What is Koru?
Koru offers predictive hiring software designed to enhance recruitment processes by pinpointing key performance drivers specific to each organization. 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 spans 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 businesses to recruit candidates who align closely with their core values and strategic objectives.
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 Battery Ventures, First Round Capital, Maveron Partners, and Andreessen Horowitz
Series A (2015): $7.5M led by Battery Ventures, First Round Capital, City Light Capital, Trilogy Equity Partners, 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.
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.
First Round Capital
Baseline Ventures is a venture capital firm that invests in innovative startups across various sectors. The company focuses on supporting entrepreneurs and helping them achieve significant results, with a notable track record of successful IPOs and acquisitions. Their portfolio includes companies in finance, technology, and consumer services, catering to a diverse range of clients. Baseline Ventures aims to partner with exceptional entrepreneurs to drive growth and create value in the market.
What's next for Koru?
With substantial enterprise-level backing and a recent strategic investment, Koru is well-positioned for accelerated growth. The company's focus on data-driven talent acquisition and its ability to identify candidates with critical soft skills like grit and ownership are key differentiators in a competitive HR technology market. Future endeavors will likely involve expanding their platform's predictive capabilities, deepening integrations with existing HR systems, and broadening their market reach to serve a wider array of enterprise clients. This capital infusion is anticipated to bolster their competitive edge and solidify their position as a leader in intelligent hiring solutions.
See full Koru company page
