Fetcher, a full-service recruiting automation platform, is pleased to announce a $27 million Series B investment led by Tola Capital, with G20 Ventures, KFund, and Accomplice participation. Fetcher's total capital raised now stands at $40 million, allowing the company to expand its efforts in creating robust, qualified candidate pipelines for talent acquisition teams, as well as providing outreach & diversity analytics, CRM functionality, and global sourcing support.
In recent years, recruiting has evolved, leaving talent acquisition teams struggling to keep up with everything that is expected of them. Recruiters must automate the candidate sourcing and outreach processes in order to have more time to focus on the human side of recruiting.
Fetcher's full-service recruiting automation platform does precisely that. Instead of using a standard database model, Fetcher's unique combination of machine learning and human intelligence generates curated batches of candidates for each open position. Using this sourcing model, recruiters can spend less time in front of a computer searching or filtering for candidates and more time connecting with candidates and hiring managers.
"The state of recruiting has changed. Remote hiring has made candidate competition global, and the pandemic has forced companies to grow their hiring efforts with smaller recruiting teams. Diversity hiring is also more front and center, as it should be," says Co-Founder and CEO Andres Blank. "These factors have led to talent acquisition teams needing automation to build diverse talent pipelines and hire faster, ultimately leading to our revenue tripling in the last year and continuing to grow as we update the product and expand internationally."
As Tola Capital Partner Aaron Fleishman also notes, "the ability to hire and retain top and diverse talent is critical for companies to succeed. The challenge of building talented teams has been compounded because the average tenure in jobs has decreased materially. Fetcher's recruiting automation tool solves the candidate pipeline issue and gives recruiters time to engage and build relationships with candidates. We're proud to partner with the Fetcher team to deliver machine learning and human intelligence to change a recruiter's workflow for the better."
Fetcher's recruiting automation platform integrates with dozens of ATS, as well as Gmail and Outlook to make the sourcing and outreach process as simple as possible. Its one-click Chrome extension enables recruiters to source directly on LinkedIn, filtering qualified prospects into automated email outreach sequences for engagement. In addition, its robust analytics enables businesses to track top-of-funnel performance metrics at the individual, team, position, and company levels. These metrics provide teams with an understanding of what is required at each stage of the funnel to meet and exceed their hiring goals, but they also aid in the development of diverse candidate pipelines by incorporating strategic diversity analytics.
Fetcher is excited to expand internationally and build the most effective sourcing platform for busy talent acquisition teams with this new investment. It will continue to optimize its platform to provide a steady stream of qualified, interested candidates to recruiters and hiring managers while also developing additional ATS integrations, CRM functionalities, and other features. The team will expand globally, assisting talent teams worldwide with sourcing.
