Codility has raised $22 million in a Series A funding round led by Oxx and Kennet Partners, aiming to expand its market share in the competitive tech hiring sector.
Information on the Target
Codility is an innovative platform designed to assist tech recruiters and hiring managers in evaluating candidates through online coding assessments. Recently, the company announced that it has successfully raised $22 million in a Series A funding round, led by Oxx and Kennet Partners. This marks the first instance of external funding for Codility, which has operated as a bootstrapped business for the past decade.
Despite achieving double-digit annual recurring revenue during its ten years in operation, Codility’s leadership recognizes growth opportunities in the increasingly competitive tech hiring space. As such, the company is seeking external funding to expand its market share and enhance its offerings to clients.
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Industry Overview in the Target's Specific Country
The tech hiring landscape in the United States has evolved significantly in recent years, driven by rapid advancements in technology and changing workforce dynamics. The demand for skilled tech talent continues to ris
Similar Deals
Oxx and Kennet Partners
invested in
Codility
in 2023
in a Series A deal
Disclosed details
Transaction Size: $22M