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ModernLoop raised a $3.3M Seed Round of venture capital with interview scheduling as its primary use case and now sets its sights on recruiting operations. The deal was led by Accel.

While it’s true that interview scheduling is big component of recruiting operations, there doesn’t seem to be any visible messaging or focus beyond that use case speaking to the depth of recruitment operations in most middle market or large enterprise environments. Recruiting ops teams tend to work within and across the recruiting tech stack and analytics tools with a focus on candidate and user expeirence, workflow, reporting, and data in the same way revenue ops teams would work across the sales and marketing stacks supporting customer facing teams.

It’s early days for ModernLoop. We look forward to getting a closer look at them in the wild. They’ve chosen a crowded point of entry with interview scheduling. The competitive landscape isn’t just point solutions in the category but capabilities embedded in every major recruiting system and platform.

$13.7  billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.

Source: https://techcrunch.com/2021/10/05/recruiting-operations-platform-modernloop-lands-3-3m-to-create-better-technical-hiring-experiences/

 

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