Boston-based Workable Inc has raised $50 million in a Series C round of funding, bringing the company’s lifetime investment to $84 million.The latest funding was led by Zouk Capital, a London-based private equity firm, with participation from existing investors 83North, Notion and Balderton Capital.
Workable’s software helps small and midsize businesses hire more efficiently by automating parts of the candidate sourcing and screening process. They combine corporate hiring data and personal data vacuumed from online sources by predictive algorithms to recommend candidates that seem like a good fit for a particular position
The company has recently moved to a new headquarters at 99 High Street with room for about 150 employees. With the help of the new funding, Workable hopes to expand the marketing, sales and customer support teams.