Technology

Hourly worker hiring platform raises $3.4M

Provided

January 11, 2021

South Carolina startup company, Sprockets, has raised $3.4 million to help their customers hire applicants who are the precise fit for their needs.

"We started Sprockets to make a profound change to a hiring process that is plagued with inefficiencies and bias," Sprockets CEO AJ Richichi said in a company press release. "This investment changes the scale of that mission, and we were thrilled to find partners that believe in its integrity."

Sprockets' Applicant Matching System evaluates potential hires based on the traits of a company's best employees to determine if they will be the right fit for the organization. There is none of the guesswork, frustration or expense of high turnover, said Richichi about the process, which he said has worked for franchisees of companies like McDonald's, Chick-fil-a and HomeWell.

Lytical Ventures, Thayer Ventures, Healthy Ventures and VentureSouth participated in the funding, and each brings years of experience in various industries to expand Sprockets' reach to verticals dependent on an hourly workforce. The money sets up the SaaS company up for significant expansion within the foodservice, healthcare and hospitality markets.

"With an U.S. unemployment rate of approximately 10%, finding entry-level employees isn't a problem," Anya Schiess, general partner of Healthy Ventures, said in the release. "Identifying which employees will be the best performers within your organization is a problem. Retaining your best employees is a problem. Maintaining a productive culture is a problem. Sprockets solves these problems."