Workables

Workable provides a cloud-based recruitment and human resources management platform, operating as a software-as-a-service (SaaS) business. Founded in 2012 in Athens, Greece, by Nikos Moraitakis and Spyros Magiatis, the company was established amidst a significant debt crisis. The founders, both alumni of the company Upstream, identified an opportunity in the enterprise software space for recruitment, which they felt was populated by archaic systems. Their goal was to create a product-first company focused on redefining the hiring experience for small to medium-sized businesses (SMBs) and high-growth tech companies.

The company's platform serves businesses of all sizes, helping them manage the entire hiring process. Workable makes money through a pay-as-you-go model for smaller companies and other subscription-based plans. Key features of the software include tools for broadcasting job openings to over 200 sites with a single click, an applicant tracking system (ATS), candidate sourcing, interview scheduling, and workflow automation. The platform utilizes artificial intelligence to source and recommend candidates, draft job descriptions, and automate administrative tasks, allowing recruiters to focus on interviewing candidates and collaborating with hiring managers. The service also expands into broader HR functions like creating personalized new hire onboarding portals, managing employee profiles, and handling e-signatures for documents.

Workable has seen significant growth, raising a total of $84.9 million in capital over several funding rounds. Early seed funding of approximately $780,000 came from Openfund in 2013, followed by a $1.5 million investment from Greylock Israel in 2014. A major Series B round in 2015 brought in $27 million, led by Balderton Capital. In 2018, the company secured $50 million in a growth financing round led by Zouk Capital, with participation from previous investors like 83North and Balderton. Originally founded in Athens, the company later moved its headquarters, establishing bases in London and eventually Boston, Massachusetts, where it is now based. By 2018, over 20,000 companies had used Workable to evaluate 50 million candidates across 100 countries.

Keywords: recruiting software, human resources management, applicant tracking system, SaaS, HR tech, hiring platform, SMB recruitment, candidate sourcing, recruitment automation, AI in recruiting, employee onboarding, Nikos Moraitakis, Spyros Magiatis, Workable, cloud-based HR, talent acquisition software, job posting aggregation, interview scheduling tool, candidate management, HR workflow automation