Local firm JobShakers scores Mid-America Angel dollars
May 5, 2016 | Bobby Burch
JobShakers, a tech startup offering employee referral software, recently raised local capital to fuel its development and sales channels.
The Shawnee Mission-based company announced Thursday that it closed on a $265,000 seed investment from the Mid-America Angels Investment Network. The new injection of funds brings JobShakers’ total amount raised to $465,000.
“Having completed several months of beta testing with major Kansas City employers, our system is positioned for market rollout,” JobShakers CEO Kevin Fryer said in a release. “With this funding, we will expand our customer support capacity and our sales team.”
The company created an iOS and Android app that allows friends, families and colleagues to make referrals directly from their smartphones using their contact lists. The platform presents job postings alongside a user’s contact list, enabling quick referrals via a “drag-and-drop” method.
Founded in 2014, JobShakers is now pushing its product throughout the Midwest. The company targets referrals for skilled hourly workers, which represents nearly 60 percent of the U.S. workforce, Fryer said. Employers pay for the software is based on a per-referred-candidate-hired basis.
Fryer is also managing partner of SparkLabKC, a Kansas City business accelerator whose future is now uncertain as it looks for new management.
George Hansen, executive director of the Mid-America Angels Investment Network, said that his organization is thrilled to be among the first Kansas City investors to back JobShakers. Hansen added that the startup’s management team was another selling point when eyeing an investment.
“When making the decision to invest in an early-stage company, a balanced and experienced management team is often among our most important criteria,” Hansen said in a release. “The diversity and depth of experience on the JobShakers team was impressive and a key factor in our decision to invest in the success and growth of this business.”
MAA is an angel investor network focused startups in the Kansas and Missouri region. Since 2006, the firm has made 70 investments totaling over $18 million.
Featured Business
2016 Startups to Watch
stats here
Related Posts on Startland News
No cookie-cutter way to create an entrepreneur, so what’s the catalyst? Inside KU’s venture test lab
Editor’s note: The University of Kansas’ School of Business is a partner of Startland News. It’s a practical testing ground for KU students to flex their entrepreneurial muscles, Ryan Rains said, describing a business program built for could-be entrepreneurs who aren’t necessarily even business majors — and who, ultimately, might choose to abandon their concept…
Enactus USA turns 50 in KC as local leaders urge: Give your network to an entrepreneur
A three-day expo featuring student-led innovation and entrepreneurship from across the nation found its home (and groove) “in the heart of the USA” this week, said Mikena Manspeaker, noting the campus of UMKC was the perfect fit for marking the 50th anniversary of Enactus United States. “Kansas City is just booming with entrepreneurial spirit and…
Streetwear-infused runway show hits 10 year-mark, building fashion family along the way
High fashion met heartfelt passion on the runway Sunday with the return of the The Kritiq Fashion Show — a celebration of creativity, entrepreneurship and community spirit that not even a global pandemic (or family pressures) could undress. “This is our 10th year,” said Mark Launiu, co-founder of The Kritiq, as well as the Kansas…
Goodwill’s ‘adult high school’ in KC just scored major funding wins (and hired its first leader)
A first-of-its kind adult high school in the region hit two big funding milestones this month, said organizers of the Excel Center, announcing six-figure financial contributions from the City of Kansas City, Missouri, and the Ewing Marion Kauffman Foundation, as well as a key hire. Led by Goodwill of Western Missouri and Eastern Kansas (MoKan…