CBREX raised $3 Mn in a pre-Series A round led by WaterBridge Ventures.

Business to business driven talent sourcing platform CBREX has raised $3 million in a pre-Series A round led by WaterBridge Ventures. The Bengaluru-based had previously raised $1.1 million in 2019 from a few Indian high net worth investors.

he freshly raised funds will be used to ramp up US go-to market, on sales and marketing for new markets, and building new products.

The platform, which is currently present in over 20 countries, will now expand its engineering teams, as well as hire for design roles.

Founded in 2016 by Gautam Sinha, Sanjeev Punwani, Karunjay Anand and Divya Chetan, CBREX is a business to business talent sourcing platform connecting enterprises to recruitment agencies across the world. CBREX introduces a tech stack in the agency hiring process of an enterprise enabling them to widen their talent sourcing funnel. Enterprises have access to vendor analytics, fill ratios, pipeline analysis which automates their vendor engagement process making it more efficient and bringing down the time to hire.

CBREX’s customers include enterprises in technology, healthcare and pharma with expansion into other tech-driven roles like robotics and financial services. The firm says it has platform processing more than 1,000 resumes a week with a shortlist ratio of 83%, it has enabled hiring in 22 countries in quick time.

Early stage VC firm WaterBridge Ventures had raised $150 million for its Fund II in November last year. The firm has backed startup across stages including Atlan, Bijnis, CityMall, Chalo, DoubtNut, Magicpin, PocketPills, Unacademy and most recently BimaKavach.

READ ALSO:-

Suwasthi raises INR 2CR fund from Velocity

Multimodel Suply chain startup Intugine raises INR 19CR in pre-series A fund round

Proptech Startup Homesfy raises $1.1 Mn from early-stage growth Investors

Related

DVARA KGFS Raises $10 Mn in Debt Funding Round

Dvara Kshetriya Gramin Financials (DVARA KGFS), an NBFC operating...

Funding Alert: “Eternz Raises $1.15 Mn in Pre-Seed Funding”

Eternz, a curated vertical marketplace for jewellery, has raised...

Funding Alert: BharatRohan Raises $2.3 Mn in Pre-IPO Round

BharatRohan, an agritech firm focused on drone-based hyperspectral remote...

JIIF Incubated Startup Select Brands Raises 6.5 Cr in Pre-Series A

Select Brands, incubated at the JITO Incubation and Innovation...

Parseable Raises $2.75 Mn in Seed Round from Surge

Bengaluru-based log analytics startup Parseable has raised $2.75 million...