Round co-led by Stripes, Sapphire, and Thoma Bravo; with participation from Workday Ventures, Indeed, Willoughby Capital, Twilio Ventures, Blue Cloud Ventures, Geodesic, Principia Growth, DLA Piper Venture Fund and current investor Brighton Park Capital. New funding will help the fastest-growing company in HR Tech double its team and accelerate innovation for world-class clients.
Paradox, the conversational recruiting platform built to give every recruiter, hiring manager, and talent professional an assistant to get work done, today announced a $200M Series C investment. The round was led by Stripes, Sapphire, and Thoma Bravo, and included participation from Workday Ventures, Indeed, Willoughby Capital, Twilio Ventures, Blue Cloud Ventures, Geodesic, Principia Growth, DLA Piper Venture Fund and current investor Brighton Park Capital.
Marketing Technology News: NAILBITER Secures $13.3 M Funding through U.S. Boston Capital Corporation
Paradox’s vision is embodied by Olivia — the conversational AI assistant helping companies like Unilever, Nestle, McDonald’s, CVS Health, and General Motors automate tasks like candidate screening, interview scheduling, onboarding, and more through smart, simple, mobile-first experiences. In just five years, Olivia has helped 500+ global clients save millions of hours of manual work — freeing their teams up to spend time with people, not software.
“When we created Paradox, we saw a future where software became invisible — driven by conversations that untether people from their desktop through an assistant who gets work done for them. That vision is now taking hold in some of the biggest companies in the world and we couldn’t be prouder of that accomplishment,” said Paradox founder and CEO, Aaron Matos.
Marketing Technology News: Mimecast: The Rise of Ransomware During the COVID-19 Pandemic
“This fundraise was entirely about team building. It’s a new starting line in a bigger race that resets expectations of the future we can create with our clients. We’ll continue to build the most innovative software in the industry, all while we grow and develop Team Paradox — the collection of people working tirelessly every day to create magical moments for our clients and their candidates. We’re humbled and honored to partner with investors who share our vision.”
Helping Global Clients Solve Real, Painful Hiring Problems
Unilever Global Head of Employee Experience Tom Dewaele said his organization was attracted to Paradox in the first place because they saw a partner that thought differently about building recruiting software.
“For more than 120 years, Unilever has been a pioneer, innovator, and future maker — and when we look at technology partners, we seek out the same characteristics,” said Dewaele. “We’re proud to partner with Paradox to drive innovation around the experiences we create for candidates and our team.”
Michael Ferranti, Chief People Officer at Regis Corporation — one of Paradox’s earliest clients — shared that sentiment. “We operate in an incredibly competitive industry where speed and experience are critical for candidates and our franchisees,” Ferranti said. “Paradox checks both boxes — providing a fast, frictionless hiring experience that actually works. You don’t hear people rave about hiring software very often, but we’ve had fantastic feedback from the field. We can’t wait to continue building with their team.”
For Gui Neves, Global Talent Acquisition Sourcing and Solutions Lead at Nestle, Paradox’s impact has been twofold — helping recruiters get work done faster with automated interview scheduling and giving candidates an always-on concierge throughout the hiring process. “Olivia has been an incredible enhancement to our recruiting team’s day-to-day,” said Neves. “Our ability to engage with candidates across 47 countries in 18 different languages 24/7 has been critical to achieving our hiring goals, especially when candidates prefer to schedule their interviews on weekends or after working hours, as shown in Paradox reporting. We look forward to our continued partnership and success with Paradox.”
Marketing Technology News: Bridgeline Inks New Deal with Leading Promotional Product Seller
