Recruitment Automation Platform Kula Raises $12 Million In Seed Funding
Kula, a recruitment automation platform, has raised $12 million in a seed round co-led by Sequoia Capital India and Square Peg Capital.
The funding round also saw participation from existing investors Venture Highway and Together Fund and a handful of prominent angels.
As per the startup, the raised funds will be used to further its mission beginning with an expansion of research and development, product and go-to-market teams across the U.S., Singapore, and India. These raised funds will also help accelerate its global customer footprint.
Kula | Recruitment Automation Platform
Founded by Achuthanand Ravi, Sathappan M and Suman Kumar Dey in 2021, Kula is a recruitment automation tool that automates outbound hiring for fast-growing organizations, increasing the recruiter yield by at least 50% and hence impacting the bottom line.
Speaking about the development, Achuthanand Ravi, Co-founder and CEO at Kula, said,
“Almost all business functions have reinvented themselves in the past decade, except for recruiting. CEOs openly term recruitment as their competitive priority, and yet the recruiters are functioning in 2022 with the tools of the 1990s.”
The recruitment automation platform provides a sleek and intuitive Software as a Service (SaaS) platform for recruiters and founders to automate continual engagement with top candidates.
Kula integrates with all the tools recruiters interface within their workday, including LinkedIn, GitHub, Gmail, and the Applicant Tracking System (ATS).
Commenting on the development, Piruze Sabuncu, Partner at Square Peg Capital, said,
“Recruitment is an absolute priority for companies across the spectrum of size, industry, and geography and is still an underserved business function. Kula’s founding team brings an unmatched combination of substantial recruiting experience and distinguishing engineering talent.”
This funding announcement has come within six months of Kula’s pre-seed round, taking the total funding amount to $15 Mn before the release of its product.
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