Funding

[Funding alert] London-based Recruitment Startup JobCannon Secures $500,000 in Pre-Seed Funding

Jan 9, 2024 | By Startup Rise EU

London-based recruitment startup JobCannon secures $500,000 in pre-seed funding. Founded in 2022, JobCannon has quickly expanded to employ 35 people. Its UK headquarters are home to two Israeli and two Ukrainian founders.

London-based recruitment startup JobCannon secures $500,000 in pre-seed funding. Founded in 2022, JobCannon has quickly expanded to employ 35 people. Its UK headquarters are home to two Israeli and two Ukrainian founders.

JobCannon uses AI to make talent acquisition and job searches more efficient. It helps employers find the right individuals quickly and efficiently while matching job seekers with their ideal opportunities.

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According to CMO Andy Cherednichenko: “Typical recruitment services rely on unverified text resumes. Employers spend 2-3 interviews to confirm a candidate’s skills. We place assessments at the core of our process, cutting hiring time in half and saving candidates time on searches while helping employers save money. The testing methodology has been tested in our recruitment business, forming the basis of the IT platform.”

In order to broaden its globally reach and establish offices in Israel, Ukraine, and the UK, JobCannon previously bought the Israeli recruitment agency Digital Hunters. This acquisition also allowed JobCannon to effortlessly combine its SaaS platform with real-world knowledge gained from running a profitable recruitment agency.

Read also - Lyon-based ENYO Pharma Secures a €39 Million in Series C Round Funding

Peter Kolomiets, CEO and founder, shared: “With a diverse background spanning numerous roles, I encountered the persistent challenge of securing employment. Transitioning into recruitment, I discerned a strategic methodology —prioritising skills over resumes — which laid the foundation for JobCannon. Starting this journey with our achievement in securing investment from a VC backed by the World Bank stands as a testament to our commitment. The collaborative synergy is robust, with our investor facilitating our strategic entry into the global corporate market.“

About JobCannon

The hiring industry has seen a revolution because to JobCannon. They have made talent acquisition and job searches easier by utilising AI. Their goal is to match job searchers with their ideal positions and to assist companies in finding the best individuals with the highest level of efficiency.

Read also - Mental Health Startup Self Space Secures €2.6 million Seed Funding

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