Teal, an AI-powered career platform, has successfully raised $7.5 million in Series A funding, bringing its total capital to $19 million. With backing from CityLight Capital, Flybridge, Rethink Capital Partners, and Lerer Hippeau, Teal is set to expand its portfolio of AI-driven tools designed to simplify and accelerate job searches. Amid the challenges of today’s labor market, Teal offers innovative solutions to empower job seekers and reduce the average 20.6 weeks it takes to secure employment, as reported by the U.S. Bureau of Labor Statistics.
- AI-Powered Career Tools
- AI Resume Builder: Automates resume creation for optimized job applications.
- Job Tracker and Job Search Board: Centralizes and simplifies job searches.
- Chrome Extension: Enhances job applications with integrated support.
- AI Interview Coach
- Simulates two-way interview conversations tailored to specific roles.
- Provides real-time feedback to refine answers and improve confidence.
- Empowers candidates to articulate skills and experiences effectively.
- Offer Evaluation and Negotiation Support
- Offer Evaluation Tool: Delivers personalized job offer analyses based on market data.
- Negotiation Support Tool: Offers templates, scripts, and guidance for securing raises or better offers.
- User Growth
- Over 2 million members across free and paid offerings.
- Assisted users in saving 7+ million jobs and landing nearly 400,000 interviews.
- Efficiency Improvements
- Reduced application preparation time by 97%, transforming an 8-hour task into a matter of minutes.
- Leadership Expansion
- Appointment of Sumit Gupta as CTO, bringing 20+ years of experience in AI and fintech innovation.
- David Fano, Founder and CEO, Teal:
- “Teal automates the process of finding, applying for, and landing jobs. With our new funding, we aim to scale globally, helping job seekers take control of their careers.”
- Jeff Rinehart, Partner, City Light Capital:
- “Teal empowers professionals with world-class tools to make informed, guided career decisions.”
- Jesse Middleton, General Partner, Flybridge:
- “Teal’s rapid growth redefines the job market through industry-leading technology, and we’re thrilled to support their mission.”
Teal’s innovative AI-driven career solutions are revolutionizing the way professionals navigate the job market. By equipping users with tools for resume building, interview preparation, and offer evaluation, Teal empowers job seekers to make confident, informed decisions. With new funding and ambitious plans for global expansion, Teal continues to redefine career management for a dynamic and fast-evolving workforce.
