Workable, a startup founded in Athens, Greece, that has developed a cloud-based recruitment platform for SMEs, has today confirmed a new investment of $1.5 million led by Greylock IL, the Israel/UK-based affiliate of Greylock Partners, an early investor in LinkedIn which now counts LinkedIn co-founder Reid Hoffman as a partner. Previously, Workable had raised some $950,000 from individuals and the Greek seed investors Openfund, with the latter also participating in this round.
Online job application platforms (aka, where career dreams go to die) are challenging. Candidates hate them, employers can’t use them, and everyone ends up blaming each other for the hiccups. European recruiting player Workable just received $1.5 million to help it make recruiting a smoother ride for everyone involved. Greylock IL led the round, which now brings Workable to a total of $2.45 million in funding. The company had previously picked up $950,000 in seed funding from Jeremie Openfund II and other investors. In a $14 billion human resources tech market, Workable is putting all its efforts into making sure its product takes a bite out of as much of the apple as possible.