Drafted Announces $2.5M Seed Funding
Drafted Announces $2.5M Seed Funding from Accel, General Catalyst, and Lightspeed
Drafted, a mobile app focused on hiring through referrals, has raised a total of $2.5M to date in seed financing from VC firms Accel, General Catalyst, Lightspeed Venture Partners, and others. The funding will be used to accelerate Drafted’s growth and continue building the team.
Drafted launched in beta exclusively in the Boston tech community in May 2015, with plans to expand to other cities and verticals later this year. In less than two months, more than 50 Boston employers joined the platform, including companies like Hubspot, M.Gemi, and Drizly. Almost $500,000 in rewards are up for grabs, with some individual rewards as high as $15,000.
“Referrals work because of the people that make them. We are making it super easy and rewarding for people to do what they already do - helping their friends. And unlike many other aspects of the process, Drafted is actually fun to use,” said founder and CEO, Vinayak Ranade.
The mobile-first platform enables hiring managers to enter the vital details of the job they are trying to fill in a matter of minutes. They can then set a reward for filling the position and share it with their colleagues through social networks, text and email. Those who receive a job notification on Drafted can either apply themselves, or simply forward the job along to a friend. A job can be forwarded many times, creating chains of referrers that connect the hiring manager to prospective hires. When someone is hired, everyone in the successful chain of referrers splits the reward, including the new hire.
“It’s probably the easiest fun way in the world to make a few grand. It takes two minutes. Plus you are helping somebody get a job.” said Paul English, KAYAK co-founder and Drafted investor.
Drafted makes referral-based hiring fast, fun, and rewarding. The free Drafted mobile app is available in both the iOS and Android app stores. Designed and built in Boston by alumni of KAYAK and MIT, Drafted is the easiest way to help your friends find jobs while being appreciated by the companies that hire them.
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