iRecruit receives $417k seed
Brisbane’s iRecruit has closed a AU$550k ($417k) seed round after initially bootstrapping since its creation in July 2015. The funding comes from a group of local undisclosed angel investors. Founder Todd Pierce mentioned the startup had initially experienced difficulty acquiring funding through VC firms.
The tech-platform aims to optimise the recruitment process for both employees and employers. The product will allow job seekers to make a personalized profile, with the algorithm then matching them with matched employers.
The platform is said to be free for employees. It will nonetheless require employers to pay a fee when looking to contact a matched employee profile. It aims to be especially useful for companies dealing with high volumes of applications.
The startup will use the newly acquired funds in the launch of their product across Queensland. iRecruit will then consider expansion to the rest of the Australian market.
The Beanstalk Factory secures partnerships, continues trend of corporate-startup partnerships
Sydney-based The Beanstalk Factory has secured a series of lucrative partnerships with an aim to encourage large corporates to team up with smaller startups to drive innovation.
Founded by former StartupAUS CEO Peter Bradd and Jack Delosa, the start-up has previously worked alongside big brands, education institutions and government bodies. Since its launch in December 2015, the organisation has signed on the likes of Telstra, News Corp, Monash University, Myer or Sunclorp Groups.
With corporate environments increasingly seeking to link up and engage with startup ventures and other aspects of the Australian entrepreneurial ecosystem, many startup co-founders are seeking to build up their ventures using disruptive technologies.
Due to the growing importance of building such relationships, The Beanstalk Factory aims to function as an effective bridge between the two different ecosystems.