Candidate.Guru received a $300,000 investment from The Florida Institute for the Commercialization of Public Research, closing out its financing round at $1.1 million.
The Boca Raton-based startup developed its human resources software solution with technology developed at the Florida Institute for Human Machine and Cognition so it was eligible to apply for Florida Institute funding. The Florida Institute supports new company creation based on publicly-funded research, and bridges early funding gaps for companies spinning out of Florida-based universities and research institutions. To date, 65 Florida companies have been funded through the Institute, which makes matching investments up to $300,000; Candidate.Guru received the maximum.
Candidate.Guru developed a big-data software solution that can predict a culture fit between companies and prospective job candidates without the need for surveys and assessment tools. It was the winner of the Miami Herald Business Plan Challenge in 2016.
“Our customers can easily submit job candidates to Candidate.Guru via LinkedIn, job boards and human resource systems, and we then return them in rank order based on strength of the culture fit with a specific hiring manager, team or the company itself. This enables our customers to prioritize thousands of job candidates instantly and reach out to the best culture fits first,” Candidate.Guru CEO Chris Daniels said in the news release. Daniels, a former executive recruiter, founded the company in 2014.
“Candidate.Guru is improving the hiring process by enabling companies to hire the best candidates more efficiently, thereby increasing long-term employee productivity,” added Jackson Streeter, Florida Institute’s CEO.
The new funding extends Candidate.Guru’s previously reported round to $1.1 million, which also included funding by Florida angel groups The FAN Fund, Florida Funders and Miami Innovation Fund. Before that, Candidate.Guru raised about $475,000 from friends and family. The revenue-generating Candidate.Guru has more than 20 corporate customers.
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