London-based Tech Recruiting Platform and SaaS provider for developer assessment Codility raised its Series A funding. The round was funded by Oxx and Kennet Partners. This marks the end of a 10-year streak of being bootstrapped to double-digit ARR.
Codility raised $22 Million, which comes after securing a phenomenal year in 2019. With 9 million online assessments worldwide, and evaluating 455k developers, the company heavily invested in research, marketing and sales, customer success and product development. This has led Codility to become a unique software platform that helps tech recruiters and hiring managers asses
s their candidates’ skills by testing their code online in a very short time.
Natalia Panowicz, CEO of Codility said that the newly-raised capital will be used to expand marketing and engineering departments. In addition, the EU-based company will also increase product development.
In 2020, the company will chase series of rebranding and marketing campaigns, which includes —
- Re-launch of branding and website
- Better CodeLive experience
- New and broader library tasks
- Deep data-dives for customer insights
Currently, Codility has leading B2B data and marketing companies in its client roster. These include Rakuten Marketing, Okta, Microsoft, PayPal, SurveyMonkey, Barclays, and others.
Codility is competing in the skill assessment and tech recruiting marketplace alongside established names such as Hacker Noon, TestDome, BreezyHR, CodeSignal, Jobvite, and devskiller.