Reshaping the hiring process: FOUND secures fresh capital to fuel growth

Finding a job can be a daunting task. Candidates spend hours browsing job boards, crafting their resume and cover letter, and preparing for interviews. And even after all that, they may not get the job they want. On the other hand, hiring the right talent can be equally challenging. Companies have to examine hundreds of applications, conduct multiple rounds of interviews, and decide based on limited information. Despite the long process, the selected candidate may not be the right fit.

The newly launched platform FOUND is transforming the hiring process using a different approach that leverages Artificial Intelligence matching technology and data-driven insights. Instead of talent applying to companies, employers access the FOUND community of pre-assessed top talent, get matched to those that perfectly fit their criteria and then video pitch to those they are most interested in. This way, the platform provides a faster, more efficient, and unbiased alternative for employers to find quality talent and for talent to access opportunities.

Found was incorporated in October 2022, and since the go-live in March this year, the platform has attracted more than 700 top talent and 70 fast-growing startups/scaleups such as Calingo, Loanboox, Properti and Starmind, enabling the startup to establish a strong presence in the Swiss market. Following this successful launch and the closing of its seed financing round, FOUND is braced for the next phase. The startup will use the proceeds to scale operations in Switzerland and enter new markets.

Ranjit De Sousa, co-founder of FOUND and seasoned leader of global talent businesses, commented: “We are thrilled to have secured this round of funding, which underscores investors’ confidence in our vision and team. Our mission is to disrupt the traditional recruitment model, which has not kept pace with the changing world of work and revolutionise how companies find talent. This investment will enable us to further scale our operations rapidly.”

Nikolaus Delius, Partner at arc investors, which invested in the startup says, “Workforce trends over the past years, combined with recent market and tech accelerators, are driving substantial growth in the adoption of work tech. Positioned to spearhead a transformation in recruitment, FOUND is altering and redefining how employers and talent come together. FOUND’s early achievements in Switzerland support our thesis of an increasing need for such innovative, tech-driven solutions to tackle talent-related challenges.”

Alongside arc investors, FOUND received support from strategic partners whose names remain undisclosed.

(Press release/RAN)