NEW YORK, Oct. 16, 2018 /PRNewswire-PRWeb/ -- ConveyIQ, the leading provider of enterprise Talent Communication and recruiting automation software, today announced it has closed $5.5 million in funding led by SC Ventures, with participation from existing investors 3TS Capital Partners, StarVest Partners and other current investors. The funding will help drive ConveyIQ's leadership position and rapid adoption by fueling sales & marketing, new product expansion and the partner ecosystem.
Over 140 enterprises leverage ConveyIQ to automate recruiting operations and yield dramatically improved candidate engagement, speed to hire and talent quality, while optimizing their large and growing investments in candidate sourcing. These strategic results can be achieved solely through the Company's Applicant Communication Studio, since ConveyIQ provides the only integrated suite of candidate communication, automated scheduling and digital interviewing management products in the market. The Company has tripled revenue over the past three years. ConveyIQ has common customers and close integration partnerships with key HR incumbents including IBM/Kenexa, Oracle/Taleo, Greenhouse, and iCIMS.
"The growth of our customer base is a testament to the value communicating with talent delivers to enterprise clients, from Kaplan, Lush, Proscribe, and Dentsu Aegis, to Warby Parker and HubSpot. We are thrilled to have a SC Ventures as a co-investor alongside our existing backers for the next leg our exciting journey," said Danielle Weinblatt, ConveyIQ's founder and CEO.
In conjunction with the financing, ConveyIQ added Larry Murff as COO to lead finance, client support and sales/marketing operations. Larry comes with a long track record of executive level experience from companies including Quantcast, Sprinklr and BazaarVoice.
"ConveyIQ's management is demonstrating an impressive level of understanding of the HR market dynamics and has been able to define a very clear vision for the company's future growth. I firmly believe ConveyIQ will transform the way best employers communicate, source and attract top talent, which makes us extremely excited to have the opportunity to be a part of this expansion", said Jan Kobler, Managing Partner of SC Ventures, who joins ConveyIQ's Board of Directors. Sever Totia, Partner with 3TS Capital Partners and ConveyIQ director added, "the Company's leadership position, growth and impressive customer roster reflect our thesis that recruiting, one of the large segments in HR, has a critical need for and is adopting automation, in order to improve speed and talent quality in the highly competitive candidate sourcing market."
ConveyIQ is establishing a leading position in the new and rapidly growing Talent Communication market, by providing a unique, integrated communications suite, scheduling and digital interviewing platform that helps automate recruiting operations end-to-end. Over 140 enterprises rely on ConveyIQ to engage candidates quickly, attract high quality talent and hire dramatically faster.
About SC Ventures
South Central Ventures is an early to growth stage venture firm with offices in South East Europe. The firm focuses on investing in companies operating in SaaS, mobile, IoT, HealthTech, FinTech, mobile and digital media sectors.