Sprockets Raises $10M in Series A Funding

Sprockets, a Charleston, SC-based provider of a hiring platform for businesses to improve employee retention, raised $10M in Series A funding.

The round was led by Forte Ventures with participation from Healthy Ventures, Thayer Ventures, Lytical Ventures, Blu Ventures, and VentureSouth.

The company intends to use the funds to expand operations and its business reach.

Led by CEO AJ Richichi, Sprockets is a hiring platform that helps businesses improve employee retention by finding the common thread between top-performing employees and incoming applicants. The solution reveals what makes a location’s best workers successful and identifies which potential hires possess the same attributes, empowering owners and operators to hire the ideal applicants.

Sprockets’ Applicant Matching System uncovers which potential hires share personality traits with a location’s current top performers and assigns them “fit scores” from one to ten, depending on their likelihood of success. This enables customers to make smarter hiring decisions.

FinSMEs

28/03/2022