|12 June, 2017

Algorithmic job matching platform Bloovo.com raises funds

BLOOVO announced that it has closed a US$3 million funding round from various investors.

Employers' base reached 1,850 as of May 2017

Key investors include Al Shafar, Al Serkal and Al Ghussain families from the UAE
Dubai, June 12, 2017 - BLOOVO.COM announced today that it has closed a US$3 million funding round from various investors. Noble Partners led this round, generating a great interest from investors including ProCapita HR Consultancy and Sulaiman Al-Rubaie from Kuwait, Al Shafar, Al Serkal and Al Ghussain families from the UAE, Mohamad Moosa Abdulrahman Investment Office from Oman, and other GCC investors.

BLOOVO.COM, an innovative and fast growing algorithmic online recruitment platform, was born in Dubai Internet City in early 2016 adopting data science in the recruitment process. BLOOVO.COM has initiated its growth plan to solidify its market presence, strengthen its team and grab a larger market share. BLOOVO.COM continually gains momentum, rapidly growing its employers’ base from 260 employers in 2016 to over 1,850 employers as of May 2017.

“We are obsessed with a big vision of becoming the most innovative online recruitment platform globally, gaining the unicorn status in the longer term”, said Ahmad Khamis, BLOOVO.COM’s Co-founder and CEO.

BLOOVO.COM aims to accelerate the company’s growth across the MENA region over the next 18 months, then internationally, and eying investors from Asia, Europe and the US to capture the huge potential of their growing business, said Khamis.

Scientific matching percentages, success probabilities, in-depth applicant analysis,  candidate video pitches, among many other creative features mean BLOOVO.COM is at the forefront of online recruitment innovation, said Khamis.

Ammar Al Khushashi, Managing Partner at Noble Partners, says that the venture capital industry in the MENA region is set to grow tremendously over the next 5 years, evidenced by the recent number of transactions completed in the region. “This market is rich with opportunities and is rapidly growing, which positively affects the development of a more enhanced ecosystem”, said Al Khushashi. “We have noticed a gradual shift in investors mindset to include technology investments within their portoflios, which is growing nicely in this part of the world.”

Ammar Al Malik, Executive Director of Dubai Internet City, said: “We are excited for the team at BLOOVO.COM and congratulate the team on a successful round of funding. The company has come a long way and turned what was a bright idea in 2015 into a valued technology business in only 18 months. Success stories such as that of BLOOVO.COM demonstrate how a supportive business community can make all the difference to aspiring entrepreneurs when bringing an idea to market. Dubai Internet City is pleased to support the tech ecosystem grow and succeed.”

Samer Al Qudah, Regional Partner at Al Tamimi Law Firm, said: “We are so impressed with BLOOVO.COM’s growth. We were there from day 1, assisting them. We not only helped establish them legally, but also we managed their trade mark registration across 40 countries including the US, European Union, China and India. The team at BLOOVO.COM is smart and highly professional, and we are confident that BLOOVO.COM will be another regional success story.”

About BLOOVO.com
BLOOVO.com is an Online Social Recruitment platform, which has started its operations in January 2016. BLOOVO.com aims at revolutionizing the companies’ recruitment processes across the MENA region. The platform offers exclusive never-seen-before innovative features like Scientific Matching, Data-Fuelled Analytics, Employer Candidate Management System, Interactive Application Tracking System, Candidate Elevator Pitches, and Unlimited Users for Employers. BLOOVO.com was established to bridge the existing gap in the online social recruitment domain and provide better and more affordable services to employers and job seekers. BLOOVO.com has also partnered with leading HR Consultants to provide meaningful advice to job seekers through career coaching & counselling conducted via interactive video streaming.

For further information, kindly visit Bloovo.com.

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© Press Release 2017

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