ModernLoop

ModernLoop

Streamlines interview scheduling and coordination

About

ModernLoop provides a platform that simplifies the interview scheduling and coordination process for businesses with high hiring demands. The platform helps companies manage their recruitment efforts more efficiently by automating scheduling, communication, and coordination tasks. 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 allows businesses to schedule interviews more quickly and optimize the entire coordination process. Unlike competitors, ModernLoop focuses on automating the interviewing process, which saves time and reduces the need for rescheduling, making it a valuable partner for companies looking to scale their hiring efforts. The goal of ModernLoop is to enhance the recruitment experience for both interviewers and candidates, enabling businesses to concentrate on other important recruitment initiatives.

Company Stage

Series A

Employees

11-50

Industries

Consulting, Enterprise Software

Total Funding

$12M

Headquarters

N/A

Founded

2020


Simplify Jobs

Simplify's Take

What believers are saying

  • ModernLoop's automation capabilities can significantly reduce the time and effort required for interview scheduling, allowing HR teams to focus on strategic tasks.
  • The recent $3.3 million investment from Accel and other notable investors provides a strong financial foundation for growth and innovation.
  • Being part of the Y Combinator Winter 2021 cohort adds credibility and access to a vast network of resources and mentorship.

What critics are saying

  • Economic turbulence and slowed hiring rates could reduce the demand for recruitment technology solutions like ModernLoop.
  • The competitive landscape in HR technology is fierce, with many established players potentially overshadowing ModernLoop's niche offerings.

What makes ModernLoop unique

  • ModernLoop's focus on automating interview scheduling and coordination sets it apart in the recruitment technology market, where many competitors offer broader HR solutions.
  • The platform's load balancing feature to prevent interviewer fatigue is a unique offering that enhances the interview process.
  • Deep integration with existing systems ensures accurate information flow, making ModernLoop a seamless addition to a company's recruitment tech stack.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

17%

2 year growth

22%

Benefits

Competitive salary & stock options

Medical, dental, vision insurance

Unlimited PTO

12-week paid parental leave

Remote-first company culture

WFH stipend

Team outings

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