Funding & Acquisitions Roundup: RecruitLoop lands $500K to bring down the cost of recruiting top-notch new employees

By Editor August 6, 2013

San Francisco and Ultimo, Australia-based recruiter marketplace RecruitLoop has closed a $500,000 Seed funding round to power its platform that is designed to disrupt the way independent HR recruiters do business. Investors include Russia’s The Untitled VC and Microsoft executive Todd Forest. The company seeks to commoditize the process of hiring and working with recruiters through a project-based marketplace. The startup already counts several big firms as clients, including eBay and Canon. It was launched in mid-2011 by Michael Overell, Denis Zubkov, Paul Slezak and Sydney Seed Fund General Partner Garry Visontay.

Vital Stats:


HQ: San Francisco and Ultimo, Australia

Founders: Michael Overell, Denis Zubkov, Paul Slezak, Garry Visontay

Year Founded: 2011

Seed Investors: The Untitled VC, Todd Forest

Innovation: Commoditizing the process of hiring through recruiters through a project-based marketplace.

Total Funding: $500,000

(Sources: RecruitLoop, TechCrunch, Crunchbase)

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CommScope acquires LED ethernet startup Redwood for $10M upfront, potential $50M down the road (via GigaOm)

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