VeroSkills, an AI-powered hiring platform tackling the blue-collar labor shortage, has announced the successful closure of a $5.3 million funding round. The investment, led by Yonder Ventures, will accelerate the company's rapid growth, which includes securing $15 million in annual recurring revenue in just six weeks by connecting employers with pre-screened candidates from immigrant, refugee, and underserved communities.
Quick Intel
VeroSkills raised a $5.3 million funding round led by Yonder Ventures.
The platform addresses a severe blue-collar labor crisis, with millions of jobs going unfilled.
Its AI technology reduces hiring time from weeks to days or hours.
The firm recently secured $15 million in annual recurring revenue based on its rapid placement model.
Employers report retention rates 2-3 times higher with VeroSkills' candidates.
All workers are fully authorized to work in the U.S., EU, or Canada from their first day.
Addressing a Trillion-Dollar Labor Crisis
The blue-collar sector faces an unprecedented labor shortfall, with only two workers replacing every five who retire. This has left hundreds of thousands of manufacturing jobs vacant—a gap projected to grow to millions. VeroSkills uses its AI-driven platform to solve this by efficiently matching employers with a vast, often-overlooked talent pool. "What staffing and recruitment agencies do in weeks and months, we do in days and hours, thanks to our AI-driven platform," said Daniel Walsh, CEO and Founder of VeroSkills. "Given the severity of the labor crisis, there's no time to waste."
How AI Powers Scalable and Reliable Hiring
The platform's proprietary AI screening technology enables it to interview candidates in 52 languages, making it economically viable to serve the long tail of small and medium-sized businesses. This approach not only delivers speed and scale but also superior outcomes. Ninety-three percent of employers report retention rates two to three times higher among hires made through VeroSkills. "VeroSkills has cracked the code on what traditional staffing agencies have struggled with for decades: speed, scale, and retention," said Lauren Deluca, Founding and Managing Partner at Motivate Ventures.
This funding round marks a significant step in scaling a solution to a critical economic problem. By leveraging AI to unlock a previously inaccessible workforce, VeroSkills is positioned to make a substantial impact on the blue-collar labor market, offering employers a faster, more reliable, and more effective way to hire.
VeroSkills is an AI-powered staffing platform connecting blue-collar businesses to pre-screened, ready-to-work candidates from immigrant, refugee, and underserved communities. The company delivers 48-hour placements through proprietary AI screening technology and access to millions of people authorized to work in the U.S., EU, or Canada. Learn more at veroskills.com.
Yonder is an early-stage VC firm focused on investing in AI-native marketplaces that build new economies. The fund is led by Colin Gardiner, a marketplace geek and 3x marketplace operator who helped scale Outdoorsy to $3B+ in revenue. He is a go-to marketplace expert, having worked with 100+ marketplaces, and writes Take Rate, the world's largest marketplace newsletter. For further information, visit https://www.yonder.vc/
Circadian Ventures is a venture capital firm investing in early-stage tech and tech-enabled businesses. Circadian Ventures actively partners with exceptional entrepreneurs to build enduring businesses. Based in Atlanta, the firm has investments in various sectors across the United States. For further information, visit www.circadian.vc
About Motivate Ventures
Motivate is a Chicago-based VC firm with a deep commitment to providing institutional capital and support at the earliest stages. Launched by entrepreneurs with backgrounds in fintech and enterprise software, the Motivate team invests in pre-seed and seed stage companies across the US and Canada. The singular vision is to find and empower the most promising founders building tomorrow's greatest companies.
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