Moncton’s Qimple raises $1.1 million in seed funding
With a mission to humanize online hiring by improving the way job seekers and employers interact, HR software company Qimple today announced that it has raised $1.1 million in seed funding.
The round, led by the New Brunswick Innovation Foundation with participation from Green Century Investment, will help the Moncton-based firm grow its team and continue to grow its platform.
Qimple is backed by 500 Startups. To date, it has raised $1.6 million and is nearing $1 million in revenue since launch in 2015.
“Qimple understands the issues with online hiring and knows exactly what needs to happen to make it a better experience”, said company Co-Founder and CEO Yves Boudreau in a statement. “The team respects that job searching can be a very emotional experience with feelings of stress, frustration and sadness.”
“Our platform boosts job-seeker self-esteem and we’re proud to say that we receive daily positive feedback from job seekers on how rewarding and empowering the application experience is for them,” added Boudreau. “Job seekers who are upbeat and optimistic perform better in interviews, are more likely to receive offers, and enter jobs ready to help their teams succeed. We’re proud of the role we play in that.”
Some of the company’s clients such as, Audiobooks.com and CareGuide were so impressed with the results they achieved that they personally invested in the hiring software solution. “I was so impressed with Qimple’s performance for Audiobooks.com’s hiring needs that I decided to invest personally in the company,” said a statement from Sanjay Singhal, the Canadian Venture Partner for 500 Startups and Founder of Audiobooks.com.
Read more about Qimple’s latest funding round here.
LaBarge Weinstein acted as counsel to Qimple with a team that included Colin Wrynn and Sam Gregg-Wallace.