Crosschq, the Modern cloud-based, data-driven recruiting software powered by Human Intelligence Hiring™, announced a $13 million Series A round led by Tiger Global Management, with participation from returning investors GGV Capital, Bessemer Venture Partners, Slack Fund, SAP, Intersect Capital, and Rocketship. VC.
A list of purpose-driven investors who believe in equal chance hiring has also been introduced to its investment team. Getting involved Warriors of Golden State Klay Thompson, NBA All-Star and three-time World Champion, NBA All-Stars Khris Middleton, Aaron Gordon, and Isaiah Thomas, PGA Pro Cameron Champ, MLB All-Star Nolan Arenado of the St. Louis Cardinals, and Seattle Seahawks DK Metc, NFL All-Pro
Crosschq’s CEO and Co-Founder, Mike Fitzsimmons, commented that they have attracted such a fantastic investor community is a critical sign that they are onto something significant in the quest to disrupt the $74 billion hiring industry. Crosschq will use the funds to improve its data analytics, which allows businesses to monitor and assess the efficiency of their hires. It will also consume the funds to strengthen its ML/AI, Go-To-Market, and Development departments and expand alliances and promote diversity in recruiting practices across all sectors and sizes.
Klay Thompson of the Golden State Warriors stated that everyone deserves the chance to realize their dream. He added that it could come down to being a hard worker, persevering, and a fantastic team player. He expressed his gratitude for being part of Crosschq’s mission to support all people looking for their next best job level on the playing field.
Crosschq’s core engine consists of three modules that work together to help businesses better source, screen, and onboard talent, as well as a wholly connected analytics suite that provides on-demand access to the actual quality of hire data. Crosschq, which has over 125 active companies and collaborations with HR networks such as SAP, Workday, and Greenhouse, boosts recruiting productivity and the quality of hire for its customers.
According to recent case studies, Crosschq increases retention by 40% for recruits in their first year of jobs, increases recruiting from underrepresented groups by 32%, and decreases time spent performing reference checks by up to 95%.
Tiger Global Partner John Curtius said Crosschq first caught the attention because they’ve developed a technology solution that offers previously untapped sources of candidate intelligence and data. However, they were pleased when they saw the analytics that showed substantial improvements in quality of hire and diversity recruiting for its customers and got excited to be a part of their next step of development.
About Tiger Global Management
With more than $60 billion under administration, Tiger Global Management, LLC is a leading global technology investment company. The company specializes in internet, software, consumer, and financial technology businesses, both private and public. Tiger Global has invested in hundreds of businesses in over 30 countries since 2001, with investments ranging from Series A to pre-IPO.
For more information, visit https://www.tigerglobal.com
About Crosschq
In our key focus areas, the company looks to partner with innovative entrepreneurs running market-leading businesses. JD.com, UiPath, Stripe, Databricks, Bytedance, Snowflake, Facebook, Alibaba, Procore, Chime, Blend, Peloton, Attentive, Linkedin, Flipkart, and Toast are among Tiger Global’s investments.
For more information https://crosschq.com
