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Otta, a jobs platform with a database approach, raises $20M Series A from Tiger – TechCrunch

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You would think that job listing platforms couldn’t be innovated these days, but London-based Otta wants to prove that theory wrong. It has a platform to match tech company jobs with candidates by aggregating lots of company information (founder bios, employee reviews, salaries, industry) with the roles on offer. Think of a kind of “CrunchBase for Jobs”. It has now raised a major Series A funding round led by Tiger Global Management. Existing investors include LocalGlobe, Founder Collective and a number of Angels.

Angel investors backing Otta include Indeed Paul Forster, Alex Bouaziz of Deel, Ben Herman of Canvas.com (now Kin Ventures), Sophie Adelman of Multiverse and Sultan Saidov and Abakar Saidov of Beamery.

The so-called “big quit” – where people have decided to re-evaluate their jobs and careers in light of the pandemic – has created an opportunity for sites like Otta, which may seem much more transparent about job opportunities , and also talk about the “pointiness” of today’s candidates, many of whom want to work remotely.

Indeed, Otta reports that 37% of its users say their number one priority is meaningful work (while only 18% prioritize compensation). This phenomenon means that high-growth companies, especially in tech, struggle to attract people.

With more than 250,000 companies growing their workforces by more than 20% per year and 2021 seeing more venture capital money flowing into tech companies than ever before, the war for talent is raging. Fast-growing companies in particular struggle to attract top talent.

Sam Franklin, Co-Founder and CEO, said, “When we started Otta, people told us the job search was overwhelming. Recruitment seemed stuck in the age of classified ads. We believe there is another method, and we call it the candidate-focused job search. This is a new category that is changing the dynamics of the industry. Applicants are prioritized, rather than treated as second-class citizens, and this attracts top talent to our product.”

Remus Brett of LocalGlobe said: “We supported Sam and the team when Otta was just a vision, and since then the company has seen great traction with candidates and businesses. With the climate emergency and social justice at the forefront, Otta has a huge opportunity to connect a generation of thoughtful job seekers with mission-driven companies. Now is the decade to bring a true candidate-centric job search experience to the masses.

Since its launch in January 2020, Otta says it has grown from sending 1,000 applications per month to more than 5,000 per day, although this is of course dwarfed by much larger job boards.

The startup announces that it will now expand its US presence with a sales team in the field and double the product and engineering team in London.

Otta says that while it competes with LinkedIn. “They don’t give candidates what they want and really need,” a spokesperson told me.

“We put applicants first, which means we build for job seekers, not recruiters or companies. Candidates don’t want to browse through irrelevant job recommendations or see only the job postings with the highest price. They don’t want to struggle with endless recruiters or have to research whether the company has good diversity stats. They want all the best companies in one place, they want to be matched in roles based on their values ​​and ambitions, and they want all the information they need to make a decision,” they added.


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