Ashby, a recruiting platform that helps companies efficiently scale hiring, announced it has raised an additional $30 million in equity financing. Lachy Groom, who also led Ashby’s seed round, led the Series C funding round, which included participation from Elad Gil, F-Prime, Y Combinator, and existing Ashby customers. So far, the company has raised roughly $70 million.
This funding round comes with a vote of confidence from existing investors following a sixfold revenue growth. This latest funding round will enable Ashby to continue its rapid pace of product development and enterprise expansion.
Ashby was launched in late 2018 by Benjamin Encz and Abhik Pramanik. And the company emerged from stealth mode at the time of their Series B announcement in September 2022, and have since then grown to support 1,300+ customers that range from some of the fastest growing startups in the world to some of the most cutting edge enterprises with 18K+ employees.
Supporting the strong growth, Ashby also has made a number of additional key hires including VP of People and Talent Jim Miller (15 years at Google shaping their internal ATS, GHire), VP of Finance Shane Gallaher (first FP&A hire at Fastly), VP of Customer Success Kelsey Peterson (HubSpot and early startups), Head of Support Allie Hurley (ClickUp), Head of EMEA Sales Jack Hanratty (Asana and LinkedIn), and a number of top talent leaders and operators.
KEY QUOTES:
“At its best, fundraising accelerates something that is already going really well. We’re fortunate to have found ourselves in that position and as a result, we’ve decided to pull forward our Series C by a couple of quarters.”
- Benjamin Encz, Co-Founder and CEO of Ashby
“It’s been amazing to see Ashby’s growth and product velocity in the last few years. Despite a tricky market, Ashby has 6x’d the business since the Series B and has garnered a lot of love from customers in a space that historically had really low NPS. In the current environment, more and more talent teams are looking to consolidate tools and ‘do more with less’ and Ashby, which is packed with automation and AI-enabled features, is perfectly positioned to benefit from that trend.”
- Lachy Groom
“It’s the first ATS I’ve ever been impressed with. We were looking for an innovative partner that was looking to build the future of talent acquisition, not one stuck in the way things had been done 10, 20 years ago. And in switching to Ashby All-in-One I got rid of a lot of vendors we no longer needed, so that made me look absolutely brilliant to my finance team.”
- Veronica Salcido, Head of Global Talent at Multiverse
