ClearFit Raises $7 Million In Series A
ClearFit is a human resources company that helps companies finding and hiring the best candidates. ClearFit has raised $7 million in Series A funding led by GrandBanks Capital and Relay Ventures. Currently ClearFit has over 8,000 customers and the company. ClearFit offers a free trial that can be set up in about a quarter of the time that it takes to put together a traditional job posting.
ClearFit has patented software that uses data analysis to predict employment success five times better than traditional hiring. This is included in the cost of a regular job posting. Tim Wright of GrandBanks will be joining the ClearFit baord of directors.
“Small businesses are inadequately served by large, enterprise hiring software. ClearFit puts enterprise-class capabilities within reach and tailors them directly to the needs of small business owners,” stated Wright. “They are addressing a massive sector of the economy that does not have a capable solution.” ClearFit raised $1.7 million in late 2012 from Relay Ventures and several Toronto investors.