CodersRank, a Hungarian startup focused on transforming IT recruitment, has secured a 365 million HUF investment from Hiventures to accelerate its development and expand its platform.
Information on the Target
CodersRank, a startup based in Debrecen and part of the Az MFB Group's Hiventures, has secured an investment of 365 million HUF as it aims to revolutionize the global IT recruitment market. The startup offers a unique solution for assessing software developers by creating comprehensive 360-degree profiles based on their digital footprint and actual work experiences, eliminating reliance on traditional resumes.
Founded by the Innonic Startup Studio in 2017 to address the growing challenge of developer recruitment in Hungary, CodersRank has already attracted over 18,000 developers from around the world. The company's long-term goal is to expand this user base to 1.5 million, offering personalized training and networking opportunities tailored to developers' needs.
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Industry Overview in Hungary
The IT recruitment landscape in Hungary is currently facing significant challenges, with estimates indicating a shortfall of about 30,000 developers in the labor market. This gap has prompted various startup
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Hiventures
invested in
CodersRank
in 2019
in a Seed Stage deal
Disclosed details
Transaction Size: $1M