eager for a career switch, you apply for your dream job
a recruiter contacts you, and so begins a messy and frustrating interview process
you spend a week emailing back and forth to schedule the first call
unsure of what to expect, you Google “top interview questions,” and stalk prospective interviewers on LinkedIn 👀
the post-interview radio silence leads you to apply elsewhere
weeks later, the recruiter reaches out to schedule the next round after having accepted another job 🤦🏻♀️
this week’s company improves the candidate experience by helping companies build transparency and retain potential talent
candidate.fyi is a candidate experience platform that enables talent teams to engage with candidates and track sentiment throughout the interview journey
platform: integrates with 30+ existing applicant tracking systems (ATS)
engage: a customizable portal allows companies to present personalized information to the candidate that updates throughout the process
track: automated feedback tools provide hiring teams with data on candidate engagement
bulleted version: similar to how Telehealth portals help healthcare providers improve communication with patients, candidate.fyi helps talent teams build transparency with interviewers 👨🏾💼
industry: HR tech
headquarters: New York City 🍎
year founded: 2023
company size: 4 employees
amount raised: $700k pre-seed
business model: b2b SaaS
early traction: publicly traded enterprise customers, usage doubling week over week, 10x increase in candidate response rates on survey tools
Sweater Ventures is proud to announce round two of Barnburner, the world’s largest CONSUMER pitch competition.
Imagine Shark Tank meets America’s Got Talent. Founders will compete to pitch on a live stage for a $500k investment from a panel of VCs, filmed in front of a live consumer audience, and premiered to a global consumer audience.
Your vote makes all the difference in deciding who makes it to the final stage. Vote here today through the Sweater app.
👨💻 market drivers: the growth of the $2b recruitment software market is driven by investment in technology that caters to virtual recruiting, improves user experience, and integrates with existing HR systems
in a study, 50% of applicants declined offers due to a poor candidate experience
💰 enterprise checks: by integrating with the enterprise customer’s existing recruitment software, the company builds a high annual contract value while eliminating switching costs and shortening sales cycles
👥 customer support: enterprise customers require significant time and resources, which could slow initial growth
📝 ATS innovation: as more ATSs prioritize the candidate experience, well-funded market leaders may pose competition
why candidate.fyi: by improving UI, automating candidate feedback, and integrating with existing systems, this company hits the pain points that hiring teams experience throughout the interview journey
🤑 fundraise alert: Valence Vibrations, a neurotech startup that provides communication tools to help interpret emotions, is raising a $500k pre-seed extension
🏦 SVB, explained: on Friday, Silicon Valley Bank, the bank for half of all venture-backed tech and life-science companies and 2,500+ investment firms, collapsed
during the pandemic, SVB invested funds into long-term bonds when interest rates were near zero
interest rates rose, bond prices fell, and SVB scrambled to raise capital after declaring a $1.8b after-tax loss
regulators will re-attempt to auction off the bank’s assets after Sunday’s failed auction
what do you think of candidate.fyi?
we want to hear from you!