Chicago, Illinois – Spark Hire announces a growth equity investment from Boathouse Capital, a Philadelphia-based private equity firm. The growth capital will be primarily used to further develop the core platform’s HR technology offering and modernize the go-to-market strategy.
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Spark Hire and Boathouse Capital Growth Investment
Key Takeaways
- Strategic Partnership: In alignment with Spark Hire’s vision for future expansion, Spark Hire has partnered with Boathouse Capital to fuel its growth.
- Exciting Growth Potential: Spark Hire is poised for growth, especially in the evolving remote work landscape, with a shared vision and growth strategy with Boathouse Capital to accelerate product development and expand Spark Hire’s impact on the hiring process.
Fueling Spark Hire’s Growth and Expansion
Spark Hire’s video interview platform helps its customers boost recruitment efficiency, team collaboration, and structure in the hiring process.
The most popular feature of the Spark Hire product today is its one-way interview software, which enables job applicants to record video responses to interview questions asynchronously. This empowers organizations to conduct significantly more preliminary interviews while standardizing the process resulting in a better and more fair candidate experience while boosting interview efficiency and effectiveness for the organization.
Why Partner With Boathouse Capital?
Boathouse Capital is a structured capital fund focused on providing bespoke capital solutions to high-growth and later-stage companies in:
- Software / SaaS
- Tech-Enabled Services
- Healthcare IT / Services
The rise of remote work and more distributed workforces has resulted in a growing preference for digestible video mediums. Spark Hire and Boathouse Capital are excited about the company’s future and growth potential given the current industry dynamics.
About Boathouse Capital
Boathouse Capital is a Philadelphia-based private equity firm with $650 million of capital under management. They invest up to $100 million of capital into high-growth middle-market companies including SaaS/software, technology-enabled services, and healthcare IT/services companies. Their sector-focused investment strategy is centered around partnering with management teams to create enduring value and position companies for accelerated growth. They are a flexible capital provider with the ability to invest debt and/or equity on a control and non-control basis.
About Spark Hire
For over a decade, Spark Hire has been the #1 rated video interviewing platform on the market. Today, Spark Hire is a modern, comprehensive hiring software for organizations with 50-500 employees including best-in-class HR technology that makes it easier for employers across every industry to recruit, screen, and hire the best talent more efficiently and effectively.
Currently empowering more than 7,000 organizations worldwide to improve the speed and quality of their hiring through more collaborative and data-driven decisions, Spark Hire’s solutions, Spark Hire Recruit, an applicant tracking system, and Spark Hire Meet, featuring predictive talent assessment, reference checks, and video interviews, enable companies to easily navigate the end-to-end recruitment cycle from finding and assessing talent to making offers ahead of the competition.
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