ModernLoop

ModernLoop

Automates interview scheduling and coordination

Overview

ModernLoop provides a platform for recruitment teams to manage interview scheduling and coordination as companies grow. It automates who, when, and where interviews happen, reducing back-and-forth and reschedules. The product operates by balancing interview loads to avoid interviewer fatigue, deeply integrating with existing HR and applicant tracking systems, and enabling process creation for interviewer training. Unlike loosely connected scheduling tools, ModernLoop ties scheduling to automation and integration so teams can scale their interview operations without extra manual work. Its goal is to help growing companies hire faster and more reliably by streamlining every step of the interview process.

YC Company

About ModernLoop

Simplify's Rating
Why ModernLoop is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

11-50

Company Stage

Series A

Total Funding

$12.4M

Headquarters

San Mateo, California

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Accel-led $9M Series A in 2022 extends runway for growth.
  • Y Combinator W21 cohort accelerates customer acquisition like Instacart, Dropbox.
  • Slack CEO Butterfield and Zoom CEO Yuan back scalability vision.

What critics are saying

  • Calendly's free tiers capture SMBs, eroding ModernLoop's paid base.
  • Lever's ATS bundles scheduling, displacing ModernLoop in tech firms.
  • No funding since 2022 burns $12.43M runway by mid-2026.

What makes ModernLoop unique

  • ModernLoop automates interview scheduling with load balancing to prevent fatigue.
  • Deep ATS integrations ensure accurate data and seamless coordination.
  • Process creation tools enable customized interview training workflows.

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Funding

Total Funding

$12.4M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$9M
ModernLoop
$15M
Canva
$30M
Kalshi

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

Headcount

6 month growth

0%

1 year growth

-9%

2 year growth

0%
TechCrunch
Aug 23rd, 2022
Modernloop Aims To Automate The Process Of Scheduling Job Candidate Interviews

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

Ignite Organizations
Aug 1st, 2022
Market Watch for Talent & HR Aug 2022

Some relevant acquisitions in the HR technology market in August: Harver acquired Pymetrics.

The Business Journals
Oct 5th, 2021
Early Money: Pair of e-commerce startups top 10 Bay Area seed fundings

Ten Bay Area startups landed seed rounds in the past week, including a pair that focus on e-commerce. Here are the details.

TechCrunch
Oct 5th, 2021
Accel Partners invested into Modernloop in $3.3M on Oct 5th 21'.

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.

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