What is Koru?
Koru offers predictive hiring software designed to enhance recruitment processes by identifying key performance drivers specific to individual companies. Their platform aims to increase the proportion of high performers hired by up to 30%, while simultaneously reducing bias and improving overall hiring efficiency. Koru's client base ranges from global financial institutions to emerging startups, all seeking to optimize talent acquisition outcomes through data-driven methodologies. The company emphasizes the cultivation of impactful skills such as grit, ownership, and curiosity, enabling organizations to recruit candidates who closely align with their core values and strategic objectives. This focus on data-informed talent selection positions Koru as a key player in the evolving HR technology landscape.
How much funding has Koru raised?
Koru has raised a total of $27.1M across 4 funding rounds:
Private Equity
$4.3M
Series A
$7.5M
Other Financing Round
$12.6M
Private Equity
$2.7M
Private Equity (2013): $4.4M with participation from Andreessen Horowitz, Battery Ventures, Maveron Partners, and First Round Capital
Series A (2015): $7.5M led by Trilogy Equity Partners, Battery Ventures, First Round Capital, City Light Capital, and Maveron
Other Financing Round (2015): $12.6M supported by Maveron
Private Equity (2017): $2.7M, investors not publicly disclosed
Key Investors in Koru
Maveron
Maveron is a consumer-only venture capital firm that partners with innovative entrepreneurs to transform consumer experiences and industries. Founded in 1998 by Dan Levitan and Howard Schultz, the firm focuses on investing in early-stage consumer brands that prioritize human behavior and technological disruption. With a commitment to fostering inclusive and sustainable economic growth, Maveron's diverse portfolio includes notable companies like Allbirds and Lovevery. The firm also holds a B Corp certification to emphasize its mission of creating positive societal impact while generating profits.
Trilogy Equity Partners
Trilogy Equity Partners is a venture capital firm that invests in companies with strong growth potential. Their investment strategy focuses on partnering with management teams to drive value creation and achieve market leadership. The firm's portfolio typically includes businesses in technology and related sectors, aiming to support innovation and scalability.
Battery Ventures
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, Israel, London and New York.
What's next for Koru?
With substantial enterprise-level backing and a recent strategic investment, Koru is poised for accelerated growth and further development of its predictive hiring solutions. The company's trajectory suggests a focus on scaling its operations, expanding its market reach, and potentially enhancing its platform's AI capabilities to offer even more nuanced insights into candidate performance. Future strategic initiatives will likely involve deepening partnerships with enterprise clients and further solidifying its position as a leader in data-driven talent acquisition, aiming to redefine how organizations identify and secure top-tier talent in a competitive global market.
See full Koru company page
