W2 Contractor Platform Lands $26 Million

hr tech funding news
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Via TechCrunch

HireArt, which TechCrunch previously described as a “resume-killing” jobs marketplace, today announced that it raised $26.25 million in a Series B financing round led by Three Fish Capital with participation from over a “half dozen” angel investors. CEO Nick Sedlet said that the cash will be put toward product development and more than doubling HireArt’s 82-person headcount within the next year.

Originally founded in 2012 as an “assessment company” — the startup sourced and screened job candidates for companies much like a temp agency. But the co-founders — Dain Lewis, Eleonora Sharef and Sedlet — discovered that many of HireArt’s clients were hiring its people by putting them on the payroll of staffing firms as contractors.

With HireArt, a hiring manager can request workers to receive a curated shortlist of candidates and schedule interviews before making any offers. Through the platform, managers can perform tasks like changing pay rates, approving expenses, and pulling reports.

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