Loxo, a talent intelligence platform and recruiting software company, announced the closing of a growth investment led by Tritium Partners, a private equity firm focused on partnering with talented founders with the goal of building market leading companies. And this investment will enable Loxo to expand its market reach and further its advantage as an AI-based recruiting platform.
Loxo is a horizontally integrated suite of data-driven and AI-powered products designed to manage the full recruitment life cycle through a single system-of-record software platform. And based on market research Tritium Partners commissioned from a global independent consulting firm, recruiters in the US and UK rated Loxo with the highest net promoter score among the largest Applicant Tracking Systems (ATS) and also ranked the company first in AI-driven features, user experience, and ease of implementation.
Loxo also announced that Paul Bartlett will join the company as Executive Chairman to help guide its expansion plans. Bartlett has spent over 20 years creating and building technology companies focused on enterprise solutions. He most recently served as CEO of CloudPay, a global end-to-end payroll and payment solution.
KEY QUOTES:
“This significant growth investment from Tritium Partners marks a transformative moment for Loxo, validating our vision and enabling us to push the boundaries of what’s possible in system-of-record recruiting platforms. The partnership should help us accelerate our mission to deliver the best AI-powered talent intelligence platform in the market, increasing the speed at which we are able to deliver innovative products for our customers.”
– Matt Chambers, CEO of Loxo
“We view Loxo as a true innovator in this space and believe the company is well positioned to meet the growing demand for intelligent hiring solutions. We are excited to partner with Matt and the team to seize this opportunity and propel the company into its next phase of growth.”
– Chris Steiner, Partner with Tritium Partners
“I am thrilled to join Loxo and work with the team in striving to provide the most user-friendly AI-powered tools for recruiters across the globe. The industry is evolving rapidly with the adoption of AI and its ability to enhance and improve workflows, assessments, and talent interactions.”
– Paul Bartlett
