Hired, earlier DeveloperAuction raised $15 M in Series A funding rounds led by Crosslink and Sierra Ventures with participation from SoftTech and Sherpa Ventures. The company founded in May 2012 has previously raised $2.7 million in seed funding from SoftTech, New Enterprise Associates, Google Ventures, Sierra Ventures, Crosslink Capital, and Haystack. CEO Matt Mickiewicz says the new funds will be used to build the Hired team and expand geographically, with launches set for Los Angeles, Boston, and Seattle this year.
Hired is basically a two-sided market place to meet the requirement of high-quality technology talent in business ventures and a multitude of work fields together with the best job opportunities. Out of 5000 participants, the site intakes an average of 230 new participants and connect them with 700+ leading companies, including mainstream companies such as OpenTable, Palantir, ClearSlide, Mixpanel, Klout, Lookout, and Twitter as well as leading early-stage startups. The company currently provides a platform to hire developers, UX/UI designers, product managers and data scientists in the Bay Area, NYC, Washington DC, Boston, Chicago, LA and Seattle.
Hired as a transparent and unbiased recruitment platform with offers appears sound for engineers, but with a future aim of broadening its span that welcomes professionals from all walks of life. As the team found that the name Developer Auction would shrink its span as it implies only engineers, the name was changed to Hired.
Hired is trying to reverse the way that in-house recruiters attract talented engineers. The top developers are listed for a period of time. During that time companies can bid on potential employees, letting them know upfront what they would be willing to pay a developer to join their team, including perks and signing bonuses, all before the two sit down for an interview. If they’re interested, the engineers can follow up for interviews and go through the normal hiring process. If a professional followed Hired and secured a job with a company, the employer pays Hired 15 percent of their base salary. That fee ends up being a little bit less than what a standard recruiting agency might charge at 20 to 25 percent. Creating a profile in a site is free, but only the top 150 developers would be appeared in the auction list, hence more competitive and the high breeds get hired first. The platform assures the genuinity, as this controls by regular monitoring which candidates to prevent the awkward situation where a current employer sees one of their engineers. Furthermore, Hired help the professional’s support with personal advocacy from the sign-in day to offer signing day.