$7.0m+ Series A funding round commences following successful product launch at SXSW and strategic partnership with HireAbility

27 April 2017. Austin, Texas and Cambridge, UK. ThisWay Global, a Cambridge-based technology company, that has launched a software platform powered by machine learning for the recruitment industry, has launched its A-round fundraising in the US. This fundraise follows the Company’s successful $2.0m fundraise in Europe last year.

The round will seek to raise $7.0m+ from international investors experienced in HR tech, software,marketplaces and Artificial Intelligence (AI).

This further fundraise has been triggered by significant customer demand, following the launch of its platform, GPS4Jobs at SXSW, powered by ThisWay Global’s machine learning algorithm Match-icTM.

The Company will use the funds to expand sales and operations and develop further innovation to address the fatigue of hiring and finding a job.

The funds will support the Company as it expands its offering, focused on serving HR tech companies and internal human resource departments through its US, UK and European operations.

In addition, ThisWay Global has today also announced a strategic partnership with HireAbility, the provider of smart resume and CV parsing technology, see separate release.

Angela Hood, CEO at ThisWay Global, commented:

”This is the first time we have sought capital in the US following our successful fundraise in Europe last year.

“This funding will allow us to continue to build momentum around our recent product launch,which generated significant customer interest, and to expand our operations internationally.

We have been very pleased with the quality of investor interest and negotiations.

“Today’s recruitment processes are still based on manual applications and time consuming,biased resume reviewing and processing, done mostly on paper.

“Our technology revolutionizes the way companies recruit employees. GPS4Jobs is powered by our machine learning Match-ic algorithm and uses large-scale matching capacity and holistic analysis, to do in minutes what it would typically take a hiring manager 40 hours to
do.

“Our GPS4Jobs platform helps companies eliminate subconscious bias in the selection process and provides them with a much wider and diverse pool of potential, pre-screened employees.”

ThisWay’s AI platform reduces conscious and unconscious selection bias in candidate profiling which provides a better choice of truly diverse candidates that will improve businesses ROI.

The global recruitment industry is estimated to be worth $450 billion.

ThisWay has offices in Austin, Texas, and Cambridge, UK and will soon add one in Silicon Valley. The Company was incubated at ideaSpace at University of Cambridge. The Group’s development team includes experienced entrepreneurs with IPO exits, researchers and advisors from University of Cambridge and University College London (UCL).

Enquiries:

ThisWay Global

Angela Hood, CEO 512-535-0639

Mark Stevenson, COO 01233 451160

Instinctif Partners 020 7457 2020

Adrian Duffield/Chantal Woolcock/Chris Birt

About ThisWay Global - - https://www.thiswayglobal.com/
ThisWay Global was incubated for over two years at the University of Cambridge’s ideaSpace, and removes the challenges of the hiring process for businesses and individuals using its data analytics platform powered by machine learning.

ThisWay has developed a superior technology and methodology to help both businesses and individuals get more out of the time they invest in hiring, while eliminating conscious and unconscious bias in
candidate profiling and selection.

To find out more, meet ThisWay Global at the following upcoming events:

● DisruptHR, San Carlos, California, 27 April

       o ThisWay Global has sponsored the launch of the DisruptHR inaugural Bay Area event

       o DisruptHR is a global organization that has chapters in more than 70 cities hosting over

500 disruptive TedX-like talks per year focusing on changes transforming the workforce.

● HR Unconference, San Diego, California, 3 May

o Organised in more than 50 countries across the world and attended by over 6,000 people globally, HR Unconferences have no keynote speakers or presenters and emphasize peer to peer communication.

● RecTech Conference, Barcelona, Spain, 18 May

o Angela Hood, CEO ThisWay Global, will be holding a FireSide Chat at the conference

titled: White Collar: A market ripe for disruption as well

o A forum for thought and business leaders to explore and discuss trending issues in online recruitment advertising

o Other speakers include: IBM Workforce Solutions,CV-Library, Glassdoor, Reed and ZipRecruiter