Investments, Startups

Cloud-based Recruitment Platform Workable Raises $5M from 83North And Openfund

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Workable, a cloud-based recruitment platform for companies, has raised $5 million in seed round from its existing investors Greylock(now 83North) with participation from seed investor Openfund. In May 2014, the firm had secured $1.5 million and $950,000 in January 2013. Including this round, the firm had received a total capital of $7.5 million in 3 rounds from 6 investors.

Boston-based Workable enables smaller companies to promote their jobs online, review candidates and schedule interviews. Currently, it operates in 39 countries with customers such as Transferwise, Intercom, Marks & Spencer, Commerzbank and Mercer Foods. Based in Athens and London, Workable consists of 20 member in its team.

It claims to be attracting 300 new companies every month and give smaller firms the chance to compete for talent against larger ones. “Our growth allows us to offer customers the same advantages of scale long enjoyed by larger organizations. With one afternoon and as little as $19, Workable users get a hiring experience that would be the envy of a major corporation,” said CEO Nikos Moraitakis.

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