We are excited to announce we closed our first round of funding at a post-money valuation of $5M USD (1Billion LKR). Our funding round includes a diverse set of angel investors across Sri Lanka, Australia, and a Germany-based recruitment firm Headfound.com—raising a total of $610K (122M LKR).
We started Rooster in March 2020 to bridge a gap in the recruitment system: Candidates did not get feedback from prospective employers, and existing technology was too expensive for small businesses.
Rooster’s mission was to build a simple, affordable and accessible applicant tracking system with a focus on candidate experience, and we are happy to say that we have fired updates (both good and bad) to over 10,000 candidates across the system over the last 12 months.
We imagine a world where anyone is able to find work that they love. With Rooster, our goal is to increase the speed of shortlisting and rejections so candidates can meet employers that fit them best.
Over the next 18 months, we will be using the funds raised to build a recruitment experience that anyone around the world would love. We are happy to partner up with a group of incredibly special investors that buy into the same vision and philosophy as we do.
It is important that recruitment technology is inexpensive to allow SMEs across emerging markets the ability to afford it with ease. This is why Rooster has made the first 25 applicants completely free and our talent pool services available for any premium user.
We are proud to have the resources required to build an accessible recruitment tool for the world. We invite you to play around with our platform tool by creating your free account.