TikTok is testing a recruitment tool, according to one report. ZipRecruiter Inc. scheduled its initial public offering. Funding rounds were announced by a firm that provides a talent marketplace and an anonymous forum for workers to discuss issues, a company offering banking services to freelancers, and a firm that provides a workforce management platform for hourly workers.
Tiktok
Social media platform TikTok is testing a tool to help companies recruit employees, Axios reported citing sources. The service is in beta right now with a small group of companies. It enables users to post a TikTok video résumé rather than a traditional résumé. It won’t be integrated within TikTok but will be a separate web page, according to Axios.
ZipRecruiter
Jobs website ZipRecruiter Inc. has scheduled its initial public offering for May 26, Renaissance Capital reported. The company plans to sell up to 86.6 million class A shares.
In its filing, the Santa Monica, California-based company reported it has served more than 2.8 million employers and more than 110 million job seekers.
ZipRecruiter had revenue of $418.1 million in 2020 and revenue of $125.4 million in the first quarter of this year.
Net income for 2020 was $63.0 million while net income for the first quarter of this year was $9.5 million.
Blind
Blind, an app that provides an anonymous forum for workers to discuss issues as well as a talent marketplace called Talent by Blind, announced a $37 million series C funding round on Monday.
The San Francisco-based company says it has more than 5 million professionals on its platform, including workers from Amazon, Google and Facebook.
Leading the funding round were Mainstreet Investment with participation from Cisco Investment and Pavilion Capital. Returning investors include Storm Ventures and DCM Ventures.
Blind also announced Young Yuk will serve as chief product officer. Yuk is a former product executive at companies that include Intuit, Yelp and Glassdoor.
The company aims to monetize its platform with the recruitment offering Talent by Blind. It’s aimed at helping recruiters hire tech talent.
Lili
Lili, a mobile banking services provider for US freelancers, reported today a $55 million series B investment; the deal brings total funding to $80 million. The investment was led by Group 11, a Beverly Hills, California-based venture capital firm.
Services offered by Lili include expense management, tax preparation and no-fee accounts. The company says it has doubled its account base in the past six months.
“Becoming an entrepreneur or freelancer — your own boss — is one of the most exciting life decisions you can make,” Lili CEO Lilac Bar David said. “We’ve created the tools you need to spend more time building your venture and less time on things that historically your employer would handle, sorting expenses, managing financials, and filing taxes.”
The $55 million funding round will go toward new features related to invoice and payment management as well as expanding into credit products.
Lili was founded in 2018 and is based in New York.
Legion
Legion, a workforce management company for hourly workers that uses artificial intelligence, announced a $50 million series C funding round. Leading the funding found is growth equity firm Stripes.
Also taking part in the round were existing investors Norwest Venture Partners, First Round Capital, XYZ Ventures, Webb Investment Network and Dollar General.
The funding round announced today follows a $22 million series B round announced nine months ago and brings total funding to $85.5 million.
Legion’s artificial intelligence-powered platform enables employers to forecast labor demand, automate schedule and handle time and attendance. It also has an app where employees can share scheduling preferences, view upcoming shifts and swap shifts among other things.
The company said it has customers in 38 countries. It was founded by Sanish Mondkar, the former chief product officer of SAP and Ariba. Its customers include Cinemark, Six Flags and others. Legion is based in Redwood City, California.