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Wednesday, May 22, 2024


    Post-pandemic hiring view

    PitchMe records five times increase in year on year growth

    PitchMe, the global tech-driven, skills-based talent marketplace, has announces key corporate momentum figures, including year-over-year company growth increasing by 5 times from 2020 to 2021. An AI-powered candidate profiling and hiring solution, PitchMe in an AI powered candidate profiling and hiring solution which uses sophisticated machine learning technology to make hiring smarter and free from bias using its matching algorithm to connect candidates with the right employment opportunities as well as identifying key upskilling opportunities.

    Other key year-over-year growth figures for the HR tech scaleup include:

    • 280 per cent increase in monthly recurring revenue (MRR)
    • 300 per cent increase in the number of employers using PitchMe to find candidates, for a total of over 550 employers signed up to the platform
    • 200 per cent increase in the number of candidates signed up to the platform, for a total of 150,0000 candidates

    The corporate growth follows seed funding investment into PtichMe of $1.2 million in August 2020 led by New York-based Starta Ventures, demonstrating unprecedented growth despite the economic toll of the global Covid-19 pandemic.

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    Following this investment-spurred growth over the past year, PitchMe currently sees over 1,200 active new positions posted to its platform per month, up from 51 in May 2020 —  a whopping 2,300 per cent increase in just one year.

    The company’s significant increased momentum includes a number of new products launched by PitchMe in the past year, including its SmartMe profile, a candidate profiling system that develops anonymised candidate profiles through the use of both offline and online data, helping improve matches and combat unconscious biases in the hiring process. Because PitchMe’s unique candidate profiles showcase each candidate’s hard and soft skills, it is particularly useful for career shifters and other candidates with non-linear backgrounds. Equally, it means employers hire the candidate with the right skills for each role, free from external biases.

    Other key product launches in the past year include PitchMe’s Job Description Generator, a product designed to help recruiters and hiring managers save time writing job descriptions by using artificial intelligence (AI) to create accurate, automated professional job descriptions in just three minutes. Job Description Generator launched in April 2021 as a Top 5 product on the leading product discovery website, Product Hunt.

    Last year’s investment and resulting product and sales growth has also spurred the company’s internal team growth; PitchMe’s global solution now sees 20 employees located across four countries, with its headquarters in London, United Kingdom.

    “We have always maintained that the future of work is skills-based,” said PitchMe co-founder & CEO Dina Bayasanova. “With the impact of the Covid-19 pandemic on the jobs marketplace, PitchMe has seen exponential growth in the past year as hiring becomes increasingly skills-based and employers seek smarter hiring solutions.

    “Thanks to last year’s funding round, we’re pleased to have been able to quickly ramp up our product offering, offering some of the most sophisticated HR technology solutions on the market today. PitchMe remains committed to helping both employers and candidates around the world by making the hiring process more efficient and equitable for all parties.”

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