Koru Careers, Inc.

Koru Careers, Inc. is a predictive hiring technology company that utilizes data analytics to enhance hiring quality and mitigate bias in organizations. Its innovative solutions empower businesses to make informed talent acquisition decisions. Founded in 2013, Koru Careers, Inc.

is headquartered in Seattle, US, specializing in predictive hiring technology. The company has undergone strategic pivots, including the acquisition of its bootcamp platform in January 2019 by Entangled Group, LLC. The founder, Seth Amerson, has experience in the tech startup space, although specific prior ventures are not detailed. Koru has secured a total of USD 3.

00 mn across its funding rounds, with the latest being a Series B round in January 2019, supported by First Round Capital. This funding aligns with their growth objectives and operations. Koru specializes in predictive hiring software that leverages data analytics to identify performance drivers within organizations, aiming to enhance the quality of hiring while minimizing bias. Its core product, the Koru7™ Impact Skills framework, assesses candidates through a 20-minute interactive evaluation, generating customized feedback and a fit score that reflects their compatibility with a company's requirements.

This tool is designed to transform the hiring process by providing a data-informed approach to defining quality hires, addressing key use cases such as improving employee performance and increasing diversity in hiring. Koru services a diverse clientele, including global investment banks, technology giants, and emerging startups primarily located in North America and Europe. The company’s solutions are aimed at organizations seeking to refine their talent acquisition strategies and achieve measurable outcomes regarding employee success. Koru generates revenue through its software-as-a-service (SaaS) model, primarily operating in a B2B context.

Clients engage with Koru's offerings via subscription agreements, which allow access to the predictive hiring platform and associated analytics tools. The pricing structure is typically based on the scale of usage, which may include tiered subscription plans designed to cater to various organizational sizes and needs. The company's flagship product, the Koru7™ Impact Skills assessment, plays a significant role in client transactions, as it forms the basis for evaluating candidates' potential and alignment with organizational goals. While specific pricing details are not disclosed, the revenue model is centered around providing valuable insights that lead to enhanced hiring practices and improved organizational performance.

Koru Careers, Inc. plans to leverage its recent funding to further develop its predictive hiring platform and expand its market reach. The company aims to introduce new features to its Koru7™ Impact Skills framework, with anticipated launch dates for these enhancements in 2020. Additionally, Koru is focusing on entering new geographic markets, specifically targeting expansion in Europe and Asia by the end of 2021.

Recent funding will support these initiatives, facilitating product development and market entry strategies.