Scalers, a pioneering HRTech startup, recently announced that it has closed a $1.8 million (SAR 7 million) funding round to rebuild the hiring process for HR managers. The company’s potential to disrupt the recruitment industry piqued the interest of Sadu Capital and Access Bridge Ventures, who led the investment round.
Scalers has established a name in HRTech by providing innovative, end-to-end recruitment solutions. Hiring managers who are overwhelmed by the recruitment process will benefit from the platform’s recruitment solution, which fills roles with high-quality candidates ten times faster. Unlike traditional recruiting methods, the firm provides instant access to pre-qualified candidates, who are presented with rich profiles curated based on hundreds of data points.
Saudi-based startup proactively sources talent from dozens of channels for pre-selected job verticals, qualifies them through engaging yet practical tests, and instantly matches these talents with employers. Scalers goes far beyond by helping with vacancy closing through interview scheduling, job offer guidance, and talent-to-employer communication coordination.
Speaking about the company, Co-founder & CEO of Scalers, Mohammed Alsaeed, said:
Our platform is more than a bridge to high-quality talent; it’s a comprehensive recruitment copilot. Imagine having a super recruiter at your fingertips who’s shortlisted the candidates before you start looking and is equipped with deep insights and an unparalleled understanding of your talent preferences.
Scalers’ innovative approach addresses a critical need for efficiency and precision in talent acquisition in a market with over 1.2 million active businesses on the General Organization for Social Insurance. The SaaS-based platform combines advanced technology infrastructure and practical recruitment principles, delivering an automated yet personalized hiring experience.
Mohammed Ghawanni, Co-founder & CTO of Scalers, stated:
Scalers leverages advanced matching algorithms and a rigorous vetting process to offer a pre-vetted talent pool unmatched in quality. Each candidate profile results from meticulous curation, ensuring hiring managers have instant access to the right talent.
Qusai AlSaif, CEO & Managing Director of Sadu Capital, commented:
Our investment in Scalers, a leading recruitment platform in Saudi Arabia, aims to leverage Scalers’ cutting-edge matching algorithm to seamlessly connect employers with skilled job seekers, addressing the region’s growing talent shortage. The Middle East staffing & recruitment market is projected to reach US$ 86.1 billion by 2028 with a CAGR of 9.4% from 2023 to 2028. They can become a significant player in the Saudi Arabian recruitment market, the largest in the Middle East and North Africa (MENA).
The financing will enhance the company’s product solutions, strengthen its hiring offerings, and accelerate its market expansion into new job verticals. With this investment, Scaler is poised to solidify its position as the go-to recruitment solution for hiring managers across multiple industries.