The new funding will be used to expand across the U.S. and hire more engineers and operators to meet growing customer demands. The company also plans to enter new markets and countries. Since its pre-seed round in March 2023, Paraform's revenue has increased 10x, it has onboarded over 100 new customers, and has grown its team. The company also plans to expand its platform to cater to roles beyond software engineering and go-to-market jobs at startups.
Key takeaways:
- Paraform, a recruitment platform for startups, has raised a $3.6 million seed round led by A*, a venture capital firm founded by Kevin Hartz. The platform aims to tap into the pool of laid-off recruiters who have started their own businesses.
- The platform charges a listing fee to publish jobs and a success fee when a hire is made. It has supported more than 200 companies in hiring roles and has thousands of recruiters on the platform.
- Paraform's total capital raised is now $5 million. The new funding will be used to expand across the U.S., hire more engineers and operators, and enter new countries and markets.
- The startup is planning to expand its platform to cater to roles beyond software engineering and go-to-market jobs at startups. It also plans to use AI technology to help recruiters understand what hiring managers are seeking.