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  • 6 August 2013 16:55

RecruitLoop Raises $500,000 Seed Funding Opens San Francisco Office

RecruitLoop Raises $500,000 Seed Funding Opens San Francisco Office

Sydney, Australia, 6 August 2013 - RecruitLoop, a startup improving the way businesses find new staff, has secured over $500,000 in a seed funding round. The funding round comes from private investors in Australia, Singapore, the UAE, and Europe. Having gained strong traction in Australia, the seed capital raising will fund further product development, team expansion, and the launch of RecruitLoop into new markets. RecruitLoop has now opened an office in San Francisco, to drive continued growth and funding opportunities, with Co-founder and CEO Michael Overell relocating to the US to spearhead the launch. RecruitLoop is bringing much needed transparency to the recruitment industry, saving employers 80-90% on traditional recruitment costs. Michael Overell, Co-founder and CEO of RecruitLoop: “As a startup, securing funding is a critical enabler for our growth and success, and we’re incredibly excited that our investors share our passion for making RecruitLoop the #1 marketplace for any employer’s hiring needs. “While this is an exciting moment in our journey, we are just getting started. “The injection of funds has allowed RecruitLoop to expand and tap into the North American market where we are gaining exciting early momentum. “RecruitLoop now has a network of over 75 independent recruiters across Australia, New Zealand, Dubai and the west coast of the US. These are true professionals with an average of 10 years experience,” Overell said. RecruitLoop provides a curated marketplace for employers to engage expert independent recruiters on-demand, with wide-ranging benefits:

  • Transparent hourly pricing - employers pay no commissions or success fees, leading to 80-90% savings compared to traditional recruitment
  • Unbundled hiring support - employers can engage a recruiter for any part of the hiring process
  • Curated marketplace of professionals - choose your own recruiter, with detailed profiles and feedback
  • Technology innovation - a custom video interview platform to save hours screening candidates
  • RecruitLoop has developed a multi-award winning business model, being recognised as ‘Best Innovation’ in the Recruitment Excellence Awards, and Top 10 in the Australian Anthill SMART 100.
For more information on RecruitLoop, visit: http://www.recruitloop.com.au

MEDIA CONTACT Anhar Khanbhai recruitloop@clickpr.com.au (02) 8006 0132

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