Crosschq Announces New Investment Round

Crosschq Announces New Investment Round

SAN FRANCISCO, July 21, 2020 /PRNewswire/ — Crosschq, pioneers of a new software category for the recruiting industry called Human Intelligence Hiring, announced today a new round of financing that includes investment from Tiger Global Management and Rocketship.vc. This latest round comes immediately following a strategic financing from Slack and SAP.iO in June which also included re-investment from GGV Capital and Bessemer Ventures.

“We are proud to be partnering with these two great firms as we enter the next phase of our growth,” said Mike Fitzsimmons, CEO of Crosschq. “If we have learned anything from the last several months, it is that the future of work is ripe for disruption. Our use of human intelligence is becoming a foundational element of modern company building.”

Crosschq brings speed, efficiency, accuracy, transparency and accountability to the obsolete, manual process of vetting new job candidates. The new investment comes as Crosschq crosses the 100 customer milestone with customers including Dish, NBA, Upwork, Snowflake, NerdWallet and Glassdoor using the platform to enhance recruiting and make better hires.

“SAP strongly believes that the future of work is inclusive and diverse, and that starts with removing biases in the candidate experience,” said Ram Jambunathan, SAP senior vice president at and managing director of SAP.iO. “Crosschq will bring increased objectivity and consistency to the candidate reference checking process, thereby improving outcomes for both candidates and SAP customers.”

Crosschq will use the new cash injection to strengthen its core product, grow its team, expand partnerships and focus on building out additional data and analytics capabilities.

“The team at Rocketship got excited when we realized how insightful Crosschq’s data is in predicting new hire success,” added Anand Rajaraman, co-founder and partner Rocketship.vc and a pioneer in data science. “Over time, this data-driven approach to hiring has the ability to fundamentally transform the $74B recruiting industry.”

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