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Crowdsourced recruiting company Teamable raises funding, announces acquisition

San Francisco-based Teamable, which leverages social networks to operate a hiring platform, has raised $5 million in additional funds and acquired Simppler, which developed machine learning-based matchmaking technology that focuses on finding people to hire. Terms of the acquisition were not disclosed. Teamable raised the funds from new investor Foundation Capital and previous investors True Ventures and SaaStr Fund. The company has now raised $10 million since it was founded in 2013. Foundation was also an investor in Simppler, along with Greylock Capital. Simppler, which had raised more than $3 million in funding, was the brainchild of Vipul Sharma, who earlier in his career ran machine learning engineering at Eventbrite.

Source: Company announcement