HiringBranch, a leading AI-based soft skills assessment platform, announced that it raised C$5 million in Series A funding. Crédit Mutuel Equity led the round, which included participation from Export Development Canada and Anges Québec.
This funding will fuel market penetration of the company’s Soft Skill AI, using strategic integration partnerships and sales initiatives in North and Latin America, Asia, and the UK. This new trajectory has come to the heels of 330% customer growth in the past two years.
HiringBranch is transforming how enterprises and contact centers hire with its tailored conversational voice and chat assessment experience. This strategy enables candidates to preview the job before getting the job, while AI scores role-critical soft skills for the recruiter.
By automating soft skills measurement, HiringBranch’s platform reduces the need for traditional interviews in high-volume hiring – which are often time-consuming and could introduce bias. HiringBranch’s AI has shown greater fairness and has proven to select candidates who perform better on the job compared to those hired with traditional methods
KEY QUOTES:
“We want to unlock the power of soft skills in the workforce by measuring what used to be immeasurable. Our native AI technology provides unparalleled accuracy in soft skills evaluation, enabling organizations to leverage skills data for hiring, talent mobility and strategic decision-making. This isn’t a multiple-choice or personality test—it’s a precise measure of a candidate’s real abilities to do a job well, creating a fairer path to opportunity.”
“We are uniquely positioned to be a catalyst in the skills-first talent movement with our award-winning Soft Skills AI. The future of hiring starts with skills measurement, and we plan to be at the forefront of this paradigm shift as we scale.”
- HiringBranch Co-Founder and CEO Stephane Rivard
“For companies that hire in high volume, HiringBranch revolutionizes the recruitment process by replacing the interview stage. Companies see themselves speeding up the process, dramatically reducing costs and selecting candidates who perform better and stay on the job longer.”
- André Couillard, President at Procom and angel investor
“We have seen firsthand HiringBranch using AI for good, eliminating bias, and alleviating hiring managers of manual processes, like interviews, to work on higher value tasks. This is the true value of AI when executed responsibly.”
- Nina Ni, Associate at Crédit Mutuel Equity
“Our goal is to help HiringBranch continue improving the assessment market, enabling enterprises to make better hiring decisions in the process.”
- Ludovic André, Managing Director at Crédit Mutuel Equity Canada
