WorkLLama, a leading candidate engagement and referral management provider, has recently raised $50 million in a funding round. The backers were not disclosed.
With the fresh capital, the Georgia-based startup will continue growing its team to keep up with the exponential growth, accelerate product enhancements to keep its competitive edge, embark on strategic acquisitions over the next 12 months, and invest in continued automation. It also plans to expand its presence across North America, Europe, and Asia Pacific.
Founded in 2016 by Sudhakar Maruvada and Saleem Khaja, WorkLLama is a total talent management and engagement suite that creates communities of highly engaged talent with a single, modern, AI-driven talent marketing, relationship management, and direct sourcing platform. Its full recruiting and hiring stack integrates seamlessly with applicant tracking and human capital management systems to deliver better experiences for candidates, recruiters and employers. The company’s holistic solution includes referral management, candidate engagement, multi-mode communication, AI-driven chatbot Sofi and on-demand staffing/scheduling.
Speaking about the investment, Founder & CEO of WorkLLama, Sudhakar Maruvada, said:
A customer’s number one asset is its people. This latest round of investment in WorkLLama cements our position in the market and allows us to solve further their number one challenge—access to talent and delivering on our promise to look at talent holistically. Our platform makes finding, engaging, and nurturing talent simple, leading to a superior user experience for both customers and candidates alike. This means access to engaged talent ready to work for your organization and invested in doing so.
Since its inception, the WorkLLama team has grown to over 100 employees with customers across four continents. It delivered, on average, a 20% external labour cost reduction and a 66% reduction in time-to-hire for customers. The HRTech startup aims to help connect talent with meaningful roles and allow them to engage easily with brands in their chosen field.
Adding further about the fundraising, Co-founder & COO, WorkLLama, Saleem Khaja, said:
WorkLLama helps companies leverage their brand to create powerful candidate experiences. Existing talent channels are underperforming, and organizations are struggling to find quality talent for open roles, making workforce planning a challenge. This additional funding means we can continue to invest in our enterprise-grade platform, empowering customers and candidates with the proficiency they deserve and one simple, unified way to manage it all.
Allen Born, Director of Fairmount Partners, commented:
It was a great pleasure working with Sudhakar, Saleem, and their team to leverage their experience in total talent management to find the ideal capital partner for the next phase of WorkLLama’s growth. We see a bright future for the company and hope the WorkLLama team continues success in the future.
As a part of the transaction, Fairmount Partners served as the exclusive financial advisor to WorkLLama.