Datapeople Lands $13M in Series A Funding, Accelerating the Path Towards Data-Driven Talent Acquisition
Datapeople, a technology firm transforming the talent acquisition sector with data-driven tools, has secured $13M in a Series A funding round. The funding will accelerate the development of their analytics suite designed to tackle critical recruitment process questions and further the mission to empower Talent Acquisition teams. Despite challenging market conditions, the significantly oversubscribed round signifies robust growth and validates Datapeople’s mission to improve hiring processes and outcomes.
The talent acquisition technology firm, Datapeople, has announced that it has raised $13 million in Series A funding. The round was led by GreatPoint Ventures and New Markets Venture Partners and saw participation from earlier investors First Round Capital, Nextview Ventures, and Uncork Capital, as well as two operator syndicates, Gaingels and FOG Ventures. This marks a significant milestone in the company’s journey to reshape hiring processes with a robust, data-driven approach.
Datapeople was born from the founders’ experiences across various sectors and geographies, observing firsthand the frustrations and inefficiencies of the hiring process. They identified a considerable gap in the talent acquisition field, where decisions were often based on anecdotal information rather than solid data. Determined to solve this problem, the team spent years understanding the industry and building tools that brought much-needed data and insights to talent acquisition processes.
Their initial offering, Datapeople Editor, was launched in 2018. This tool brought clarity and collaboration to one of the most cumbersome aspects of hiring – the job post. Despite its simplicity, the product quickly gained traction with a diverse customer base ranging from early-stage tech startups to Fortune 500 companies, and NGOs to government organizations across 80 countries.
Building on this success, the company has grown substantially, with over 10,000 users editing 170,000 jobs on the Datapeople platform. They have leveraged their unique data sets to offer industry benchmarks, like their Tech Hiring Report, and original research on the impact of DEI statements. Recently, they have launched Datapeople Anywhere, a feature designed to make their tools accessible regardless of where their users work.
This summer, Datapeople plans to launch an advanced analytics suite designed to answer critical recruiting questions, such as identifying non-compliant job posts, understanding where candidates drop off in the recruitment funnel, and assessing the diversity of candidate pools.
The company’s mission, to empower Talent Acquisition teams to become strategic partners within their organizations, is more crucial than ever given the current market turbulence. They aim to provide the tools that HR professionals need to successfully navigate tight labor markets, the impacts of the pandemic, the return-to-office process, and new regulations such as pay transparency laws.
This latest funding round validates not only the robust growth of the Datapeople platform, but also the broader thesis that talent acquisition teams deserve better, more targeted tools to improve the hiring process. Despite a challenging venture market, the significantly oversubscribed round demonstrates that resilient businesses with strong ideas can still flourish.
With this capital injection, Datapeople is poised to further transform talent acquisition. It aims to create a level playing field within hiring organizations, ensuring that Talent Acquisition gets the recognition it deserves as a strategic partner in the organizational structure. As Datapeople continues to grow, it looks set to challenge the status quo of talent acquisition and reshape the future of hiring.
