Job market continues to sizzle as WorkTorch raises $2.2 million in seed funding for recruitment
WorkTorch, a revolutionary HR platform, recently secured $2.2 million in funding, led by Tenzing Capital. Previously known as QuickHire, the platform has rebranded itself with the new name reflecting a focus on career development and talent retention.
Launched in April 2021, WorkTorch has already garnered over 40,000 service industry applicants seeking employment through its platform. The platform coordinates approximately 1,000 interviews per month for these applicants.
The evolving working conditions in the United States have attracted investors to WorkTorch. Besides Tenzing Capital, the investment companies involved in the funding round include Hustle Fund and Hustle Fund Continuity.
Josh Oeding, founder of Tenzing Capital, commends WorkTorch for its vision in providing better tools for employers to meet workforce needs and career development opportunities for service-industry professionals. Leslie Feinzaig, founder of Graham & Walker, is impressed by WorkTorch's understanding and respect for service workers, which he finds rare in startup pitches.
Deborah and Angela, the co-founders of WorkTorch, are working on delivering value to professionals and employers while getting the appropriate response from the market. They aim for the startup to become the foremost company serving everyone seeking career direction.
The evolution of WorkTorch has been an 18-month process, driven by the changing relationship between employers and employees. The platform offers employers new retention tools to monitor regional and national data trends and gather feedback about working conditions from employees.
The future of WorkTorch includes the provision of a portal for career development, allowing users to track their professional growth and connect with other applicants with shared interests. This evolution is aimed at empowering people to pursue their passions and help them get there.
In 2021, the HR sector secured $12.3 billion in investment. This trend continued in January and February 2022, with the sector receiving over $1.4 billion in investment. Feinzaig finds the metrics of WorkTorch at an undeniable and unheard-of level for a startup at this stage.
For more information, you can read about WorkTorch raising a $2.2 million seed round in this article.
WorkTorch is poised to make a significant impact on the HR industry, providing a platform that caters to the needs of service-industry workers and employers alike.
