Loxo, a leading talent intelligence platform and recruiting software company, has announced the closing of a growth investment led by Tritium Partners, a private equity firm focused on helping companies scale to market leadership. This investment will enable Loxo to expand its market reach and strengthen its AI-powered recruiting technology.
Advancing AI-Driven Recruitment
Loxo offers a horizontally integrated, AI-powered recruiting platform designed to manage the entire recruitment lifecycle through a single system-of-record software solution. According to market research commissioned by Tritium Partners, Loxo was ranked highest in net promoter score among the largest Applicant Tracking Systems (ATS) in the US and UK. It also ranked first in AI-driven features, user experience, and ease of implementation.
Matt Chambers, CEO of Loxo, stated:
“This significant growth investment from Tritium Partners marks a transformative moment for Loxo, validating our vision and enabling us to push the boundaries of what’s possible in system-of-record recruiting platforms. The partnership should help us accelerate our mission to deliver the best AI-powered talent intelligence platform in the market, increasing the speed at which we are able to deliver innovative products for our customers.”
Strategic Leadership and Expansion
As part of this growth initiative, Paul Bartlett will join Loxo as Executive Chairman to support the company’s expansion strategy. Bartlett has over 20 years of experience in building enterprise technology companies, most recently serving as CEO of CloudPay, a global payroll and payment solution.
Paul Bartlett commented:
“I am thrilled to join Loxo and work with the team in striving to provide the most user-friendly AI-powered tools for recruiters across the globe. The industry is evolving rapidly with the adoption of AI and its ability to enhance and improve workflows, assessments, and talent interactions.”
Chris Steiner, Partner at Tritium Partners, emphasized Loxo’s position as an industry leader:
“We view Loxo as a true innovator in this space and believe the company is well positioned to meet the growing demand for intelligent hiring solutions. We are excited to partner with Matt and the team to seize this opportunity and propel the company into its next phase of growth.”
With this investment, Loxo aims to accelerate innovation, enhance AI-driven capabilities, and strengthen its leadership in the recruitment technology market.
