AI-Powered Sourcing Platform Betterleap Launches with $13M in Seed Funding and the Largest Candidate Pool in the Market

Betterleap, the AI-powered candidate sourcing platform, officially launches today with $13 million in seed funding. Built with the goal of increasing recruiters’ productivity with data and AI, Betterleap enables recruiters to discover the best candidates for their open roles automatically, by integrating with existing recruiting tools. The seed round was led by a16z and Peak State Ventures, with participation from Streamlined Ventures, Shrug.vc, Active Capital, Air Angels, and Stipple Capital. These funds will drive Betterleap’s growth, expand its team, and further enhance its product offerings.

“We’re living in the unique times where recruiters no longer have to source manually on LinkedIn for hours to get their jobs done. At Betterleap, we created the world’s largest database of candidates that are easily discoverable with AI. It’s all about giving recruiters time back to do what they do best–work with candidates,” says Khaled Hussein, CEO and Co-Founder of Betterleap.

Despite the vast amount of available data for candidate sourcing, talent acquisition professionals spend nearly one-third of each week sourcing candidates for a single role. 76% of hiring managers still struggle to attract the right job candidates.

Betterleap’s platform simplifies the sourcing process and extends its capabilities by integrating seamlessly with various Applicant Tracking Systems (ATSs), including Lever, Greenhouse, Ashby, Recruiterflow, Clockwork, and more. Leveraging recruiters’ existing candidate database and passthrough data, it provides finely-tuned candidate recommendations to recruiters. With access to Betterleap’s extensive database, encompassing over 1 billion potential hires from platforms like LinkedIn, Indeed, StackOverflow, Github, and Dribbble, recruiters can rest assured that they won’t overlook any outstanding candidates. Powered by AI technology, Betterleap presents higher quality candidates to recruiters and increases conversion rates–turning recruiting data into better sourcing and outreach outcomes.

“Recruiting as an industry is on the cusp of major transformation thanks to AI, and since 2020 Betterleap has been investing in data to enable recruiters to automate sourcing and outreach, giving recruiters time back to do what they do best. The team’s clear vision for the industry shift caught our attention, and we’re excited to see how Betterleap is already transforming recruiters’ lives for the better,” said Connie Chan, General Partner at Andreessen Horowitz.

Betterleap’s approach goes beyond identifying suitable talent; they prioritize providing recruiters with accessible candidates. Over 80% of the candidates presented by Betterleap come with verified contact information, including email addresses and phone numbers. This verification underscores their commitment to facilitating a more efficient and trustworthy recruiting process.

Betterleap differs from other recruiting software in five key ways:

• GPT-4 Integration: With the help of AI, Betterleap’s CoPilot swiftly transforms siloed, disparate data into actionable insights. CoPilot enables recruiters to ask critical questions of their data and receive immediate, actionable responses–a huge value-add for time-savings and ability to adapt strategies in real-time.

• Comprehensive candidate mapping: Unlike many other tools, Betterleap offers a complete view of the candidate’s journey from discovery to hire. Through integrations with familiar recruiting tools and ATSs, it provides recruiters with an unprecedented insight into the recruiting funnel.

• AI-powered personalization: Betterleap’s AI engine is trained on extensive data, allowing it to provide tailored candidate recommendations for each partnering company. This level of personalization goes beyond generic filtering and matching seen in many other platforms.

• Cross-sector compatibility: Betterleap extends its support to both tech sector and traditional arenas like manufacturing, construction, healthcare, education, etc. By leveraging a robust candidate database and industry-specific insights, Betterleap caters to the unique demands of each sector.

• Reachable talent focus: While many tools may help recruiters identify potential talent, Betterleap emphasizes not just the right fit but also reachable talent. Every candidate presented by Betterleap can be contacted directly via email, phone, or both, streamlining the connection process.

To date, Betterleap has signed 1000+ companies to the platform with notable partners including Prestige Development Group, Recruiting From Scratch, Boulevard, Chapter and Costanoa Ventures.

Betterleap allows partners to choose monthly subscriptions rather than binding annual contracts, starting at $200 per user per month. To get started or learn more, visit https://betterleap.com/.

About Betterleap

Betterleap is an AI-powered sourcing platform on a mission to fundamentally change how recruiters find candidates. Empowering recruiters with tools that enable easy candidate discovery, actionable insights and collaboration, Betterleap is breaking down the historically siloed hiring process to allow recruiters to focus on what matters most: the people. Now recruiters can discover candidates in half the time and scale their workflows seamlessly with changing needs. Headquartered in San Francisco, Betterleap was co-founded in 2020 by CEO Khaled Hussein and CPO Anna Melano, combining Anna’s deep product expertise with Khaled’s track record for successfully building category-defining companies. For more information, visit https://betterleap.com/.

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