Big Data for recruiting and sourcing continues to attract funding from venture capital firms. People profile aggregator Talentbin has announced a $2 million Series A funding round led by Lightbank, with participation from NEA, Foundation Capital, and FundersClub. Previous Talentbin investors First Round Capital and Charles River Ventures also participated.
Talentbin Founder Peter Kazanjy tells me that the company plans to use the investment to grow market share and increase their sales staff.
Talentbin has raised a total of $4.25 million since their inception in 2010. The company employs 18 people and has over 200 clients that include companies like Facebook, Amazon, and UPS.
How does it work?
Talentbin aggregates professionally relevant information from hundreds of places on the web into one profile. They search social sites like Facebook, Quora, and Github, as well as non-social sites such as the US Patent Database and email list-serves.
How much does it cost?
Not ready to pay?
If you don’t have budgetary control in your department, or you are an individual contributor that isn’t ready to pay for the full service, you should definitely try the Talentbin Chrome extension and mobile app. Both of these tools will help you to see the capabilities of the Talentbin API.
How does it work?
A Hot Market
The Talentbin news comes on the heels of other major funding announcements in the aggregator space. In February, Gild announced an $8 million dollar series A round. Entelo announced a $3.5 million dollar round last month.
Learn More at SourceCon Fall 2013
If you’re interested in how big data is changing recruiting and sourcing be sure to attend SourceCon Fall where the founders of Entelo, Talentbin, RemarkableHire, and Identified will participate in a “Big Data Panel.”