Gulf CountriesStartups

Scalers Secures 7 Million SAR Investment to Revolutionize Recruitment with Advanced Technology

Scalers, a company specializing in human resources and recruitment solutions, has closed an investment round of 7 million Saudi Riyals, led by SEDCO Holding and Access Bridge Ventures. This round will contribute to the continued development of the company’s products and recruitment services, and accelerate its market expansion efforts in various job sectors.

Founded in 2020, Scalers asserts that it assists hiring managers in filling high-quality job vacancies 10 times faster than traditional methods. This is achieved by providing immediate access to pre-sorted and filtered talent, along with richly informative recruitment profiles for each candidate. The selection of each candidate is based on hundreds of criteria reflecting the specific needs of each recruitment partner.

The company ensures the eligibility of each candidate through interactive tests, then directly connects qualified talents with companies when job vacancies are available. Scalers’ system aids recruitment partners in closing vacancies by organizing operations, scheduling interviews, and negotiating with candidates.

Commenting on the round, Mohammad Al Said, CEO and Co-Founder of Scalers, said, “Our platform is more than just a bridge to high-quality talent; it’s a comprehensive recruitment assistant. Imagine having a super recruitment officer available anytime you need, who works on selecting candidates even before you need them, equipped with market insights and a deep understanding of your candidate selection criteria.”

Faisal Al Gathbar, COO and Co-Founder, added, “We do more than just connect; we are redefining how hiring managers attract talent.”

Mohammed Goni, CTO, and Co-Founder, remarked, “Scalers leverages advanced matching algorithms and precise filtering processes to offer a pool of talents whose qualifications are pre-verified and unmatched in quality. Each candidate profile is a result of meticulous selection from thousands of successful recruitment operations, ensuring immediate access to suitable talents for recruitment managers.”

The company’s statement indicates that it has experienced a threefold quarterly growth and a tenfold increase over the previous year, with strong customer engagement, as the majority of its active monthly users are also active weekly.

On leading the round, Qusai Al Saif, CEO and Managing Director of SEDCO Holding, said, “Our investment in Scalers, a leading recruitment platform in Saudi Arabia, aims to leverage its advanced matching algorithm to seamlessly connect employers with job seekers, addressing the growing talent gap in the region.”

Al Saif continued, “The talent acquisition and recruitment market in the Middle East is expected to reach $86.1 billion USD by 2028, with a compound annual growth rate of 9.4% from 2023 to 2028. We believe the Scalers team has the potential to become a cornerstone in the Saudi Arabian employment market, which is the largest in the Middle East and North Africa region.”

Rakan Al Rashed, Partner at Access Bridge, said, “The startup ecosystem in Saudi Arabia is flourishing, especially driven by emerging tech companies. We witnessed a 37% growth in small and medium-sized enterprises in the third quarter of 2023, particularly propelled by these tech startups. We are witnessing a unique moment in our economic history where startups are literally leading the way, and we believe Scalers has the necessary resources to thrive in this distinctive era. Thanks to Scalers, hiring managers can now attract the best talents in the shortest time possible, easier than ever before. We see exceptional customer value and are pleased to support a strong founding team.

Related Articles

Back to top button