NBIF funding to help HR software provider Qimple shift from start-up to scale-up company

June 16
13:44 2016

New Brunswick Innovation Foundation (NBIF) has re-invested in human resources software provider Qimple, leading its $1.1 million Seed Round in an effort to help the company humanize its online hiring experience. Green Century Investment, a Canadian private equity and venture capital firm, also participated in the round.

Based in Moncton, New Brunswick, Qimple was founded in 2014 by CEO Yves Boudreau and CTO Benoit Bourque. The company was previously funded by 500 Startups and BDC Capital.

NBIF first invested $100,000 in Qimple two years ago as a start-up – before the company launched and started raising capital.

Calvin Milbury, NBIF President and CEO says, “Now that they’ve launched their product and are showing good market adoption, we’re helping them to go from a start-up company to a scale-up company and accelerate their growth. The passion and commitment Qimple has for building a great product is unique and powerful. We are excited to be part of it and to be supporting the growth of the startup ecosystem in New Brunswick.”

Qimple is approaching $1 million in revenue since company inception and has doubled its team to 12 people in the past three months. The product launched in 2015 as a quick and simple hiring solution. Today, the company has been strategically evolving away from traditional online hiring practices into a more comprehensive approach with a personal touch.

“Our platform boosts job-seeker self-esteem and we’re proud to say that we receive daily positive feedback from job seekers on how rewarding and empowering the application experience is for them. Job seekers who are upbeat and optimistic perform better in interviews, are more likely to receive offers, and enter jobs ready to help their teams succeed. We’re proud of the role we play in that,” says company Co-Founder and CEO Yves Boudreau.

In addition, the company says it will soon be launching the world’s first Resume Snapshot tool in an applicant tracking system.

Qimple has been busy over the past year building a unique product that breaks down barriers and fundamentally improves the hiring experience. “We’re excited to see how people will react to what we release in the future and are even more excited to see that our investors believe in our team and product so much,” says Boudreau, “we are clearly doing something that is different and better for everyone.”

Qimple provides an online hiring platform to improve the way employers and job-seekers interact. This round brings the company’s total funding to $1.6 million. Qimple says will use the funds to grow its team and further break-down the barriers associated with online hiring practices.

Read the Press Release

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