SCRA Announces SC Launch Investment in Engage Talent
Wednesday, June 20th, 2018
SCRA’s seed capital investment affiliate, SC Launch, Inc., recently finalized an investment in ENGAGE Talent, based in Mount Pleasant, SC. This is the second tranche for the company that was accepted as an SC Launch Client Company in December 2014. The investment completed ENGAGE’s recent $3 million funding round that will be used to further develop its recruiting AI platform.
ENGAGE is an AI-powered platform that helps recruiters and talent acquisition professionals to predict people’s job alignment and likelihood to change jobs based on their professional background, career progression, and events impacting their company and industry. Recruiting professionals use ENGAGE to conduct market research, identify talent pools to target, and build a pipeline of passive candidates who are more likely to engage in a job change discussion. The company was recognized as a finalist for Tech. Co’s Startup of the Year and was named as one of the ‘HR Tech Companies to Watch’ by HR Examiner and Recruiting Daily.
“We are honored and privileged to have an amazing group of investors supporting us. SC Launch started their involvement with the company back at the concept stage and continue to be a key partner. We are eager to use this investment to continue our innovation and better service our customers," said ENGAGE CEO Joseph Hanna.
“ENGAGE is shifting the paradigm for talent acquisition and recruitment. It is exciting to see how their leadership team and platform has impacted their industry.” said SCRA Director of Entrepreneurial Programs and SC Launch Executive Director, Jill Sorensen. “We look forward to their continued growth.”
SCRA is a state-chartered organization that fosters job creation and grows South Carolina’s Innovation Economy. SC Launch is SCRA’s entrepreneurial platform that provides mentoring, grants and investments to qualified, South Carolina companies in the Advanced Materials/Manufacturing, Information Technology and Life Sciences industries.