The Kenyan online platform, Shortlist, has closed its Series A funding round raising US$2mn. The funding round for the platform, which focuses on connecting employers and talent, was led by Blue Haven Ventures.
Zephyr Acorn, Compass Venture Capital, and Potencia Ventures also provided financing for the startup.
The firm will use the investment to fund the expansion of outreach to job seekers, as well as improve its algorithmic matching, Capital FM Kenya reported.
Shortlist currently operates in Kenya and India, and aims to penetrate new markets outside of East Africa in 2019.
The business uses both technology and human touch to gain an understanding of skills, attitude, and motivation of job seekers in East Africa.
We’re thrilled to announce our Series A fundraise, an exciting milestone in our journey to unlock professional potential across Africa and India. Thank you to all of our investors for their continued support! https://t.co/A16r4dHHQw
— Shortlist (@Shortlisthires) January 29, 2019
“We are helping Kenyan companies hire better candidates, faster, by ditching the CV in favour of truly meaningful candidate data. This funding enables us to further our work connecting employers with the best talent in the market,” stated Ariane Fisher, Managing Director of Shortlist East Africa.
Shortlist has screened more than 400,000 candidates for over 300 clients since 2016.
Its clients have included Africa’s Talking, Jumia, M-KOPA, Shell, Twiga Foods, and Uber Eats.
The company has featured in the London Stock Exchange’s “Companies to Inspire Africa 2019” report.
