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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.
Industries
Data & Analytics
Enterprise Software
Company Size
11-50
Company Stage
Series A
Total Funding
$12.4M
Headquarters
San Mateo, California
Founded
2020
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Total Funding
$12.4M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Competitive salary & stock options
Medical, dental, vision insurance
Unlimited PTO
12-week paid parental leave
Remote-first company culture
WFH stipend
Team outings
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.
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Industries
Data & Analytics
Enterprise Software
Company Size
11-50
Company Stage
Series A
Total Funding
$12.4M
Headquarters
San Mateo, California
Founded
2020
Find jobs on Simplify and start your career today