Pin, an AI-based recruitment tool that automates tedious hiring tasks and reduces time-to-hire by nearly 70%, announced a $3 million seed round led by Expa Ventures, a leading early-stage venture firm and incubator. And Pin now serves over 600 customers.
This funding will support Pin’s expansion, enabling the company to accelerate product development, scale marketing efforts, and meet rising demand driven by early customer success while growing its team.
The recruitment market is massive, but lengthy hiring processes hinder company growth. And many companies are unhappy with how long it takes to fill roles. Most AI-based recruiting tools have been falling short. Pin addresses this issue by automating tedious and time-consuming steps like sourcing, outreach, and scheduling, acting as a Google-like search engine for recruitment efforts. And with precise candidate matches, recruiters can focus on what matters most: building meaningful relationships with candidates and securing top hires.
About 70% of candidates Pin recommends for their customers are accepted into the hiring pipeline, which shatters industry averages. And with Pin, recruiters fill positions in just two weeks. The platform utilizes advanced automation and data-driven insights to help organizations source, engage, nurture, and schedule candidates with speed and efficiency.
Pin serves 600+ customers nationwide, including signing over 300 new customers in the past 40 days. And Pin has also increased revenue by four-timers in just over the past 30 days.
The company’s flexible pricing model, combining per-user licensing with usage-based add-ons, ensures accessibility for diverse organizations. And with advanced analytics and an intuitive design, Pin offers real-time insights into recruitment funnels, helping teams measure hire quality, track diversity metrics, and simplify the hiring process.
This platform is built on nearly a decade of recruiting expertise from its founder, Steven Lu, and a core team composed mainly of the professionals behind the successful development and sale of Interseller to Greenhouse. And the new funding will be used for research and development, enhancing Pin’s platform with new features, and expanding the team to meet increasing customer demand.
KEY QUOTES:
“The hiring process is one of the most important, but frustrating responsibilities for companies because they are bogged down by inefficiencies and tedious tasks. Pin tackles this problem head-on, freeing recruiters from time consuming tasks to focus on building relationships and hiring the best candidates ten times faster than traditional methods. We’re dedicated to making hiring not just faster but more human.”
- Steven Lu, CEO and co-founder at Pin
“Pin has redefined our hiring process, delivering precisely what we needed. Within just two weeks of using the technology, we were able to hire both a software engineer and a financial planner—roles that are critical to our growth. The platform’s speed and accuracy of candidate matching are truly unmatched.”
- Fahad Hassan, CEO and co-founder of Range
“As organizations strive to streamline their hiring processes, maintaining high-quality candidate interactions has never been more crucial. Pin stands out as a leader in this space, automating fundamental hiring tasks to address critical pain points faced by recruiters today. We are excited to support their vision to transform the recruitment landscape and look forward to collaborating with their talented team to drive meaningful change across the industry.”
- Milun Tesovic, partner at Expa Ventures
