OVIA to make finding jobs less painful, gets $2.5M (exclusive)

Funding Rounds

Summary

“Productivity process-wise, this is the future of recruitment,” said David Chao, co-founder and general partner of DCM, in an interview with VentureBeat. On the pro side, by automating the system in this way, HR reps can send out more screenings and potentially get a richer cross-section of worthy candidates. OVIA’s hope is that while more people are screened and the time spent laboring over the process is decreased, an HR representative can call in more in-person interviews and really find the best candidate. The con, however, is that by automating the process further, HR representatives won’t have an opportunity to throw a wrench into the conversation. Overall, the OVIA system, for David Chao of venture capital firm DCM, is a step in the right direction.

$ Funding

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Amount $2.5M Total raised
Date October 18, 2011 Announcement date
Investors RIVS, DCM Ventures, Shutterstock, Quotidian Ventures, 500 Startups, Recruit Strategic Partners Lead investors
Company http://www.wepow.com Funded company

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AskAI Classifications

Labels
Human Resources Software Recruitment Software Assessment Software

Linked Companies

Hirevue, Inc.
$50M to $100M
RIVS
$1M to $5M
InterviewStream
$1M to $5M