# HarQen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/harqen

- Industry: Software
- Headquarters: Milwaukee, US
- Website: www.harqen.com
- Total disclosed funding: $9.8M
- Latest round: Series C (Apr 15, 2012)
- Investors on record: 7

## About

HarQen provides innovative audio and video interview solutions to enhance recruitment processes for businesses. Their platform facilitates interview recording, transcription, and collaboration, enabling efficient talent acquisition.Founded in 2006 by Jeff Fitzsimmons in Milwaukee, US, HarQen specializes in advanced interviewing technology. The company has completed five deals, with its most recent funding round, Series C, raising USD 4.30 mn from investor DaneVest Capital on April 15, 2012, bringing the total amount raised to USD 4.30 mn.HarQen specializes in providing advanced audio and video interview solutions designed for businesses seeking to enhance their recruitment processes. Their core product offerings include a cloud-based platform that facilitates seamless interview recording, transcription, and collaboration among hiring teams. This technology aims to streamline the hiring process, reduce bias, and improve candidate engagement by allowing various stakeholders to review interviews at their convenience. HarQen's services target a diverse client base across industries such as technology, finance, and healthcare, serving both large enterprises and small to medium-sized businesses. The geographical markets for their offerings extend primarily to North America and Europe, where organizations increasingly prioritize efficient and effective talent acquisition solutions.HarQen's revenue is generated through a subscription-based model, offering tiered pricing plans tailored to the needs of their clients. These plans encompass access to their interview platform, including features such as unlimited recordings, transcription services, and analytical tools for evaluating candidate performance. Typical transactions occur between HarQen and businesses that subscribe to their services, allowing employers to conduct interviews and collaborate on candidate assessments seamlessly. The company’s flagship product, which integrates advanced analytics, enables clients to optimize their hiring decisions. As a result, revenue is directly tied to the number of active subscriptions and the scale of services utilized by each client, emphasizing the importance of customer engagement and retention in their business strategy.HarQen plans to utilize the funding from the Series C round completed in April 2012 to enhance their product offerings and expand into new markets. They are focusing on developing new features for their platform and aim to launch these improvements by the end of 2013. Additionally, HarQen is targeting expansion into additional European markets and the Asia-Pacific region by 2014, responding to the growing demand for efficient recruitment solutions.

## Funding rounds

- Series C, Apr 15, 2012, $4.3M — DaneVest Capital
- Series B, Oct 13, 2011, $2M — Capital Midwest Fund, Silicon Pastures, Wisconsin Investment Partners, Women Angels, LLC
- Series A, Jan 27, 2010, $2.7M — Phenomenelle Angels, Capital Midwest Fund, Golden Seeds, Silicon Pastures, Wisconsin Investment Partners
- Seed, Dec 1, 2007, $0.8M — Phenomenelle Angels

## Investors

- Phenomenelle Angels (https://capitalatlas.ai/funds/phenomenelle-angels) — Seed, Series A
- Capital Midwest Fund (https://capitalatlas.ai/funds/capital-midwest-fund) — Series A, Series B
- Golden Seeds (https://capitalatlas.ai/funds/golden-seeds) — Series A
- Silicon Pastures — Series A, Series B
- Wisconsin Investment Partners (https://capitalatlas.ai/funds/wisconsin-investment-partners) — Series A, Series B
- Women Angels, LLC — Series B
- DaneVest Capital (https://capitalatlas.ai/funds/danevest-capital) — Series C