GroupBy Enhances Services Post Pre-Series A Funding
Deal News | Nov 08, 2024 | Aim Group
South Korean reverse-recruitment marketplace, GroupBy, has introduced an innovative AI-powered profile creation service following its pre-Series A funding round in July. This new service streamlines the creation of candidate profiles by utilizing resumes and other uploaded documents, generating comprehensive profiles within just a few minutes. Backed by Primer Saje, Hallym University Technology Holdings, and Angel Lounge, this funding round builds on prior seed financing. GroupBy connects a network of 23,000 IT professionals with over 800 startups and has seen significant engagement metrics, with over 1,000 job postings and 15,000 applicants by September end. In a competitive landscape, rival WantedLab enhanced its capabilities by investing in Japanese recruitment platform Lapras.
Sectors
- Recruitment Technology
- Information Technology
Geography
- South Korea – GroupBy is based in South Korea, making it central to the company's operations and advancements in recruitment technology.
Industry
- Recruitment Technology – The sector involves the use of technology and platforms to improve recruitment and matchmaking between job seekers and employers. GroupBy’s introduction of an AI-powered profile creation tool and its reverse-recruitment model place it squarely in this industry.
- Information Technology – GroupBy connects IT talent to startups, indicating its alignment with the Information Technology sector. Its service targets IT professionals and employers seeking such expertise.
Financials
- Undisclosed – The amount raised by GroupBy in the pre-Series A round was not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GroupBy | Target Company | Company | A South Korea-based reverse-recruitment platform that connects IT workers with startups. |
| Primer Saje | Investor | Company | An investor firm that participated in GroupBy's pre-Series A funding round. |
| Hallym University Technology Holdings | Investor | Company | An investment entity contributing to GroupBy's pre-Series A fundraising. |
| Angel Lounge | Investor | Company | An investor in GroupBy's pre-Series A funding, specializing in fostering innovative startups. |
| WantedLab | Competitor | Company | A job-site operator that has expanded its talent scouting capabilities through strategic investments. |
| Lapras | Other Company | Company | A Japan-based reverse-recruitment specialist company in which WantedLab has invested. |