# Sprockets

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

- Industry: Software
- Headquarters: Mount Pleasant, US
- Website: www.sprockets.ai
- Total disclosed funding: $14M
- Latest round: Series A (Mar 17, 2022)
- Investors on record: 6

## About

Sprockets is an AI-driven recruitment platform that optimizes the hiring process for hourly employees by automating tasks like resume screening and candidate engagement.Founded in 2016 and headquartered in Mount Pleasant, US, Sprockets specializes in AI-powered hiring solutions. The company raised USD 10.00 mn in Series A funding on March 17, 2022, led by Forte Capital Management, with participation from Blu Venture Investors and others. Sprockets aims to enhance its offerings and reach through this funding.Sprockets provides an AI-powered hiring software that simplifies the recruitment of hourly employees. The platform automates resume screening and candidate engagement, using machine learning to assess applicant success. Key features include free job postings, automated engagement campaigns, and a virtual recruiter named JoJo that operates 24/7. The company caters primarily to the quick-service restaurant, hospitality, grocery, and call center sectors across North America.Sprockets operates on a subscription model for its AI hiring software, allowing clients to seamlessly integrate its solutions into their HR frameworks. Clients typically engage in annual contracts granting access to features like applicant tracking and background checks. The revenue directly correlates to client growth, particularly in industries with high turnover rates, enhancing its value proposition to potential customers.Following the USD 10.00 mn Series A funding on March 17, 2022, led by Forte Ventures, Sprockets plans to utilize this capital to expand operations and increase its market presence. The company is looking to enhance its product offerings and reach new markets in North America. Specific new product launches and geographic targets are yet to be announced, but the company aims for significant growth in these areas.

## Funding rounds

- Series A, Mar 17, 2022, $10M — Thayer Ventures, Blu Venture Investors, Forte Ventures, Healthy Ventures, VentureSouth, Lytical Ventures
- Seed, Jan 11, 2021, $3.4M — Thayer Ventures, Healthy Ventures, VentureSouth, Lytical Ventures
- Seed, Oct 31, 2018, $0.8M — VentureSouth

## Investors

- VentureSouth (https://capitalatlas.ai/funds/venturesouth) — Seed, Series A
- Thayer Ventures (https://capitalatlas.ai/funds/thayer-ventures) — Seed, Series A
- Healthy Ventures (https://capitalatlas.ai/funds/healthy-ventures) — Seed, Series A
- Lytical Ventures (https://capitalatlas.ai/funds/lytical-ventures) — Seed, Series A
- Blu Venture Investors (https://capitalatlas.ai/funds/blu-venture-investors) — Series A
- Forte Ventures (https://capitalatlas.ai/funds/forte-ventures) — Series A