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Employment intelligence start-up Screenloop secures $2.5m growth funding

UK-based hiring intelligence start-up, Screenloop, has raised $2.5m from Blissgrowth, Passion Capital, RLC Ventures, and GTMfund to bring intelligence, performance and automation to the hiring process.

The round was oversubscribed and included several founders including Jay Radia (Yieldify & Reachdesk), Paul Forster (Indeed), Tom Blomfield (Monzo), James Hind (Carwow), Eamon Jubbawy (Onfido), Anil Stocker (MarketFinance), Doug Monro (Adzuna), Ivan Mazour (Ometria), Nick Telson (Horseplay Ventures) and more.

The company is founded by a team of senior operators, all from unicorn companies, who identified how inefficient, outdated and unfair the hiring process is within businesses. The founding team includes João Leal (ex-Revolut AI lead), Rodrigo Santos (ex-Clearscore Data Lead), Nuno Saldanha (ex-Talkdesk Product Lead) and Anton Boner (ex-Stack Overflow Commercial Director).

Hiring globally is challenging. Key problems include a lack of available talent for the number of roles posted, long and repetitive interview processes, unconscious bias and increased competition to hire the best candidates. Screenloop solves these problems.

João Leal, Co-Founder and Head of AI at Screenloop said: “Businesses are struggling to hit their hiring goals and getting the right candidate is more competitive now than possibly ever before. In our analysis often the hiring process for many organisations is inefficient and outdated. During a period of rapid nation-wide recruitment, companies simply cannot afford to waste time and money on hiring the wrong people. Through our intelligent product offering, we can help companies hire the right people quicker.”

Dave Richardson, Director of Recruitment at Monzo, said “This is the most exciting technology I’ve ever seen in the Talent Acquisition/People space!”

Eileen Burbidge, Partner at Passion Capital, said: “Hiring effectively is one of the key success factors of any successful company – and Screenloop’s unique approach and technology helps every business to hire the right people faster, with greater transparency into the process, reducing bias and increasing fairness. We’re thrilled to be working with this fantastic team on such an important step-change for an area which is critical for every hiring manager and organisation.”

Screenloop is already delivering their solutions to customers in the US, UK and the European Union.