# Candidate Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/candidate-labs

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.candidatelabs.com
- Total disclosed funding: $5M
- Latest round: Series A (Sep 3, 2020)
- Investors on record: 4

## About

Candidate Labs Inc. is an innovative recruitment firm focused on modern hiring solutions for technology and go-to-market roles, leveraging advanced machine learning to connect candidates with employers.Founded in 2019, Candidate Labs Inc. offers specialized recruitment solutions. The company is headquartered in San Francisco, US, and has raised a total of USD 5.00 mn through 4 different investment deals, with the latest being a Seed round of USD 5.00 mn on June 28, 2021, involving investors such as BoxGroup, FJ Labs, Fuel Capital, and SignalFire. The firm was co-founded by Jonathan Downey, Michael Zhang, and Ryan Stevens, with Downey and Zhang serving as CEOs.Candidate Labs specializes in modern recruitment solutions tailored for go-to-market (GTM) and technology hiring. Their core offerings include executive search, strategic hiring, and team building services, leveraging a proprietary machine learning platform that analyzes data from over 100 million candidates, 10 million companies, and 20 million open job positions. This technology enables the firm to efficiently identify candidates who align with specific client demands, serving startups and established firms across various industries including FinTech, Manufacturing, and Remote Work. Candidate Labs has established a strong presence in North America and Europe, with clients such as Airbase, Deel, and Fulcrum, ensuring a bi-directional fit between candidates and employers to address the complexities of hiring in a competitive landscape.Candidate Labs operates on a revenue model that primarily revolves around B2B transactions, providing tailored recruitment services to companies seeking to fill strategic roles. The pricing structure is based on a percentage of the candidate's first-year salary or pre-defined fees for specific services, including executive search or team building. Each transaction involves a contractual agreement that outlines the scope of services provided, including candidate vetting and placement, positioning Candidate Labs as a valuable partner for organizations enhancing their talent acquisition strategies.In June 2021, Candidate Labs Inc. secured venture funding from Salesforce Ventures and Uncommon Capital, with participation from returning investor FJ Labs. This funding is expected to support the development of new products and facilitate expansion into additional markets. The firm is targeting growth in new geographic regions by enhancing its technology platform and broadening its service offerings, although specific release dates and markets for the upcoming initiatives have not been disclosed.

## Funding rounds

- Series A, Sep 3, 2020 — FJ Labs
- Seed, Jun 25, 2020, $5M — BoxGroup, Fuel Capital, FJ Labs, SignalFire

## Investors

- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- Fuel Capital — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A
- SignalFire (https://capitalatlas.ai/funds/signalfire) — Seed