Candidate.ID announces investment from Blackfinch Ventures

Candidate.ID announces investment from Blackfinch Ventures

Candidate.ID has announced further investment of £630,000 from Blackfinch Ventures, taking total external investment to £1,630,000 in 15 months.

Candidate.ID’s sophisticated technology, packaged in a simple-to-use interface, sits right on top of a companies’ Applicant Tracking Systems and acts as a core system of candidate engagement. The platform ultimately replaces recruitment CRM in an employer’s technology stack, which allows recruiters to cut sourcing time considerably and increase productivity by around 50%.

Candidate.ID is being used by FTSE100, Fortune500 and international Recruitment Process Outsourcing companies. The firm’s Advisory Board includes talent acquisition leaders from companies such as Barclays, Intuit, IQVIA, Nationwide, Philips and Thermo Fisher Scientific.

Securing this investment allows the company to focus on doubling their revenue in 2020 all the while further progressing its machine learning programme. Reuben Wilcock, Ventures Director at Blackfinch Ventures, said, “Recruitment has seen significant disruption in recent years as technology solutions automate processes, increasing productivity. We chose to invest in Candidate.ID because we believe in the team’s vision for automated talent recruitment and a more positive experience for job seekers. We were also impressed with the recently re-launched platform and how the company has already secured global traction”

Adam Gordon co-founder and CEO of Candidate.ID, added, “The team at Blackfinch Ventures really believe in our people, technology and business plan and we are excited about working with them and accelerating our mission, to make recruitment more effective for every employer and a better experience for every candidate.”

Wednesday, 22 April 2020

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