Estonia-based RecruitLab picks up €1.9 million to boost video-recruitment platform

The Estonian startup will use the new cash to triple the workforce and add functionality to the platform. This was BADideas.fund's second investment.

The Estonian startup will use the new cash to triple the workforce and add functionality to the platform. This was BADideas.fund’s second investment.

Tallinn-based startup RecruitLab has raised a €1.9 million seed round for its video recruitment platform, which automates hiring tasks. The funding was led by Baltic market specialist Change Ventures and backed by StartupIst VC, FFF.vc and the BADideas.fund, an early-stage angel syndicate led by founders and operators of companies like Bolt, Vimeo, Shopify, Printify, Pipedrive, Deel, Bird.

The funds will be used for expansion in the U.K. and other European markets, tripling the company's workforce and adding new functionality to its platform.

RecruitLab is for recruiters at small companies and small agencies who want a tool that works without setup. It provides an alternative to the incumbent Applicant Tracking Systems (ATS) players, like Workable, Bullhorn, Taleo, Lever and Greenhouse. It does what an ATS does, plus job marketing, social media, candidate experience and recorded video interviews, at a price every company can afford.

With a portfolio of clients such as DPD, Circle K, Tallink and KPMG, the company claims it reduces hiring time by 50%, and improves the overall candidate experience.

Paavo Heil, founder and CEO of RecruitLab said:

Despite the ever-increasing workflow of recruitment teams, it is estimated that around 50% of employers still use programs like Excel and Outlook to track applicants. Furthermore, most of the existing ATS are inflexible, underperform when it comes to customer support and struggle to keep up with the rapidly changing industry.

Epp Sillaste, head of people at KPMG Baltics, added:

We chose RecruitLab as were on the hunt for a video interviewing tool also featuring other essential recruiting tools such as interview planning, talent pool capability mapping, automating interview scheduling and feedback e-mails, and easy access to necessary recruitment statistics for labour intensive recruitment projects.