High Alpha Capital and Grand Ventures led the raise, with participation from new strategic investor Engage venture fund and Silicon Valley Bank.
CHARLESTON, SC, May 15, 2019 – ENGAGE Talent has raised $3.5 million to accelerate the innovation and scaling of its groundbreaking AI Talent Intelligence technology that powers both the recruitment and retention of key talent.
High Alpha Capital and Grand Ventures led the raise, with participation from other existing investors, new strategic investor Engage venture fund, and Silicon Valley Bank. The funds come from a mix of equity and debt. With this recent raise, the total investment in the company has reached $10M.
“We’re thrilled to support ENGAGE Talent’s continued growth and innovation,” High Alpha partner Eric Tobias said. “Employers everywhere know that their ability to recruit and retain talent in today’s extraordinarily competitive labor market directly impacts their ability to be successful as businesses.”
“The ENGAGE Talent recruitment and engagement engine gives customers a tremendous advantage in that effort,” added Grand Ventures partner Tim Streit. “Given what the ENGAGE team has achieved to date, we’re excited to see the coming product innovations that will provide even more value to customers.”
ENGAGE Talent listens to more than 30,000 data sources and processes more than a billion data points monthly to map and predict people movement—empowering it to provide unrivaled talent acquisition and retention insights and recommendations. Customers like Allstate, Dell, Transamerica, and Harris Healthcare experience quantifiable improvements, such as 200 to 700 percent increases in candidate engagement rates.
“Talent data and analytics have become essential competitive differentiators, and will only become more important and valuable over time,” ENGAGE Talent CEO Joseph Hanna said. “They are the lifeblood of the modern talent management organization—one that is able to link talent efforts to business outcomes. We’re committed to providing our customers with the absolute best and most useful talent data, analytics and actionable insights to drive the outstanding recruiting and retention results that they need to thrive.”
About ENGAGE Talent
ENGAGE, the world’s first AI-Powered Talent Data and Intelligence platform, provides the most complete and trusted view of the talent market. Our approach marries proprietary data and algorithms with listening to more than 30,000 external sources to help companies around the world uncover what’s happening now in their talent ecosystem, predict what will happen next, and act on this knowledge to better recruit, engage and retain top talent.
ENGAGE provides data analytics and predictions based on scientific rigor and innovation, and continually develops new ways to solve critical talent acquisition and retention challenges, including predicting the likelihood that people are open to changing jobs and forecasting the talent retention risk of a company.
For more information about ENGAGE Talent, please visit http://www.engagetalent.com.
About High Alpha Capital
High Alpha is a leading venture studio focused on building next-generation enterprise cloud companies through a new model for entrepreneurship that unites company building and venture capital. The High Alpha team partners with entrepreneurs, to conceive, launch and scale new software companies. For more information: highalpha.com or on Twitter at @highalpha.
About Grand Ventures
Grand Ventures, based in Grand Rapids, Mich., provides early-stage capital and strategic support to entrepreneurs building world-changing technology companies for agriculture, manufacturing, transportation, and other global industries with strong Midwest presence. For more information, see www.grandvcp.com.
About Silicon Valley Bank
For more than 35 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com.
About Engage venture fund
Engage is a venture fund and platform that gives entrepreneurs what they need most — customers and market access. The Engage partners contributing capital, expertise, time, and resources include AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia-Pacific, Georgia Power Foundation, Inc., The Goldman Sachs Group, Inc., Intercontinental Exchange (ICE), Invesco Ltd., Tech Square Ventures, The Home Depot and UPS. These corporate partners, along with the Georgia Institute of Technology’s Advanced Technology Development Center (ATDC) and Tech Square Ventures, provide tools, portfolio support, and resources to companies on the platform. Engage is headquartered in Georgia Tech’s Technology Square. For more information, visit engage.vc.