Recruiting platform Ashby announces $30M funding round

Categories
Uncategorized

Recruiting platform Ashby announced a $30 million series C funding round on June 3, and co-founder and CEO Benjamin Encz provided an update on the deal in a blog post .

The company, which had its public launch in September 2022, says it combines ATS functionality, interview scheduling, CRM and sourcing and analytics. It has raised approximately $70 million to date.

“We had planned this round for later in the year but were presented with strong offers earlier than expected that provided a healthy up-round from our series B,” Encz wrote.

The round was led by individual investor Lachy Groom, who also led the company’s series C round. Also taking part in the round were existing investors Elad Gil, F-Prime and Y Combinator.

“It’s been amazing to see Ashby’s growth and product velocity in the last few years,” Groom said. “Despite a tricky market, Ashby has 6x’d the business since the series B and has garnered a lot of love from customers in a space that historically had really low NPS.”

Ashby plans to use proceeds from the series C round to continue investing in product development and enterprise expansion.

The company has more than 1,300 customers. It works with firms from startups to enterprise businesses.

Ashby previously announced a $21.5 million series B funding round in September 2022. That round was led by F-Prime Capital.