Recruitment tech startup raises £450k for AI “that helps recruiters place candidates faster”

Recruitment tech startup HireAra has raised a £450k Seed round for their AI-powered candidate presentation platform for recruitment agencies. 

The platform helps recruiters to make their brand and their candidates stand out to hiring clients, increasing the speed at which these candidates are placed in new roles. The round was joined by the founders of the UK’s leading recruitment tech companies: Mercury, SourceWhale, One Up Sales, and Candidate.ID and several sets of customers. 

In a typical week, recruiters spend several hours fine-tuning candidate CVs, improving the visual presentation of their application, and preparing to pitch the candidate to hiring managers. This is repetitive, time-consuming administrative work that eats into shrinking agency margins and  extends the time it takes to establish candidates in their new roles. 

To allow recruiters to spend more time building relationships with candidates and clients, HireAra’s founding team built a candidate presentation platform that integrates seamlessly into existing workflows. Using the platform, recruiters can upload a candidate CV’s and any supplementary information to generate beautiful branded content about the candidate in seconds.

The injection of Seed funding will enable HireAra to triple their sales team, bring two new content products to market in 2024, and accelerate their mission to modernise the recruitment industry. 

This is the first raise announced by the HireAra team, just 20 months after the startup was spun out of intelligent automation company DigiBlu in April 2022. Five existing HireAra customers and several veteran recruitment tech angel investors participated in the round, with the remaining 45 per cent of the round raised via private crowdfunding. 

Thomas Vose, HireAra co-founder and CEO, commented: “For recruitment agencies, their candidates are their product. So, it’s essential that they present the candidate and their brand in the best light possible. 

“There’s no room for human error in candidate presentation, as, according to CFA Institute research, a CV with two or more typos will be instantly rejected by over 97 per cent of hiring managers.

“We've built a B2B SaaS platform, powered by AI, which makes candidate presentation quick and easy.  HireAra unlocks capacity and resource in recruitment teams, and recruiters using HireAra are placing candidates with unprecedented speed.

“It’s an honour that so many of the veteran founders that we look up to have decided to invest in HireAra. There’s no greater show of belief in our product and roadmap than to become an Angel investor, and we’re looking forward to taking the next steps on that roadmap with their support.”