors in the recruiting technology arena.

Apr 16, 2021

Upskilling platform Degreed has raised $153 million in Series D funding. The investment, which was co-led by Sapphire Ventures and Riverwood Capital, values the company at $1.4 billion. Dan Levin, former COO of Box will succeed Chris McCarthy as CEO of Degreed. 

The funding will be used to accelerate product development, enhance data infrastructure, fuel global expansion, and pursue strategic acquisitions. Technology enhancements will focus on upgrading Degreed’s reporting and analytics, ensuring best in class security, and enhancing integrations that take Degreed deeper into users’ daily workflow.

“Investing in skills, culture, and career growth has become a critical differentiator for employers,” said Jeff Parks, Co-Founder and Managing Partner at Riverwood Capital. “Under Chris’ leadership, Degreed has transformed the learning experience and upskilling conversation. We are thrilled to build on that vision in partnership with Dan and this incredible team, and are focused on the next phase of their scalability journey and supporting their mission to equip people with the skills they need to redefine their careers, their companies, their fields, and the world.”

The total funding round including equity and debt reached $183 million and included participation from current investors Signal Peak Ventures, Owl Ventures, GSV Ventures, Founders Circle, Contour Investment Partners, Section Partners, and Alliance Bernstein, as well as new investor Firework Ventures.

obvite has launched Jobvite Academy, a new online learning center for talent acquisition (TA) teams to modernize their recruiting skills.

Traditionally, recruiters have had to learn on the job or seek training on their own. Now, TA professionals and their teams can enhance their recruitment expertise with Jobvite Academy.

Jobvite Academy is designed to upskill and broaden the knowledge of recruiting teams, resulting in better productivity and results for organizations regardless of their tech platform. Jobvite Academy features cost-effective and self-guided certification programs created and led by a faculty of experts and covers the knowledge needed for TA professionals to develop more innovative action plans informed by best practices. This includes providing vendor-agnostic training on critical recruiting skills, key competencies, and proven industry best practices.

Jobvite Academy will include a range of certification options including these initial programs: Recruitment Marketing (available now), with Applicant Management and Effective TA Operations both coming soon. Each program can be completed at one’s own pace, includes seven learning modules, and qualifies for SHRM and HRCI credits. Participants will also receive two workbooks and one exam to ensure hands-on experience and course completion.

 Hired has announced its new unified solution and rebrand following its acquisition by Vettery and The Adecco Group in November 2020. Hired has absorbed Vettery to operate as a single platform that matches a highly-curated pool of motivated candidates with fast-growing, innovative companies.  

The new, combined solution expands Hired’s pool of candidates beyond tech to sales roles as well. 

Besides continuing to offer remote roles globally, Hired is now available to candidates in four new markets – Atlanta, Dublin, Minneapolis, and Philadelphia – bringing the platform’s number of concentrated regions to 18 of the leading tech hubs in the world across the U.S., Canada, UK, and Ireland. 

Hired aims to demystify the opaque hiring industry by giving both candidates and employers accurate information, equal access to opportunity, and unparalleled transparency. As G2’s leading Diversity Recruiting Software, Hired’s unique offering includes customized assessments and salary bias alerts to help remove unconscious bias in the hiring process.

Cangrade, a leading bias-free AI-based hiring solution that predicts job candidate success, launched its Job Description Decoder, an easy and free way for organizations to reduce bias, improve their talent pipeline, and find the right fit for their roles by identifying the soft skills their candidates need for success.

Cangrade’s Job Description Decoder is a powerful, easy-to-use tool built on Cangrade’s powerful psychometric data and I/O psychology. With a short survey, the Job Description Decoder pinpoints which soft skills will lead to success in a company’s open role, how to pinpoint those soft skills in an interview, and how to advertise for those skills.

ZipRecruiter now lets employers know when candidates are in high demand and encourages them to act fast, before it is too late

Many employers lose top candidates to more agile competitors by taking too long to contact them. Now, ZipRecruiter helps employers avoid this costly mistake by giving them valuable information about the status and availability of applicants they are considering.

When employers browse through applicants, an “Act Fast!” label notifies them if candidates are being actively recruited by other employers and encourages them to reach out quickly. The label indicates that the candidate has received a signal of intent from multiple other employers in recent days.

Fuel50, creator of a talent marketplace platform, today announced it has raised $15.5M (USD) in Series B funding, led by PeakSpan Capital and Shearwater Capital. With deep AI personalization and a commitment to diversity and inclusion, Fuel50 mobilizes talent through an AI-powered opportunity marketplace that delivers internal talent agility and workforce reskilling.

With the new funds in place, Fuel50 will be increasing its presence across the US, EMEA, and Australasia, while accelerating product innovation to include deep analytics and talent intelligence. To date, Fuel50 has raised approximately $28.2 million.

Fuel50 is an award-winning talent marketplace platform that delivers career path transparency, mobilizes talent, and evolves an organization’s workforce for the future. Featuring AI-driven talent and skills forecasting from the world’s fastest-growing talent experience platform,