How Much Did Kore1 Raise?
Funding & Key Investors

Kore1, a provider of recruiting and staffing solutions, has recently secured a major strategic investment, contributing to its total funding of $7M. This latest capital infusion, amounting to $2M, underscores the company's significant growth trajectory and its established position in the enterprise-level funding landscape. The company's consistent access to financing highlights its strategic importance and operational capacity within the competitive staffing sector.

What is Kore1?

Kore1
Business ServicesHuman Resources Management Systems (HRMS)

Founded in 2005 and headquartered in Irvine, California, Kore1 operates as a comprehensive provider of recruiting and staffing solutions tailored for businesses. The company specializes in delivering flexible staffing models, including project-based, on-site team-based, and off-site team-based services. Kore1 also facilitates staffing on a contract, contract-to-hire, and direct-hire basis, addressing a wide spectrum of client needs in talent acquisition and workforce management. Its focus on diverse employment arrangements positions it as a versatile partner for organizations seeking specialized or contingent labor.

How much funding has Kore1 raised?

Kore1 has raised a total of $7M across 2 funding rounds:

2020

Debt

$5M

2021

Debt

$2M

Debt (2020): $5M with participation from PPP

Debt (2021): $2M led by PPP

Key Investors in Kore1

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Kore1?

The recent major strategic investment signals a pivotal phase for Kore1, likely enabling expansion of its service offerings, technological enhancements, or geographical reach. This influx of capital, part of its $7M in total financing, suggests a strategic focus on scaling operations and solidifying its market presence. Future developments may involve deeper integration of AI in recruitment processes, broadening its client base within enterprise sectors, or enhancing its capabilities in specialized IT or engineering staffing. The company's ability to attract significant backing indicates strong investor confidence in its business model and future potential.

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Frequently Asked Questions Regarding Kore1 Financial Insights

What are the most recent funding rounds that Kore1 has completed, and what were the funding rounds?
Kore1 has recently completed 2 funding rounds: Debt on Jan 30, 2021, Debt on Apr 7, 2020.
What is the total amount of funding Kore1 has raised to date?
Kore1 has raised a total of $7M in funding to date.
How many funding rounds has Kore1 completed?
Kore1 has completed 2 funding rounds.
How much funding did Kore1 raise in its most recent funding round?
Kore1 raised $2M in its most recent funding round.
Who are the lead investors in Kore1's latest funding round?
The lead investor in Kore1's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Kore1's history?
The largest funding round in Kore1's history was $5M.
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