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Video interviewing startup closes $325K funding round
A startup that offers a video interviewing platform for job seekers and recruiters has closed a $325,000 funding round.
Matt Baxter, founder and CEO of Holland-based Wedge, said last month his business closed the pre-seed funding round from various private investors in West Michigan, Chicago and Boston.
Together with a previous $150,000 angel round that closed in July 2017, Baxter said Wedge has raised just under $500,000 in total private funding since its inception.
Baxter said the funds from this latest round will go toward “further development of the product, launching of strategic partners and capturing market share, specifically marketing our product in the (small and medium-sized business) space.”
The first funding round has also allowed Wedge to “build product, beta test with customers (and) create scaling capabilities and operational capital,” Baxter said.
Baxter added: “We have fostered amazing relationships with Axios HR, West Michigan Works! and further expanded nationally with partners like MassPay, JazzHR and more” because of the funding.
Founded in 2015, Wedge is a platform that allows job seekers to record one-way, on-demand videos of themselves answering screener questions.
Once they have created their “Wedge,” users can generate a shareable link that can be included on a resume or in a cover letter.
Users can stick with the free account that provides just one Wedge or sign up for an enhanced version for $10 per year that allows unlimited takes, more questions and multiple saved videos.
The service is designed to help human resource departments save time screening candidates, while also giving job seekers who aren’t “good on paper” a succinct visual elevator pitch on their skill sets before the interview stage.
For $100 per month per user, HR departments can create an unlimited number of positions and interview an unlimited number of candidates using the platform.