A New York-based automated candidate sourcing platform, Fetcher has just announced the procurement of its Series A investment amounting to US $6.5M on March 19, 2021. Leading the round is G20 Ventures, with participation from Slow Ventures, KFund, and Accomplice. Fetcher seeks to make the recruitment process of organizations more convenient while adding diversity to the pool of candidates.
Purpose of the investment
CEO and co-founder of Fetcher, Andres Blank, stated that the proceeds of the round will be majorly used to multiply the number of employees (presently 80) operating in the company as well as develop CRM instruments and even more analytics (including diversity analytics).
Products & Services offered
Fetcher is a tech-driven recruitment network that specializes in automating key parts of a recruiter’s tasks such as the initial search for exceptional candidates and sending expertly-drafted outreach emails. Since these emails are targeted at the appropriate candidate pool, they yield a very successful response rate, unlike other spammy recruitment messages. According to Andres Blank, “The reality is that when looking for a job, an email is not necessarily required to be amazing, and recruiters don’t want to spend about 10 minutes brainstorming what to write to each candidate”. Blank also described Fetcher’s solution as a “human in the loop” approach. In essence, the initial outreach is automated, after which recruiters communicate with candidates directly.
“By automating both the outreach and sourcing parts of recruiting, Fetcher lessens the measure of time a recruiter uses in front of a computer examining candidates, making a recruiter’s duty more balanced, diplomatic, and impactful, all while proceeding to develop a robust, diverse pipeline for the organization,” added Blank. He also recommended that automated sourcing enables recruiters to reach a much more diverse candidate pool than they would by traditional methods.
Growth in the industry
Fetcher has reported seeing its revenue increase every month since July of last year due to shrinking recruiting teams needing to do more with smaller resources and greater corporate focus on diversity, equity, and inclusion. Having started operations seven years ago, Fetcher has (with this investment) raised over US $12 million in 5 rounds.
Company Profile
Fetcher is a computerized recruitment platform whose mission is to make it swift, simple, and fun for companies to find the appropriate individual, for the appropriate job, at the appropriate time. Fetcher helps businesses find candidates whose expertise, interests, and experience best match the demands of the job and the culture of the company. The company was established to lessen the pain and expense of recruiting so that organizations can focus on attracting talent and nurturing the growth and development of their team.
Founded by Andres Blank, Chris Calmeyn, Genevieve Wolff Jurvetson, Javier Castiarena, and Natan Santolo in 2014, Fetcher is dedicated to investing in long-term alliances with companies who see talent as their most valuable asset, and Fetcher builds the instruments that empower their growth.
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