Skillfully, a San Francisco, CA-based company specializing in simulation-driven hiring solutions, has raised $2.5 million in seed funding.
Investors
The round was led by Better Ventures, with participation from Silicon Valley Quad, American Student Assistance, Strada Education Foundation, FN Fund, and Inventus Capital Partners.
Better Ventures is a venture capital firm that invests in technology startups at the pre-seed and seed stages, with initial investments ranging from $500K to $1.5M and reserves for follow-on funding at Series A and beyond. Better Ventures is B-Corp certified and takes a hands-on approach to support founders in achieving key milestones, attracting high-quality investors, and leveraging their mission for competitive advantage.
Skillfully Use of Funds
The company will use the funding to extend its solutions, setting a new gold standard for skills-first employment across roles in professional services, sales, and staffing.
About Skillfully
Skillfully was founded on the belief that the current approach to finding, securing, and thriving in employment is fundamentally broken. The company aims to address the shortcomings of traditional resume-driven hiring practices. Skillfully offers AI-powered pre-hire simulations, enabling employers to assess candidates' skills beyond resumes. Its flagship product, HiredNow, provides fully customizable simulations that offer valuable insights into candidates' capabilities, resulting in significant improvements in hiring precision and cost savings.
Funding Details
Company: Skillful.ly, Inc.
Raised: $2.5M
Round: Seed Round
Funding Month: August 2024
Lead Investors: Better Ventures
Additional Investors: Silicon Valley Quad, American Student Assistance, Strada Education Foundation, FN Fund, Inventus Capital Partners
Company Website: https://www.skillful.ly/
Software Category: Skills-based Recruitment and Workforce Management
Source: https://www.skillful.ly/newsroom/skillfully-announces-seed-round