# Otta Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/otta-technology

- Industry: Outsourcing
- Headquarters: London, UK
- Website: www.otta.com
- Total disclosed funding: $24M
- Latest round: Series A (Jan 12, 2022)
- Investors on record: 3

## About

Based in London, UK, Otta Technology Ltd is a technology-driven recruitment platform that connects candidates with job opportunities, particularly within the tech sector, streamlining the hiring process for both job seekers and employers.Founded in 2019 in London, UK, Otta Technology Ltd specializes in facilitating job searches in the technology industry. The company was co-founded by Fatih Çiftçi, Sam Franklin, Theo Margolius, and Xav Kearney, with Sam Franklin currently serving as CEO. Otta has successfully raised a total of GBP 14.760 mn in funding through multiple rounds, with the latest being a Series A round led by Tiger Global Management, which occurred in December 2023. The company has completed a total of four deals, and its most current valuation stands at GBP 89.920 mn.Otta Technology Ltd operates a platform that connects job seekers with relevant employment opportunities across various sectors, primarily focusing on the tech industry. The platform curates personalized job recommendations tailored to user preferences, streamlining the application process and reducing reliance on recruiters. It caters to both individuals in major cities including London, Amsterdam, Barcelona, Berlin, Dublin, and Paris, as well as organizations seeking to attract talent from innovative tech companies and startups.In the most recent financial year of 2023, Otta Technology Ltd reported a revenue of GBP 5,257,091.30. The company generated this revenue primarily through subscription services and partnerships with employers who list job postings on its platform. In the same year, Otta incurred an EBITDA loss of GBP 4,487,978.60 as it continues to invest in its growth and development.Following its acquisition by Welcome to the Jungle in December 2023, Otta Technology Ltd is set to enhance its market presence across Europe and the US. The upcoming strategy includes the launch of new products tailored to the tech job market, although specific release dates have not been disclosed. The recent funding will be utilized to support these expansion efforts and product developments, aligning with the aim to attract a broader audience in new geographical regions.

## Funding rounds

- Series A, Jan 12, 2022, $20M — Tiger Global Management, Founder Collective, LocalGlobe
- Seed, Aug 4, 2020, $2.9M — Founder Collective, LocalGlobe
- Seed, Nov 6, 2019, $1.1M — LocalGlobe

## Investors

- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed, Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A