Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

Career resource startup Zippia raises $8.5m in series A funding round

Career resource start-up Zippia announced today a Series A investment of $8.5 million led by E.ventures and with participation from existing shareholders such as MHS Capital, NextView Ventures and Correlation Ventures.

Zippia also announced that Thomas Gieselmann of E.ventures will join the company’s Board of Directors.

A San Mateo-based company, Zippia uses machine learning and data aggregation to create a personalised career map that helps job seekers understand career pathways in an innovative and comprehensive way.

“I have personally hired hundreds of people throughout my career and realised that, quite often, they neither know much about their career options nor how to change or advance their career”, said CEO and co-founder Henry Shao.

“While I try my best to mentor the people close to me, it was frustrating to know there are many underprivileged groups that don’t have access to mentors. I want to put all the available career information online so that we can help everyone achieve their career goals.”

The new investment brings the California startup’s overall capital raised to $12 million. According to the firm, the new funds will help Zippia to increase technology development, create a buildout of detailed company data and reviews and expand on new marketing efforts.

“We are excited to lead this funding round at Zippia,” said Thomas Gieselmann, co-founder and general partner of E.ventures.

“With Zippia, candidates have access to a ‘report card’ that finally gives them complete data-driven transparency into how an employer has jump-started, progressed and supported their employees’ careers.

“Zippia also makes employer data transparent, so the best talent can flock to the best opportunities. Both job seekers and companies benefit”, he explained.

Zippia was founded in 2015 by Henry Shao and Chris Kolmar, who met while working at Shao’s former company, Movoto. After Movoto’ acquisition by Recruit Holdings Co, Shao and Kolmar left the company to found Zippia.

With over 1 million visitors per month, the company has been growing steadily since its founding four years ago. In the past year alone, Zippia said, 6 million consumers and job seekers have visited their website to look for career information.

“The internet can answer almost any question out there: how to build a house, how to buy a car or how to find love”, Shao said. “But there is very little reliable guidance available online for choosing a career, despite it being one of the most important decisions of our lives.

“This is why we decided to build a platform that gives everybody the tools to find the career that is right for them”, he added.

Image via PXhere/mohamed hassan

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