How Much Did Alongside Raise?
Funding & Key Investors

Alongside, a prominent player in the Canadian human resources technology sector, has successfully secured a total of $7.3M in capital to date. This trajectory of financial backing, punctuated by a recent strategic investment of $6.2M, underscores the company's evolution from its origins as Qimple into a comprehensive recruitment automation platform. By streamlining the job advertisement and distribution lifecycle, the firm has positioned itself as a critical utility for modern talent acquisition teams seeking to optimize their hiring workflows.

What is Alongside?

Alongside
SoftwareHuman Resources Software

Founded in 2014, Alongside provides an integrated software-as-a-service solution designed to simplify the complexities of the hiring process. The platform enables organizations to create, distribute, and manage job postings through a centralized interface, effectively reducing the administrative burden associated with multi-channel recruitment. By consolidating these disparate tasks into a single, cohesive environment, Alongside addresses the growing demand for efficiency in enterprise-level human capital management. The company's market position is bolstered by its ability to serve as a foundational tool for businesses aiming to scale their workforce operations with precision and speed.

The company's growth has been supported by a diverse group of investors, ranging from regional innovation foundations to global venture capital firms. This mix of backing reflects confidence in the platform's scalability and its potential to disrupt traditional recruitment methodologies through automation and data-driven insights.

How much funding has Alongside raised?

Alongside has raised a total of $7.3M across 2 funding rounds:

2016

Angel/Seed

$1.1M

2022

Unspecified

$6.2M

Angel/Seed (2016): $1.1M with participation from New Brunswick Innovation Foundation

Unspecified (2022): $6.2M led by 500 Global, Sparkland Capital, New Brunswick Innovation Foundation, and Gerry Pond

Key Investors in Alongside

New Brunswick Innovation Foundation

The New Brunswick Innovation Foundation is dedicated to supporting and empowering entrepreneurs by investing in early-stage startups and partnering with other investors to build venture capital.

Sparkland Capital

Sparkland Capital is an early-stage venture capital firm based in Silicon Valley that invests in frontier technology and visionary leaders across sectors like AI, robotics, and enterprise services.

500 Global

500 Global is a venture capital firm that invests in founders building fast-growing technology companies, with a focus on markets worldwide.

What's next for Alongside?

With the infusion of $6.2M, Alongside is well-positioned to accelerate its product development roadmap and expand its market footprint. The strategic focus will likely center on enhancing the platform's automation capabilities and deepening its integration with existing enterprise resource planning systems. As the HR tech landscape continues to consolidate, the company's ability to leverage its recent capital will be pivotal in maintaining its competitive edge. Future initiatives are expected to prioritize user experience improvements and the expansion of its service offerings to meet the evolving needs of global talent acquisition teams, ensuring that the firm remains at the forefront of the digital recruitment revolution.

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Frequently Asked Questions Regarding Alongside Financial Insights

What are the most recent funding rounds that Alongside has completed, and what were the funding rounds?
Alongside has recently completed 2 funding rounds: Unspecified on Feb 16, 2022, Angel/Seed on Jun 16, 2016.
What is the total amount of funding Alongside has raised to date?
Alongside has raised a total of $7.3M in funding to date.
How many funding rounds has Alongside completed?
Alongside has completed 2 funding rounds.
How much funding did Alongside raise in its most recent funding round?
Alongside raised $6.2M in its most recent funding round.
Who are the lead investors in Alongside's latest funding round?
The lead investor in Alongside's latest funding round was 500 Global. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Alongside's history?
The largest funding round in Alongside's history was $6.2M.
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