SA recruitment startup, Giraffe secures Silicon Valley funding

04.14.16_technewsrprt_regina-timothy_seedstar

South African online recruitment startup, Giraffe, has announced it has raised funds from a Silicon Valley investor in a seed funding round from the Omidyar Network, founded and run by Pierre Omidyar, the man who founded eBay.

The funds will be used to support the expansion of Giraffe’s platform and to help it scale in order to reach broader positive impact in South Africa.

Giraffe uses an intelligent matching algorithm to source, screen, and schedule interviews with qualified candidates, contacting them via SMS — all within 48 hours from the initial request and for a fraction of the cost of other recruitment services.

Last month, Giraffe was crowned the Seedstars Global World winner for 2015, beating out 63 other competitors from around the world and walking away with $500 000 (R7.2 million) in equity investment.

Some of the Seedstars money will now be used to contribute to the seed investment round, Giraffe said.

Since launching its service in Johannesburg in February 2015, Giraffe has attracted over 90 000 jobseekers and has scheduled several thousand candidates for interview, primarily for permanent jobs in retail, call centre, transportation, and administrative services.

Founded in 2004, Silicon Valley-based Omidyar Network is an investment firm targeting tech-based businesses in consumer internet and mobile, education, financial inclusion, governance and citizen engagement, and property rights..

“Omidyar Network’s focus on job creation and particular expertise in marketplace networks makes them an excellent strategic fit for Giraffe,” said Giraffe CEO and co-founder Anish Shivdasani in a statement.

“Giraffe is filling a critical gap within the South African job market, which is helping medium-skilled jobseekers connect with potential employers, and doing it with a technology-enabled platform that brings intelligence and efficiency to the process,” Omidyar Network’s Charmaine Padayachy, said in a statement. “We are thrilled to support the expansion of Giraffe’s platform and looking forward to helping it scale to reach broader positive impact in the country.”

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