TechInvest News

Online Marketplace Transforming $456BN Recruitment Industry - TechInvest Magazine Online

Written by Ben Hutt | Nov 17, 2016 2:36:25 AM

Search Party is redefining how companies all over the world hire people. Our recruitment marketplace has millions of professionals represented by over 1,500 recruiters. By connecting employers with recruiters and the candidates they represent, we make hiring staff easier, faster and more profitable for everyone involved. We take the work out of recruitment.

The result? Employers hire in 17 days on average, compared to industry standard of 60+ days.

Recruitment is a $456Bn global industry that’s ripe for innovation. Launched in 2014, Search Party is a recruitment marketplace that connects employers, recruiters, and their candidates through a single platform.

Based on our current positive progress and momentum, we now believe it is reasonable to target 150 placements per month (PPM) by end of Q1 2017, 250 PPM by mid 2017, 500 PPM by end 2017 and 5,000-10,000 PPM within the next 2-3 years. At 10,000 placements per month this would imply annual gross revenue of $450m and annual net revenue of $90m and would make us a very valuable business indeed — Ben Hutt, CEO & MD

What makes us special

  • 4 years of data science & engineering addressing unique complexities to enable global scale and insight
  • Businesses operating in UK, Canada, Australia
  • Only platform to make hiring quick, easy and affordable for SME’s and big corporates alike

Looking ahead

  • Acceleration in development and marketing to capitalise on momentum
  • Fully underwritted $4m bonus 10c options (1st Dec 16 record date)
  • Global expansion in USA and Asia (2017)