OfferZen, a South African tech talent marketplace has raised €4m in funding to fuel its growth and make a lot of product improvements over the coming months.
The €4m was from Invenfin and AI Capital. Invenfin partners include Peter van der Zee and Theo van den Berg (early Bolt investors) while AI Capital partners include Roger Grobler, a founder of multiple tech and insurance companies, Nic Kohler, the former CEO of Hollard insurance, Willem Roos, the founder of Outsurance and former CEO of Rain Telco and Michael Jordaan, the former CEO of FNB and founder of Montegray Capital.
In 2021, OfferZen raised €4.5 million ($5.07 million) in Series A from South African investment company Base Capital and the firm’s first round of funding since its launch in 2015 to fuel its European expansion.
“I’m excited to announce that OfferZen has closed €4m in funding from some amazing investors. Here’s why we got funding and what’s next,” said Philip Joubert, co-founder and CEO. “We couldn’t be more excited to partner with investors that bring so much experience. Their support and capital investment will help us make a lot of product improvements over the coming months.”
OfferZen is also announcing new updates in both its leadership and its product. The firm is shifting from its fixed-fee unlimited hiring subscription, designed to ease the financial burden on tech companies to a more proactive recruitment platform putting the developers in the drivers wheel.
OfferZen is launching a new feature that allows developers to browse the jobs that companies are hiring for on OfferZen, see AI recommendations based on their preferences, and apply directly using their existing OfferZen profile. Companies will receive the highest-quality inbound applicants from any channel and, eventually, have those candidates pre-categorized with AI based on how well they match the job.
OfferZen CEO will also be stepping down.
“After being CEO for 3 years, I’ve officially handed over the reins to Matt Beck. Matt first joined OfferZen as the VP of Marketing in 2021 and has not only done a great job leading that team, but also levelling up the whole business for scale,” said Joubert. “Matt has been instrumental in levelling up our business for scale, loves our brand and has been a great champion of our values. I’m glad to be able to call him my new boss.”