AUSTIN, Texas — Loxo, a talent intelligence platform and recruiting software company, today announced its closing of a growth investment led by Tritium Partners, a private equity firm focused on partnering with talented founders with the goal of building market leading companies. This significant investment ($115M) will enable Loxo to expand its market reach and further its advantage as an AI-powered recruiting platform.
Loxo is a horizontally integrated suite of data-driven and AI-powered products designed to manage the full recruitment life cycle through a single system-of-record software platform. Based on market research Tritium Partners commissioned from a global independent consulting firm, recruiters in both the US and UK rated Loxo with the highest net promoter score among the largest Applicant Tracking Systems (ATS) and also ranked the company first in AI-driven features, user experience, and ease of implementation.
“This significant growth investment from Tritium Partners marks a transformative moment for Loxo, validating our vision and enabling us to push the boundaries of what’s possible in system-of-record recruiting platforms,” said Matt Chambers, CEO of Loxo. “The partnership should help us accelerate our mission to deliver the best AI-powered talent intelligence platform in the market, increasing the speed at which we are able to deliver innovative products for our customers.”
Chris Steiner, Partner with Tritium Partners, said, “We view Loxo as a true innovator in this space and believe the company is well positioned to meet the growing demand for intelligent hiring solutions. We are excited to partner with Matt and the team to seize this opportunity and propel the company into its next phase of growth.”
Loxo also announced that Paul Bartlett will join the company as Executive Chairman to help guide Loxo’s expansion plans. Mr. Bartlett has spent more than 20 years creating and building technology companies focused on enterprise solutions. He most recently served as CEO of CloudPay, a global end-to-end payroll and payment solution.
“I am thrilled to join Loxo and work with the team in striving to provide the most user-friendly AI-powered tools for recruiters across the globe,” said Mr. Bartlett. “The industry is evolving rapidly with the adoption of AI and its ability to enhance and improve workflows, assessments, and talent interactions.”
About Loxo
Loxo is a talent intelligence platform and recruiting software company, with a horizontally integrated suite of data-driven and AI-powered products designed to manage the full recruitment life cycle through a single system-of-record software platform. The platform includes an ATS, an AI-driven Recruiting CRM, search engine of over 750 million people, with contact information including personal and work. The instant AI sourcing, ranking and matching, and multi-channel outbound recruiting solution simplifies the process of identifying, engaging and hiring the very best possible talent.
About Tritium Partners
Founded in 2013, Tritium Partners is a private equity firm focused on technology and services companies with exceptional growth potential. With nearly $1.5 billion of committed capital raised, Tritium actively partners with talented founders and executives to strive to build market-leading companies through high-growth strategies, while maintaining capital efficiency. Tritium’s approach emphasizes creating long-term value through both strategic growth initiatives and acquisitions, with specialized expertise in Internet marketplaces, supply chain and logistics, fintech and financial services, software data and analytics, and tech-enabled business services. For more information, please visit www.tritiumpartners.com.
