Evolv gets $15 million in funding

Evolv On-Demand, provider of science-based, on-demand talent matching and talent intelligence solutions, has secured $15 million, led by GGV Capital with Khosla Ventures and Lightspeed Venture Partners.

To date the company has raised $26.7 million.

According to tech blog Techcrunch, Evolv said the new capital will be used to accelerate the company’s expansion into new global markets, develop new products and for sales and marketing efforts.

Evolv’s Software-as-a-Service platform utilizes a web-based selection and assessment process to match employers and employees, calibrating its selection algorithms using actual on-the-job employee data for every previous applicant hired through the platform.

The San Francisco-based startup claims that clients using its platform can reduce employee attrition by 20-30%, improve hourly employee productivity metrics by 5-10%, and improve annual operating margins by over 20%.

Back in January Evolv announced that Laszlo Bock, global Head of Human Resources of Google, joined the company’s board of directors.

“Evolv to me is clearly one of the most innovative companies around,” said Bock. “The scientific, data-driven and analytical approach that they bring to creating actionable intelligence around talent aligns strongly with my passion for applying analytics to critical human capital decisions. The results that I’ve seen from Evolv are game changing. I look forward to joining this dynamic team and to working closely with Max and the board to help Evolv expand their reach across the global talent landscape.”


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