Alpharetta, a USA-based technology company providing a talent marketing, relationship management, and direct sourcing suite, WorkLlama raised USD 50 million in funding. The company disclosed the fundraise on February 24, 2023. However, it did not unveil the investors in the financing.
Purpose of financing for WorkLlama
With the latest capital injection, WorkLLama seeks to continue to grow its team to keep up with the exponential growth.
Meanwhile, it has plans to accelerate product enhancements to keep its competitive edge. In addition, the firm aims to embark on strategic acquisitions over the next 12 months. It intends to invest in continued automation and continue to expand its presence across regions such as North America, Europe, and Asia Pacific.
What the company’s officials have to add
Sudhakar Maruvada, Founder and CEO, WorkLLama, said, “A customer’s number one asset is its people. This latest round of investment in WorkLLama cements our position in the market and allows us to further solve their number one challenge—access to talent and delivering on our promise to look at talent holistically. Our platform makes it simple to find, engage, and nurture talent, leading to a superior user experience for both customers and candidates alike. This means access to engaged talent ready to work for your organization and invested in doing so.”
In addition, Saleem Khaja, Co-Founder and COO, WorkLLama, said, “WorkLLama helps companies leverage their own brand to create powerful candidate experiences. Existing talent channels are underperforming, and organizations are struggling to find quality talent for open roles, making workforce planning a challenge. This additional funding means we can continue to invest in our enterprise-grade platform, empowering customers and candidates with the proficiency they deserve and one simple, unified way to manage it all.”
What the Fairmount Partners said
Allen Born, Director of Fairmount Partners, further commented, “It was a great pleasure working with Sudhakar, Saleem, and their team to leverage their experience in total talent management to find the ideal capital partner for the next phase of WorkLLama’s growth. We see a bright future for the company and wish the WorkLLama team continued success in the future.”
About the company
Saleem Khaja and Sudhakar Maruvada launched the company in 2016. The company’s solutions include talent marketing and relationship management capabilities, a conversational chatbot, Sofi, a crowdsourced referral engine, as well as dynamic talent communities. Since its launch, WorkLLama has grown its team to more than 100 employees with customers across four continents.
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