“We’re thrilled to have the support of Slingshot Ventures and these experienced angel investors,” said Steye Kaersenhout Co-Founder and CEO of Cruit. “Their investment will help us continue to innovate and improve our platform, making it even easier for companies to find the best candidates through employee and community referrals. With their amazing network and knowledge, we can accelerate our sales and product development”.
Cruit has already seen significant success, with many companies reporting improved hiring outcomes and increased employee engagement as a result of using the platform. Crisp, the online supermarket, was one of their launching customers.
Cruit is a job referral software that turns employees and communities into the #1 source of applicants. With their app, people can share jobs, track their referrals, and earn amazing rewards. Cruit centralizes, optimizes, and expands referral programs due to super high mobile-only engagement - with an enormous decrease in cost-per-hire as a result.
Cruit helps employers tap into a vast pool of job seekers and significantly improve their hiring process by incentivizing employees and community members to refer qualified candidates.
Cruit recently launched its Public app. With this, not only employees can share the jobs and earn €2,000 per hire on average, but anyone who downloaded the Cruit app. In this way, companies can expand their referral program by more than 40% and reach unreachable networks. The app can be downloaded from the App and Android store.
About the investors
The round was led by Amsterdam-based Slingshot Ventures, together with some well-known HRTech angel investors (including investors from TestGorilla, Rodeo and Workify).
Marco Pieters, Managing Partner at Slingshot Ventures: "we are very excited about working together with Steye and his team. We believe that their platform can optimize a key bottleneck in every (growing) business; hiring. By turning literally everyone with a network into a ‘Cruiter’, the platform allows for quicker, higher quality and better-retaining hires".
Amsterdam-based Slingshot Ventures is a VC fund focused on investing in the future of digital consumer life, from pre-Seed up to Series A and beyond. The firm invests in the next generation of ‘successful’ entrepreneurs, who are building companies with strong brands, happy customers and healthy margins.
Co-Founder & CEO
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