ModernLoop

Streamlines interview scheduling and coordination

San Mateo, California, United States

About ModernLoop

ModernLoop provides a platform that simplifies the interview scheduling and coordination process for businesses with high hiring demands. The platform works by automating various aspects of the interview process, including scheduling, communication, and coordination, which helps companies manage their recruitment efforts more effectively. Key features include load balancing to reduce interviewer fatigue, deep integration with existing systems for accurate data, and tools for creating interview training processes. This focus on automation and efficiency sets ModernLoop apart from competitors, as it allows businesses to save time, minimize rescheduling, and better prepare both interviewers and candidates. The goal of ModernLoop is to support companies in scaling their recruitment processes smoothly and efficiently.

San Mateo, CaliforniaHeadquarters
2020Year Founded
$12MTotal Funding
SERIES_ACompany Stage
Consulting, Enterprise SoftwareIndustries
11-50Employees

Benefits

Competitive salary & stock options
Medical, dental, vision insurance
Unlimited PTO
12-week paid parental leave
Remote-first company culture
WFH stipend
Team outings

Risks

Economic turbulence may reduce demand for recruitment technology platforms like ModernLoop.
Increased competition from established HR tech companies threatens ModernLoop's market position.
HR departments may prefer comprehensive HR solutions over specialized tools like ModernLoop.

Differentiation

ModernLoop automates interview scheduling, reducing manual coordination for recruiting teams.
The platform integrates with existing systems, ensuring accurate and seamless information flow.
ModernLoop offers load balancing to prevent interviewer fatigue, enhancing the interview process.

Upsides

Growing demand for remote interview solutions boosts ModernLoop's market potential.
AI-driven recruitment tools align with ModernLoop's automation capabilities, enhancing candidate experience.
Integration with Slack and Microsoft Teams enhances ModernLoop's platform usability.

Funding

Total raised$11.96 M
Latest valuation$45.00 M
StageSERIES_A
SEED
9/30/2021
$3
$16.50 M