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The Sydney Angels invest in artificial intelligence-fueled recruiting startup

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Sourcr, Australian AI-fueled recruitment disruptor, has recently announced the successful acquirement of $310,000 in funding by the Sydney Angels and its Sidecar Fund2.

Sourcr, which launched in beta mid-2017 and released its first product earlier this year, is an online platform that connects businesses with pre-vetted, high-end specialist recruiters.

The $310,000 seed round will be used to add technology, sales, and marketing talent.

Sydney Angels, a leading investor group owned and run by its 100 plus members, and its Sidecar Fund2 has just put money into recruitment platform Sourcr.

The startup is an AI-enabled online platform that connects businesses with pre-vetted, high-end specialist recruiters with a track record in specific industries and roles.

The platform uses an advanced algorithm based on performance metrics, reviews, and testimonials to promote engagements that best fit recruiters’ needs.

The $310,000 seed round will be used to add technology, sales, and marketing talent to the team, accelerate growth, and continue product development, with plans to spread nationwide over the next 18 months and develop a machine learning capability within the algorithm.

Daniel Tillett, the lead Sydney Angels investor on the deal, says Sourcr’s team is tackling an enormous problem.

“All businesses try to keep costs down but still need high-quality staff, which can lead to recruiters over-promising but under-delivering — in the end, everyone is unhappy,” says Tillett.

Read more here.

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