wayup
Recruitment App DebutRaises $6.7 Million To Rip Up Résumés
LinkedIn made it passé to send dozens of résumés to potential employers. Now Debut is finding the perfect match for graduates with personality tests and math quizzes, degrees be damned. It's a British competitor to New York-based WayUp, and investors here seem to like its targeted approach to recruitment: the startup has just raised $6.7 million (£5 million) to make its recommendation algorithms for job-seeking graduates smarter. Debut already has 60 corporate clients, including Google, Apple and Barclays, that pay it an annual subscription to parse the data flood of graduate applicants who have completed psychometric and personality tests on its app. "Most jobs applications have generic information," says founder Charlie Taylor, a former consultant at Ernst & Young who also ranked on Forbes' 30 Under 30 in European tech in 2017.
This Startup Thinks Machine Learning Can Make Your Job Hunt Less Painful
These days, job hunting looks a lot like online dating: Seemingly infinite scrolling, a few messages that lead to nowhere, and even fewer human interactions that--more often than not--don't turn out the way you thought they would. Recruiting startup WayUp hopes to convince job searchers that it doesn't have to be such "a miserable process," says co-founder and CEO Liz Wessel. WayUp offers a "smart" platform that uses data to match seekers with potential employers. Wessel says that the site collects about 40 data points per applicant and, armed with that information, is able to suggest "the right jobs to the right people" better than job sites like Indeed and Monster, or professional social network LinkedIn. On Thursday, the company announced that it has raised a $18.5 million series B funding round, led by Trinity Ventures, with participation from WayUp's existing investors, including General Catalyst, BoxGroup, Lerer-Hippeau Ventures, Index Ventures, SV Angel, and Female Founders Fund.
WayUp Is a Booming Job-Hunting Site for Millennials
When Liz Wessel was a sophomore at the University of Pennsylvania, she received an unexpected email that would help shape her career, even if she didn't know it at the time. The message didn't come from a professor or advisor, though. It came from beverage giant Anheuser-Busch. The company wanted Wessel to be a campus ambassador, a role that involved promoting its mechanical engineering openings to fellow students. "I thought it was crazy that Anheuser-Busch needed a sophomore to help them with hiring mechanical engineering students for their full time jobs," she says.
This Startup Thinks Machine Learning Can Make Your Job Hunt Less Painful
These days, job hunting looks a lot like online dating: Seemingly infinite scrolling, a few messages that lead to nowhere, and even fewer human interactions that--more often than not--don't turn out the way you thought they would. Recruiting startup WayUp hopes to convince job searchers that it doesn't have to be such "a miserable process," says co-founder and CEO Liz Wessel. WayUp offers a "smart" platform that uses data to match seekers with potential employers. Wessel says that the site collects about 40 data points per applicant and, armed with that information, is able to suggest "the right jobs to the right people" better than job sites like Indeed and Monster, or professional social network LinkedIn. On Thursday, the company announced that it has raised a $18.5 million series B funding round, led by Trinity Ventures, with participation from WayUp's existing investors, including General Catalyst, BoxGroup, Lerer-Hippeau Ventures, Index Ventures, SV Angel, and Female Founders Fund.
This Startup Thinks Machine Learning Can Make Your Job Hunt Less Painful
These days, job hunting looks a lot like online dating: Seemingly infinite scrolling, a few messages that lead to nowhere, and even fewer human interactions that--more often than not--don't turn out the way you thought they would. Recruiting startup WayUp hopes to convince job searchers that it doesn't have to be such "a miserable process," says co-founder and CEO Liz Wessel. WayUp offers a "smart" platform that uses data to match seekers with potential employers. Wessel says that the site collects about 40 data points per applicant and, armed with that information, is able to suggest "the right jobs to the right people" better than job sites like Indeed and Monster, or professional social network LinkedIn. On Thursday, company announced that it has raised a $18.5 million series B funding round, led by Trinity Ventures, with participation from WayUp's existing investors, including General Catalyst, BoxGroup, Lerer-Hippeau Ventures, Index Ventures, SV Angel, and Female Founders Fund.