# SquarePeg

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

- Industry: Software
- Headquarters: Salt Lake City, US
- Website: www.squarepeg.ai
- Total disclosed funding: $3.5M
- Latest round: Seed (Jan 21, 2025)
- Investors on record: 8

## About

Founded in 2021 and based in Utah, US, SquarePeg, Inc. operates an advanced recruitment platform that integrates with leading Applicant Tracking Systems (ATS). The company was founded by its CEO, Claire McTaggart. In September 2024, SquarePrg, Inc. raised USD 3.5 million in seed funding led by Next Frontier Capital, including Acadian Ventures, Silicon Road Ventures, Bread & Butter Ventures, Vitalize Venture Capital, FullCircle, Loyal Venture Fund Group, and Yokohama Ventures.

SquarePeg’s primary offering is an advanced recruitment platform that integrates with existing Applicant Tracking Systems (ATS) like Greenhouse, Lever, Workable, Ashby, and BambooHR. This platform extends the functionality of ATS solutions by providing features that address core challenges in the recruiting process, such as resume overload and ineffective candidate screening. By utilizing sophisticated algorithms, SquarePeg enhances the screening, enrichment, and sourcing processes, allowing recruiters to identify top applicants. The service is designed for a diverse client base that includes HR departments and recruitment agencies across various industries, primarily targeting markets in North America and Europe. Additionally, the company offers a standalone recruiting platform for employers who do not use an ATS, broadening its reach to potential clients who are looking for alternative solutions to optimize their hiring processes.

The company operates on a subscription-based revenue model, where clients pay for access to the platform and its features. This model typically includes tiered pricing plans that cater to different company sizes and recruitment needs, allowing for flexibility based on the scale of usage and features required.

The organization plans to use the September 2024 funding to support the development and launching of its evaluation platform.

## Funding rounds

- Seed, Jan 21, 2025, $3.5M — Next Frontier Capital, Bread & Butter Ventures, Acadian Ventures, Silicon Road Ventures, Loyal Venture Fund Group, Vitalize Venture Capital, FullCircle, Yokohama Ventures

## Investors

- Next Frontier Capital (https://capitalatlas.ai/funds/next-frontier-capital) — Seed
- Bread & Butter Ventures (https://capitalatlas.ai/funds/bread-butter-ventures) — Seed
- Acadian Ventures (https://capitalatlas.ai/funds/acadian-ventures) — Seed
- Silicon Road Ventures (https://capitalatlas.ai/funds/silicon-road-ventures) — Seed
- Loyal Venture Fund Group (https://capitalatlas.ai/funds/loyal-venture-fund-group) — Seed
- Vitalize Venture Capital (https://capitalatlas.ai/funds/vitalize-venture-capital) — Seed
- FullCircle (https://capitalatlas.ai/funds/fullcircle) — Seed
- Yokohama Ventures — Seed