Monzo and Indeed’s founders back hiring of tech startup Screenloop for $ 2.5 million raise
Screenloop, the UK recruiting intelligence startup, has raised $ 2.5million (Â£ 1.9million) in an oversubscribed funding round. It will use the funds to develop its recruiting solutions, which include tools for interviews, referrals and candidate search.
Screenloop was founded by a team of senior unicorn operators – private companies valued at $ 1 billion or more – who believe traditional hiring processes are inefficient, outdated and unfair.
Its founders are JoÃ£o Leal from Revolut, Rodrigo Santos from Clearscore, Nuno Saldanha from Talkdesk and Anton Boner from Stack Overflow.
The cycle was led by Blissgrowth, Passion Capital and RLC Ventures. Several founders of well-known European companies, including Tom Blomfield of Monzo and Paul Forster of Indeed, also participated in the round.
Screenloop said the current job market is plagued by a talent shortage for roles, repetitive and lengthy interview processes, and increased competition to recruit the best candidates.
Screenloop has customers in the United States, the United Kingdom and the European Union.
JoÃ£o Leal, Co-Founder and Head of AI at Screenloop, said: âDuring a period of rapid nationwide recruiting, companies simply cannot afford to waste time and money on hire the wrong people. With our smart product offering, we can help businesses hire the right people faster.
Eileen Burbidge, Partner at Passion Capital, said: âWe are delighted to be working with this fantastic team on such an important change for an area that is essential to every hiring manager and organization. “