# Hireku

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

- Industry: Software
- Headquarters: Pittsburgh, US
- Website: www.jazzhr.com
- Total disclosed funding: $18M
- Latest round: Series C (Aug 19, 2014)
- Investors on record: 8

## About

Hireku, Inc. is a US-based recruitment technology company that specializes in providing innovative hiring solutions, particularly for small to medium-sized businesses, through its JazzHR platform.Founded in 2009 and headquartered in Pittsburgh, US, Hireku, Inc. develops recruitment software designed to enhance the hiring process. In April 2021, the company merged with Jobvite, Inc. and NXTThing RPO, LLC, all under K1 Investment Management, to create a more comprehensive talent acquisition provider. The merger aimed to combine the strengths of these companies to cater to a broader range of clients from small businesses to large enterprises. The merger's financial details were not disclosed, but it marked a significant strategy pivot for Hireku to expand its market reach. The latest funding, amounting to USD 6.60 mn led by Volition Capital, was raised in April 2021, contributing to the company's ambitious growth strategy.JazzHR is a recruitment software platform that primarily serves small to medium-sized businesses, offering an AI-powered solution designed to streamline the hiring process. The platform features applicant tracking, candidate sourcing, collaborative hiring, and compliance reporting, addressing the challenges of acquiring top talent efficiently. By automating job postings across multiple job boards from a single interface, JazzHR simplifies the hiring experience for small business owners and lean recruiting teams, allowing for immediate usability. JazzHR's services cater to various industries, particularly in North America, where it provides cost-effective recruitment solutions.JazzHR operates on a subscription-based revenue model, offering clients tiered pricing plans based on features. Clients typically enter annual agreements providing varying levels of service according to their hiring needs. The pricing structure accommodates packages for specific recruitment functionalities, enabling organizations to optimize their hiring processes effectively. As a B2B service provider, JazzHR focuses on directly engaging with businesses to enhance their recruitment efforts, with core services like applicant tracking and candidate experience being essential to its revenue generation strategy.Looking ahead, Hireku, Inc. plans to leverage its recent merger to enhance its product offerings and expand its market presence. The company is focused on developing new products aimed at providing advanced talent acquisition solutions. The recent funding of USD 6.60 mn will support these initiatives, aligning with the rationale of creating a comprehensive solution for businesses of all sizes. The merger will enable the combined entity to tap into new markets, enhancing their service offerings and driving growth in both SMBs and larger enterprises.

## Funding rounds

- Series C, Aug 19, 2014, $15M — Rincon Venture Partners, Volition Capital, Riverfront Ventures, Birchmere, Blue Cloud Ventures
- Series B, Oct 29, 2012, $2.1M — Rincon Venture Partners, ff Venture Capital, Salesforce, Inc., Riverfront Ventures, Birchmere
- Series A, Apr 29, 2011, $0.7M — Rincon Venture Partners, ff Venture Capital, Riverfront Ventures, AlphaLab
- Seed, Dec 30, 2010, $0.1M — Riverfront Ventures
- Seed, Dec 1, 2009, $0.1M — Riverfront Ventures

## Investors

- Riverfront Ventures (https://capitalatlas.ai/funds/riverfront-ventures) — Seed, Series A, Series B, Series C
- Rincon Venture Partners (https://capitalatlas.ai/funds/rincon-venture-partners) — Series A, Series B, Series C
- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Series A, Series B
- AlphaLab — Series A
- Salesforce, Inc. — Series B
- Birchmere (https://capitalatlas.ai/funds/birchmere) — Series B, Series C
- Volition Capital (https://capitalatlas.ai/funds/volition-capital) — Series C
- Blue Cloud Ventures (https://capitalatlas.ai/funds/blue-cloud-ventures) — Series C