Qualifi, the enterprise solution for high-volume hiring, recently announced that it has raised in an oversubscribed round led by m]x[v Capital and Rally Ventures, with participation from Armory Square Ventures, Sixty8 Capital, Elevate Ventures, Techstars Fund, Converge Venture Partners, Debut Capital, and other angel investors.
The Indiana-based company plans to utilize the funds to accelerate its growth by expanding its team, further developing its platform and investing in its products, sales, and marketing. It wants to build a high-volume hiring proposition by making new industry partnerships to address the pain points experienced by recruiters.
Co-founded in 2019 by Darrian Mikell, Devyn Mikell, DeSean Prentice, and Keenan Jaenicke, Qualifi helps companies hire faster and more efficiently by automating the whole hiring process, from sourcing candidates to scheduling interviews to making offers. Companies of all sizes use the platform to hire for various roles, including customer service, sales and technical positions. It aims to change how high-volume recruiters screen candidates by reducing friction, mitigating bias and reducing the time it takes to schedule and coordinate interviews so recruiters can appoint the best candidates before their rivals do.
Using Qualifi, recruiters go from struggling to fill roles to becoming talent magnets and making offers to hire the best candidates before their competition.
Speaking about the fundraising, Co-founder & CEO of Qualifi, Darrian Mikell, said:
We are thrilled to welcome such a diverse group of strategic investors who closely align with our next growth stage. This round of funding allows us to develop our technology further to alleviate the pain points of hiring on recruiting teams globally. We are focused on taking burdens from talent leaders so they can take care of their people, a mission that this investor group fully supports. We are excited to share a new stage of growth for Qualifi.
As a part of the transaction, Neenah Jain, Partner and Chief Financial Officer from Armory Square Ventures, will join the Qualifi board, bringing over two decades of experience in finance, analysis, and accounting.
General Partner of m]x[v Capital, Mark Ghermezian, added:
m]x[v is thrilled to be a part of Qualifi’s mission to transform how companies approach high-volume hiring. The Qualifi platform streamlines recruitment, eliminating friction for employers and job candidates. By introducing equity, speed, and a structured process into an otherwise chaotic and daunting task, Qualifi empowers companies to make data-driven hiring decisions leading to more diverse and qualified teams.
Jeff Hick, General Partner of Rally Ventures, commented:
We are immensely impressed by Qualifi’s frictionless solution that empowers recruiters to find the best candidates faster-using automation and asynchronous phone interviews. Equally important, Qualifi provides equitable access and a memorable candidate experience for job seekers. We are proud to be part of this journey and the contribution this business is making to Talent Acquisition.
In February 2022, Qualifi raised $2.5M in a seed funding round led by Rally Ventures. Existing investors, Techstars, Sixty8 Capital, Elevate Ventures, Debut Capital, and Flywheel Fund, as well as newcomers Northwestern Mutual Black Founder Accelerator powered by gener8tor, Converge, Service Provider Capital, and multiple strategic angels, also participated in this round.