WizeHire, an easy-to-use online recruiting system for small businesses, has raised $30 million in Series B funding led by Tiger Global with participation from prior investors Amplo and Mercury.
This round brings WizeHire’s total funding to $37.5 million and its valuation to $250 million.
Small businesses are facing a hiring crisis. According to the latest NFIB Jobs Report, 92% of small and midsize businesses (SMBs) reported that having trouble finding qualified talent was their number one challenge. Staffing firms are expensive, applicant tracking systems are built for HR experts, and job boards are time-consuming to manage for a busy business owner.
WizeHire gives business owners an applicant tracking system, expert advice from dedicated hiring coaches, and recruiting resources like job ad templates and personality assessments to pre-screen candidates that save them time and money to hire the right candidates.
The hiring platform incorporates data-driven insights into every stage of the hiring process to help small business owners make more informed decisions about when to hire, what compensation to set for jobs, and who to interview based on the unique needs for the role.
“The pandemic was an incredibly tough time for Main Street, and we were right there with them. We’re constantly amazed by the depth of our clients’ trust in us and in response, have stepped up to serve them as a trusted advisor in their business growth. We plan to build a marketplace for small businesses to have access to the resources they need to succeed,” said Sid Upadhyay, CEO, WizeHire.
The platform plans to introduce new offerings like tax, payroll, and insurance advice. WizeHire has also recently launched a mobile app for iOS and Android that allows business owners to easily manage their hiring process on the go, connect them to the services they need to scale and put valuable hiring advice at their fingertips, the company said in a statement.
"WizeHire has created a solution that serves and anticipates the most important needs of Main Street businesses with a focus on hiring skilled workers. Rapid adoption of the WizeHire platform by small businesses illustrates the market’s potential, and we are excited to partner with Sid and the WizeHire team,” said Sam Harland, Partner, Tiger Global.
The WizeHire team plans to further expand hiring resources into industries like automotive, hospitality, insurance, and home services as well as add features like recommended background checks, and legally-approved offer letters.
Today more than 15,000 employers trust the platform with their hiring needs, and 90% of those businesses plan to return for future hiring needs.
In 2021, WizeHire doubled its customer base and internally tripled its headcount. The company plans to grow their team two-fold by the end of 2022.