Carv funding news – Amsterdam-based Carv Secures $10Million in Seed Funding

Among the investors are Global Founders Capital (GFC) and several independent angel investors who previously backed companies like Slack, Miro and Revolut. With the funding, Carv aims to accelerate its growth and expand the capabilities of its platform into different domains of the recruitment life cycle.

With its platform, it addresses one of the most pressing challenges in todays’ talent acquisition space: recruitment has become synonymous with administrative work. Industry data shows that anywhere between 20% to 40% of a recruiter’s day to day is spent on admin tasks; an unfortunate characteristic of the job that sits at the heart of many other challenges recruiters face.

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With it, these time-consuming admin tasks can now be fully delegated to a personalized AI, freeing up recruiters to focus on what matters most; the candidates they interact with. ‍

Co-founder Barend Raaff said, "We often talk about the future of AI in recruitment on an abstract level. With Carv we make it tangible. Enabling recruiters to delegate the tasks they shouldn’t spend time on to Carv is a first step towards a reality of integrated AI. One that delivers instant benefits, and simultaneously opens the door to the fundamental rethinking of the hiring process in a later stage.”

In its current form, it is able to take on any admin task a recruiter may have. By joining meetings, taking in the context, and applying the style and tone of voice the recruiter would normally use, it is not only faster in execution but also able to hold a higher quality standard. From writing job descriptions and taking interview notes, to populating ATS systems and creating candidate write-ups, Carv can do it in seconds instead of hours.

But this is just a first step towards completing the vision the Carv founders have laid out. Once recruiters are accustomed to collaborating with integrated AI, the company envisions a push for true recruiter-AI synergy, aimed at bringing the human element back to the forefront of the recruitment process. ‍

The team behind it is no stranger to recruitment innovation. The founding team previously built Harver, a market leader in digital hiring technology, and are now channeling their expertise and insight into Carv. Their track record and Carv’s current traction in the market have attracted significant investor attention, culminating in the substantial €10M seed round.‍

About Carv‍

Headquartered in Amsterdam, Carv is a fast growing innovator in recruitment technology. The company has developed an AI platform designed to streamline recruitment processes by automating administrative tasks traditionally handled by recruiters. It's customizable solution empowers recruiters to work more efficiently and effectively, allowing them to focus on building meaningful connections with candidates and clients.