Paraform Raised 3.6 Million In Seed Funding

A recruitment platform aimed at startups, Paraform raised 3.6 million in seed funding recently. The marketplace connects companies with open roles and recruiters who can fill them.

So, today, we will look at Paraform, its founders, and investors and how the funding will be used in the future. Is it making profits already? We will let you know at the end of this article.

Paraform – Who Are Its Founders?

Paraform is a San Fransisco-based recruiting marketplace founded in 2022 by two tech geniuses, John Kim and Jeffrey Li.

The firm charges a listing fee (membership fee) for jobs posted on the platform and a success fee when a hire is made. The listing fee ensures startups’ buy-in to the two-way marketplace. Not only that, but the fee ensures commitment to the recruiters they work with.

Paraform Raised 3.6 Million In Seed Funding

The recruitment platform feels there is an opportunity to tap the laid-off recruiters who have started their businesses. Likewise, they seek to assist startups in sourcing talent and seizing an extensive talent network.

Paraform Raised 3.6 Million. Image Credit: Social Media.

For that effort, the platform raised a $3.6 million seed round led by A. It is a venture capital firm created by Kevin Hartz. He is also the co-founder of Xoom and Eventbrite.

The new funding increases Paraform’s total capital received to $5 million, one year after its pre-seed raise in March 2023. Other investors who took part in the seed round include Evan Moore, Affirm, Palantir, Ramp, Primer Sazze, and Hightouch.

Similarly, you might like to read about Pula raises $20M Series B.

How Will the New Funding Be Used?

Paraform raised 3.6 million in seed funding. This new capital will be used to expand the business across the US and hire more operators and engineers to service its increasing customer demands.

Similarly, the firm also wants to enter new nations and markets. It currently consists of four members but is expected to double that in the future.

Furthermore, Paraform’s revenue has increased by 10fold since the pre-seed round, with over 100 new customers onboard and decent team growth. In its first year, it generated over $1 million in revenue with a team of just three members.