This pitch deck won recruitment startup CodeSignal the backing of Uber investor Menlo Ventures in a $25 million funding round
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- Recruitment platform CodeSignal just raised $25 million in a Series B funding round backed by Menlo Ventures.
- Founded in 2014, CodeSignal offers clients online computing challenges to test both in-house and incoming talent.
- CEO Tigran Sloyan said the usual methods of recruitment were “failing everyone” while the COVID-19 pandemic had accelerated digital transformation.
- We got an exclusive look at the pitch deck CodeSignal used to bring investors on board.
- Visit Business Insider’s homepage for more stories.
CodeSignal, the online assessment platform for technical talent, just raised $25 million in a Series B funding round backed by early Uber investors Menlo Ventures.
The firm is working to disrupt the recruitment industry, which is thought to be worth close to $200 billion in the US alone, according to experts. Leading tech firms such as Zoom, Instacart, and Robinhood count themselves among CodeSignal’s clientele.
“The pandemic has further accelerated the digital transformation that has been happening over the past few decades leading to a sharp increase in demand for developer talent,” said Tigran Sloyan, CEO of CodeSignal, adding that standard methods of recruitment were “failing everyone”.
“Highly qualified candidates are suffering because they get locked behind their resumes, recruiters are suffering because they spend time with unqualified candidates, and engineering managers feel the burden of spending countless hours on interviews that lead nowhere,” he added.
As well as Menlo, the firm also received funding from Capital One Ventures, CM Ventures, Human Capital, TripHammer Ventures (Alumni Ventures Group) as well as existing investors such as e.ventures, A Capital, Felicis Ventures and Correlation Ventures.
Business Insider got an exclusive look at the pitch deck CodeSignals used to bring investors on board. Check it out below: