Estonia-based Recruitlab announced a USD $362K Seed round of VC funding for its recruiting platform targeting the middle market. The platform claims to include applicant tracking, recruitment marketing, and analytics. Recruitlab is attempting to market to both employers and recruitment agencies, two customer groups and use cases that are very different at scale.
Globally, the recruiting tech space is one of the most crowded, however we are starting to see the next wave of tech innovation emerge in the category as the world’s economy emerges from COVID and hiring and business forecasts are bullish.
$582 million was invested globally in recruiting technology during 2021 Q1 alone. In total $2.7 billion was invested globally in work tech during Q1. Get the WorkTech free report and analysis here.