Tech Company Financing Transactions
Searchlight Funding Round
Searchlight, based in San Francisco, secured $17 million from Founders Fund, Accel Partners and Kapor Capital.
Transaction Overview
Company Name
Announced On
1/4/2022
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Series A
Investors
Founders Fund (Lead Investor) (Keith Rabois)
Accel Partners (Daniel Levine)
Proceeds Purpose
With our latest funding round, we're announcing the launch of our new Searchlight Talent Intelligence platform that gives companies the ability to improve quality of hire.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
785 Market St.
San Francisco, CA 94013
USA
San Francisco, CA 94013
USA
Phone
Website
Email Address
Overview
After talking to hundreds of people and talent leaders, we learned that 80% of hiring decisions come down to gut instinct and 89% of mis-hires result from a lack of behavioral fit. Soft skills are also the most difficult to assess with existing hiring processes. We need better signals to increase the predictive validity of interview processes.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kerry Wang
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