HiringBranch, a leader in AI-driven soft skills assessment, has announced a CAD 5 million Series A funding round led by Crédit Mutuel Equity, with participation from Export Development Canada and Anges Québec. This funding aims to drive global expansion and fuel the adoption of the company’s Soft Skills AI, which has revolutionized hiring processes with its unmatched accuracy and fairness.
Funding Highlights
- Funding Amount: CAD 5 million.
- Investors: Crédit Mutuel Equity (lead), Export Development Canada, Anges Québec.
- Purpose: Expand market reach to North and Latin America, Asia, and the UK through strategic partnerships and sales initiatives.
Revolutionizing Hiring with Soft Skills AI
HiringBranch’s innovative AI technology is transforming recruitment by:
- Accurate Soft Skills Evaluation: Achieving 98% accuracy in assessing role-critical soft skills, compared to 64% accuracy from leading public LLMs.
- Conversational Assessments: Providing tailored voice and chat-based simulations that evaluate candidates’ real abilities while allowing them to preview the job.
- Bias-Free Hiring: Automating the interview stage to ensure fairness, reduce human bias, and improve candidate selection.
Customer Impact
The platform has demonstrated remarkable results, driving:
- 330% customer growth over the past two years.
- Faster hiring processes, reducing costs and manual workloads.
- Higher-performing hires with better retention rates.
Investor Perspectives
- Crédit Mutuel Equity: “HiringBranch uses AI to eliminate bias and enhance hiring efficiency. We’re excited to support their growth in transforming recruitment.” – Nina Ni, Associate.
- Procom Québec: “The platform revolutionizes high-volume hiring by replacing interviews, making processes faster and more cost-effective.” – André Couillard, President.
Future Vision
Co-founder and CEO Stéphane Rivard emphasizes the company’s mission to advance the skills-first talent movement, stating:
“Soft skills measurement is the future of hiring, and HiringBranch aims to lead this paradigm shift with our award-winning Soft Skills AI.”
With this funding, HiringBranch is set to accelerate its global impact, enabling enterprises and contact centers to adopt fairer, faster, and more effective hiring practices. The company’s focus on accurate, bias-free soft skills assessment positions it as a key player in the evolving talent landscape.
