San Francisco’s Recruitment Startup Weekday Secures $2.2M to Expand Crowdsourced Hiring Platform
- ByStartupStory | August 25, 2023
Weekday, a recruitment startup headquartered in San Francisco, CA, has successfully secured $2.2 million in funding through a recent investment round. The leading contributor to this funding round was Venture Highway, and it also involved participation from a group of angel investors.
The primary objective behind raising these funds is to propel the expansion of Weekday’s operations and enhance its business outreach. It was established in 2021 by Amit Singh, Anubav Malik, and Chetan Dalal, Weekday benefits from the support of Y Combinator, a renowned startup accelerator. The startup’s core focus is facilitating the hiring process for companies seeking engineers. It does this by leveraging a crowdsourced reference network, where software engineers vouch for their peers.
Weekday adopts a unique approach by encouraging software engineers to integrate their social connections from platforms like LinkedIn and Contacts. By doing so, the platform provides these engineers with a curated list of potential candidates to refer to various companies. The process is gamified to enhance engagement, and the reference data collected is made accessible to recruiters.
One of Weekday’s standout features is its “Backchannel” capability, which enables companies to gather background references from former colleagues about candidates they are considering. This approach shifts the hiring focus away from merely relying on resumes and interviews, placing greater emphasis on real-life experiences and practical capabilities.
The company has already collaborated with more than 100 businesses, specializing in seed and Series A-funded startups. Notable names among its clientele include Coinbase, Clipboard Health, AtoB, Daloopa, Zepto, and Round Finance. Through its services, Weekday has assisted these companies in recruiting key technical positions such as CTOs, Tech Leads, and Senior Software Engineers.
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