SAN FRANCISCO--(BUSINESS WIRE)--GoodTime, the leading AI-based interview scheduling and hiring experience solution, has added $9.5M million to its Series A funding, bringing the total round to $16.7 million. The new funding round was led by KTB Ventures along with participation from Smilegate and Atinum Investment. This funding will be used to accelerate innovation for hiring/candidate experience solutions and accelerate go-to-market growth in a wide range of industries with innovative clients such as Box, Shopify, and Zoom.
GoodTime is an AI-based hiring experience solution that can reduce time-to-hire by as much as 50% while saving as much as $500,000 per year in talent acquisition costs. More importantly, GoodTime is the only HRtech solution that provides a way to measure and manage the diversity, equity and inclusion (DE&I) process for interview scheduling. According to SHRM, DE&I will be a continued focus for recruiters, especially because more candidates will make job choices based on their assessment of a company's visible DE&I commitment, according to experts.
Ahryun Moon, co-founder and CEO, stated, “A meeting is a way for people to get together, collaborate with each other, and forge valuable relationships that last. GoodTime is the solution that enables companies to personalize the hiring process and improve each candidate’s experience."
"We were excited about the prospect of creating a meeting platform where you have exactly the right people to discuss the right thing to move the needle. Meeting coordination has been unintelligent and focused on calendar tetrising at best,” stated Hyesung Kim, Investment Manager at KTB Network. “GoodTime uses people data to always put the right people into each meeting which is an absolute necessity for the future of work. Also, the caliber of customers that GoodTime works with, such as Dropbox, Box, Zoom, Slack, Pinterest, Stripe, Atlassian, Snapchat and more, impressed us as to how much this product is needed in the market."
Sixty-three percent of candidates say most employers do not communicate adequately during the hiring process.* Ninety-eight percent of employers believe that enhancing the candidate experience – for those they hire and decline – can help enhance and protect their brand.** GoodTime reinvents how interview scheduling is managed throughout the entire hiring experience lifecycle.
The Series A extension was closed in 4Q of 2020. This follows the $5M Series A funding that closed in 4Q 2018 and the $2M seed fund garnered in 2017.
Companies who are seeking to leverage smart meetings to elevate their hiring experience can expect to see new innovations launched from GoodTime in the 2H of 2021. To learn more about how GoodTime can empower interviewers and elevate the hiring experience, visit GoodTime.io.
Source: *Talent Board, 2020) **CareerArc
About GoodTime
GoodTime Hire enables talent acquisition teams to create an efficient, equitable, and personalized candidate experience that lands top talent faster. GoodTime is the only AI-based HR tech solution that can help advance diversity, equity and inclusion (DE&I) initiatives, fostering measurable impact for every job candidate from day zero. See why the world’s top talent acquisition teams, including Zoom, Instacart, and DropBox, rely on GoodTime to slash time-to-hire metrics, and deliver up to 50% savings on hiring expenditure.
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