What is Crosschq?
Founded in 2017 and based in Danville, California, Crosschq operates within the human resources technology sector, providing advanced software solutions designed to enhance the hiring process through human intelligence. The company aims to revolutionize how organizations identify and recruit talent, moving beyond traditional methods to offer a more insightful and effective approach. Its services are geared towards helping businesses make more informed hiring decisions, thereby improving workforce quality and reducing recruitment inefficiencies. The recent major strategic investment suggests Crosschq is poised for significant scaling and further development of its platform.
How much funding has Crosschq raised?
Crosschq has raised a total of $34.1M across 2 funding rounds:
Angel/Seed
$4.1M
Series A
$30M
Angel/Seed (2019): $4.1M with participation from GGV Capital and Bessemer Venture Partners
Series A (2021): $30M led by TriplePoint Venture Growth BDC, Bessemer Venture Partners, Rocketship.vc, GGV Capital, Tiger Global Management, SAP, Intersect Capital, and Slack Technologies
Key Investors in Crosschq
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC is an investment firm focused on providing debt financing and equity warrants to venture growth stage companies, often backed by venture capital firms, across technology and life sciences sectors.
Bessemer Venture Partners
Bessemer Venture Partners is a long-standing venture capital firm with a global presence, known for investing in early-stage technology companies since its establishment in 1911.
GGV Capital
GGV Capital is a global venture capital firm that invests in seed-to-growth stage companies across social/internet, enterprise tech, and smart tech sectors, with a focus on data-driven investment decisions.
What's next for Crosschq?
With the infusion of $30M in a major strategic investment, Crosschq is well-positioned to accelerate its product development, expand its market reach, and enhance its service offerings. The company's trajectory, marked by consistent backing from prominent venture capital firms and strategic partners, points towards an aggressive growth phase. Future initiatives are likely to focus on leveraging its human intelligence hiring services to capture a larger share of the HR tech market, potentially through strategic partnerships, technological advancements, and broader enterprise adoption. The substantial total funding of $34.1M provides a robust foundation for sustained innovation and market leadership.
See full Crosschq company page
