Ceipal recruiting technology largely focused on contract staffing firms, raised $7.5 million. Their website is “boiling the ocean” reading like a corporate ATS, but also including back office for staffing. Price point is exposed on the site – and looks low in comparison to competitors. They state that they intend to use funds to scale product, sales, and support. They might think about investing some dollars to marketing and messaging, too.
Ceipal, a Rochester, New York and Hyderabad, India-based provider of an SaaS platform that automates both the front and back-office business operations of staffing companies, raised $7.5m in funding.Backers included Resolve Growth Partners and existing backer Mistral Venture Partners. In conjunction with the funding, Jit Sinha and Chris Rhodes will join Ceipal’s board of directors.The company intends to use the funds to scale product development, sales and support teams.