SaaS recruitment platform Clu announces £1.2m investment round

Clu, a skills-based inclusive hiring platform, has announced an investment round of £1.2m.

The London-headquartered talent-tech company began trading last year. 

In 2022, investment in HR tech increased by 44% from the previous year, with the sector now worth £25bn globally and is growing at a CAGR of 13.6% year on year. 
 
Clu says it has streamlined candidate attraction and qualification to improve hiring experience and the time required to hire. The SaaS recruitment platform claims an average application-to-interview conversion rate of 60%, compared to the industry standard of 5-8%.

The product’s design principles are neuro-inclusive and accessible with a core focus on upskilling and confidence building for hiring teams and jobseekers. Workforce management company CXC Global is the most recent major company to use the system.

With over 50 job centres across London and Essex using Clu, and expansion plans in Northwest England underway, the company is seeking adoption in the government sector, which they aim to launch across Europe in 2025. 

Clu was founded by tech entrepreneurs Joseph Williams and Cayelan Mendoza, and its team of advisers include tech industry leaders Maggie Lower, NED of Grindr; Kia Christian, VP of people ops at Google; and Lalitha Stables, SVP public sector sales for EMEA at Salesforce.

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