Take the Interview Secures $5M in Series B Funding
NEW YORK, NY (PRWEB) May 23, 2016 -- Take the Interview (TTI), providers of cloud-based interview management solutions, announced today that it has raised $5 million in Series B funding led by 3TS Capital Partners, one of the leading European technology growth capital investors. TTI’s previous investors, StarVest Partners and Rittenhouse Ventures, also participated in the round. Pekka Maki, Managing Partner at 3TS Capital Partners, will join Take the Interview’s Board of Directors. With the investment, TTI will continue to build out its technology platform, enhance its integrations with other HR solutions and fuel further expansion.
TTI’s platform helps organizations hire better talent faster by focusing on the interview process and all of the screening and touch points during the hiring continuum. The platform enables candidates to showcase their skills and experience utilizing a digital platform and provides hiring managers the ability to evaluate candidates beyond video functionality. TTI was founded in 2012 by Danielle Weinblatt who launched the Company when she was a student at Harvard Business School. The Company currently has one of its offices in Belgrade, Serbia with headquarters in New York City, NY, USA.
“TTI solves some of the most pressing recruiting problems by improving candidate experience and providing talent acquisition teams with process intelligence to reduce their likelihood of making a bad hire. HR tech is entering its next phase of development and we believe TTI is very well positioned to grow further with its innovative platform and robust value proposition,” said Pekka Maki. “We are impressed by the strong leadership and are very excited to be partners with them.”
This round of funding is the largest secured by TTI to date and follows the strong sales momentum and renewals for the Company. “This investment will help us accelerate our business as we continue to expand our client base and product offerings. 3TS’ expertise and hands on support will be crucial for our growth and expansion into Europe. We are thrilled to have 3TS on board and to receive continued support from our existing investors,” said Danielle Weinblatt, Co-founder and CEO of Take the Interview.
About Take the Interview:
Take the Interview (TTI) is a talent acquisition partner and SaaS provider that helps organizations hire better talent, faster. The all-in-one enterprise solution includes digital interviewing, workflow solutions to eliminate coordination challenges and analytics to help drive an optimal interview process. TTI has built and continues to innovate on the only platform that holistically solves challenges associated with interviewing. Learn more at http://www.taketheinterview.com.
About 3TS Capital Partners:
3TS Capital Partners is one of the leading European technology focused private equity and venture capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. Investors in the current and past 3TS funds totaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others. For further information, please visit http://www.3tscapital.com.
About Rittenhouse Ventures:
Rittenhouse Ventures is an emerging growth venture fund focused on innovative software solutions that power enterprises in healthcare, life sciences, financial services, human resources and general business services. Based in Philadelphia and investing across the Mid-Atlantic, Rittenhouse Ventures builds long-term partnerships with entrepreneurs, leveraging an extensive professional network in the region. Learn more at http://www.rittenhouseventures.com.
About StarVest Partners:
StarVest Partners is a New York-based venture capital firm investing in the growth of technology-enabled business services companies in the U.S. With $400M+ under management, the firm targets emerging cloud-based technology service providers in the data & analytics, marketing, eCommerce enablement, financial services and human capital management sectors. A software-as-a service pioneer since the late 1990s, StarVest was the sole venture firm to invest in NetSuite in 2000 and other sector leaders include MessageOne, acquired by Dell computer; Connected Corporation, acquired by Iron Mountain; iCrossing acquired by Hearst; Insurance.com, acquired by QuinStreet; and Fieldglass acquired by SAP for $1B. StarVest continues to expand its portfolio with investments such as AppDirect, Host Analytics, Persado, RetailNext and Veracode among others. More information is available at http://www.starvestpartners.com.
Media Contacts:
Michelle Spagnoli, Marketing & Communications, Take the Interview
Elbruz Yılmaz, Investment Director, 3TS Capital Partners
Michelle Spagnoli, Take the Interview, +1 (201) 248-3625, [email protected]
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