The tech industry is known for its high rate of layoffs, leaving many skilled individuals without jobs. However, there are many platforms where individuals can continue to show skills. One such platform is Hackajob: Where tech talent meets job openings. The two-sided marketplace has already helped more than half a million people find well-paying jobs in the industry.
At Hackajob Tech people could get an interview with some of the top companies. There are lots of job options available for Tech people on this platform. The company makes the first move for you once you have created a profile on the platform.
More than half a million people have created an account on this platform and bagged well-paying jobs every 62 mins.
Hackajob is a job search site that was founded in 2014. The company raised just under 7 million dollars in round A of funding and now in the recent round B of funding, they have raised a further 25 million dollars.
As per company CEO and co-founder Mark Chaffey people from the Tech field are required everywhere and thus the demand for them is very high.
What Hackajob Does?
They are not just connecting Tech people and companies that need them. The company collects data about the individual such as their salary expectations, location preferences, visa status, and more.
They also validate the skill of the person creating an account on the platform to make sure that the hiring companies get the right man for the job.
Investments
The most recent round of funding was led by Volition Capital and Foresight, Axa Venture partners, and Future Fund also participated. The company has gone through multiple rounds of funding to date and has managed to raise over 30 million dollars through them. No wonder there is a buzz about Hackajob: Where tech talent meets job openings.
We could not be more excited to announce our investment in @hackajobHQ as the lead investor of their $25M Series B!
Make sure to check out the @TechCrunch article below by @sarahintampa to learn more about @hackajobHQ and our investment! https://t.co/gVyOY5KQHX
— Volition Capital (@volitioncapital) May 3, 2023
Using Own Marketplace
The company doesn’t just preach but applies it to themselves as well. They recently hired 19 people to take their employee count to 120 people. Of the 19 people hired, 16 were hired from their marketplace.
Revenue Figures of the Company
TechCrunch mentions the Annual Recurring Revenue of Hackajob to be a bit more than 10 million dollars. They also find the company’s net revenue rate to be 150%.
This indicates that the company is acquiring customers and then retaining them. So far 500k people use this platform and from them 200 are paying customers.
