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
StartupGrowKC bootcamp: Building smart and intentional teams alongside ECJC
Founders can expect to emerge from the Enterprise Center in Johnson County’s StartupGrowKC bootcamp series with greater knowledge of the skills needed to grow their business, said Kathryn Golden. “[Founders will see] the fuller life cycle of what they will need to consider [to be successful],” said Golden, programs manager at ECJC, a nonprofit organization…
Startup leader hears calling in Kauffman legacy, selected to join Kauffman Foundation trustees
Money alone won’t truly satisfy an entrepreneur, nor will it build a stronger Kansas City, said Matt Condon — lessons learned from the late Ewing Kauffman. “Having a successful company isn’t good enough,” said Condon, a veteran startup leader who recently completed a year as chair of the Greater Kansas City Chamber of Commerce. “Impacting…
The Nerdery powers down, exiting Kansas City in move to consolidate investments
Once topping Inc. Magazine’s fastest-growing companies list, The Nerdery is now pulling back — closing its Kansas City office and redirecting the paths of 28 metro employees, the company revealed this week. “This decision is by no means a reflection of the performance of the team in Kansas City, who have all done a fantastic…
SafetyCulture executing fireproof growth strategy from new Crossroads US HQ
A recent move placed SafetyCulture into the largest fireproof building in KC — a choice reflecting the startup’s customer-centered approach, said Ross Reed, noting the building’s more-than-a-century-old history was an added plus. “iAuditor helps organizations prioritize safety and quality,” said Reed, president of SafetyCulture’s KC-based North American branch. “If construction companies can show they they…