Recruiting platform Greenhouse has raised $50 million in a series D funding round led by Riverwood Capital.
The money will be used to scale the company’s recently launched diversity and inclusion feature, which was created in conjunction with consulting firm Paradigm
The feature surfaces “nudges” or small reminders in real time that point out how users can act more fairly when they’re writing job postings, making referrals, and conducting interviews.
Recruiting platform Greenhouse has raised $50 million to expand its recently launched feature that helps companies manage unconscious bias during the hiring process, the company announced on Thursday.
The series D round was led by Riverwood Capital, bringing the company’s total funding to $110 million.
Greenhouse is a popular recruitment platform used by buzzed-about startups, such as Airbnb, Warby Parker, Pinterest, and Squarespace. Its new inclusion feature, launched in April, has been in the works for more than a year and was created in partnership with Paradigm, a consulting firm specializing in diversity and inclusion.
“So many companies are waking up to this problem and now they’re asking ‘now what?'” Greenhouse CEO Daniel Chait told Business Insider. “So that’s why we think this is the right time to really be investing in this and taking on these challenges rather than just talking about it.”
While there are plenty of other software solutions that aim to reduce bias in hiring, Chait says Greenhouse Inclusion is takes a more holistic approach. The program surfaces “nudges” or small reminders in real time that point out how users can act more fairly when they’re writing job postings, making referrals, and conducting interviews. These reminders, the program hopes, will prompt long-term behavior changes.
“We want to solve this problem at the main point where it occurs, the behavior of employees,” Chait said.
Greenhouse Inclusion also collects and organizes demographic data, so companies can …read more
Source:: Business Insider