Evolv On-Demand, a startup that develops science-based, on-demand talent matching and intelligence software, has raised $15.75 million in Series C funding, led by GGV Capital with Khosla Ventures and Lightspeed Venture Partners participating in the round. This investment brings the total capital raised by the company to $27.5 million.
Evolv’s Talent Matching and Talent Intelligence software is used by recruiters and employers to match the best job applicants to various job types based upon factors such as behaviors, skills, motivation and workstyle. Evolv claims that its SaaS platform reduces employee attrition by 20-30%, improves hourly employee productivity metrics by 5-10%, and helps improve annual operating margins by over 20%.
Evolv says the new capital will be used to accelerate the company’s expansion into new global markets, develop new products and for sales and marketing efforts.