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About ModernLoop
Industries
Consulting
Enterprise Software
Company Size
11-50
Company Stage
Series A
Total Funding
$12M
Headquarters
San Mateo, California
Founded
2020
Overview
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.
Simplify's Take
What believers are saying
- 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.
What critics are saying
- 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.
What makes ModernLoop unique
- 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.
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Funding
Total Funding
$12M
Below
Industry Average
Funded Over
2 Rounds
AccelIndustry standards
Benefits
Competitive salary & stock options
Medical, dental, vision insurance
Unlimited PTO
12-week paid parental leave
Remote-first company culture
WFH stipend
Team outings
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%With the economic turbulence, recruiting is slowing down. Layoffs.fyi, a crowdsourced tech startup layoffs tracker, shows that 60 companies executed layoffs within the past month or so, with over 16,000 employees laid off. It’s not limited to tech. According to a recent Gartner survey, one in three HR executives across all industries said their organizations had slowed hiring in response to the volatile market. But hiring hasn’t stopped completely. Instead, HR departments are being asked to accomplish more with fewer people, completing strategic work while balancing tasks like scheduling interviews, gathering feedback and moving processes forward. In lieu of expanded hiring and recruiting teams, Lydia Han makes the case that software can provide assistance — Han is the co-founder and CEO of ModernLoop, a platform built around a scheduling engine for remote interviews
Some relevant acquisitions in the HR technology market in August: Harver acquired Pymetrics.
Ten Bay Area startups landed seed rounds in the past week, including a pair that focus on e-commerce. Here are the details.
ModernLoop was part of the Y Combinator Winter 2021 cohort and announced it raised $3.3 million in funding, led by Accel, that included Webb Investment Network, some of Han’s former leaders at Brex and a Zoom product lead.
There are no jobs for ModernLoop right now.
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About ModernLoop
Industries
Consulting
Enterprise Software
Company Size
11-50
Company Stage
Series A
Total Funding
$12M
Headquarters
San Mateo, California
Founded
2020
There are no jobs for ModernLoop right now.
Find jobs on Simplify and start your career today