Thursday, March 30, 2023

TopFunnel Acquires Employee Referral Platform Teamable

TopFunnel Acquires Employee Referral Platform Teamable

TopFunnel, the AI-powered recruiting startup, announced the acquisition of Teamable to supercharge referral-based recruiting. Teamable is the employee referral platform that transforms social networks into high-performance talent pools.

We’ve long admired what Teamable has made possible for employee-based recruiting. And in talking with the team, it was immediately clear that we share an aligned worldview when it comes to taking the work out of recruiting so that companies can actually focus on building great products and strong teams,” said Justin Palmer, founder, and CEO of TopFunnel. “Teamable’s technology is really complementary, enhances our ability to deliver on our promise to customers, so we’re excited to join forces to take our platform to the next level.”

TopFunnel’s AI-driven approach automates much of the recruiting process, helping to source the right candidates for the right roles — and send them the right message. Similarly, Teamable’s referral software aggregates employees’ contacts from their social and professional networks to provide recruiters with a more focused group of potential candidates. The combined platform will help deliver better recruiting recommendations, and each product will also continue to be available on a standalone basis.

“As joined forces, we can offer solutions that no one else can offer in the market,” said Meruzh Danielyan, who founded Teamable and now joins TopFunnel as COO. “Teamable will continue its mission of connecting people to work they love, and now we can extend beyond referrals — helping companies to manage everything from outbound efforts to inbound and scheduling. Moreover, our professional services team will be able to help with planning, sourcing, and even candidate screening if necessary. We couldn’t be more thrilled.”

The addition of Teamable follows TopFunnel’s previous acquisition of Clara Labs, an AI-powered virtual assistant that helps recruitment teams ensure that potential candidates have a great experience, get time on the calendar, and speed up a time to hire.