HRcom, a startup that specializes in digitizing the hiring process, has secured SEED investment to launch services in the Arab World.
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KSA-based recruitment system HRcom has secured investment in a SEED round from SMASCO, Professional Recruitment, Squadio, and a group of angel investors. Founded in 2020, the startup focuses on digitizing hiring procedures and enhancing selection standards. It offers solutions for managing hiring procedures through an all-encompassing digital system.
The Enterprise Software sector in KSA rose to new heights last year when Unifonic, a customer engagement platform, closed a Mega Round ($100M+). The SaaS space in the region has seen a number of notable rounds this year including the likes of Elevatus, a startup providing A.I. solutions for HR, Mozn, and ZenHR, a cloud-based Human Resources Management System (HRMS). The startups collectively raised close to $30M with the SaaS space in Saudi almost crossing the $50M mark.
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HRcom replaces email use by automating candidate communications, candidate screening, filing, and resume returns. This overcomes the issues with recruitment processes. HRcom was intended to serve as a platform for all aspects of the hiring process, including creating a database of candidates, holding interviews, and distributing job offers.
The digital solution aligns with the goal of many Arab nations and Saudi Arabia's 2030 vision to achieve digital transformation. The fund will be utilized for expanding HRcom, recruiting more staff, and developing new products. Ziyad Al Twaijri, Founder & CEO, stated, “At HRcom aims to be the ideal solution for digitizing recruitment processes for different types of organizations, as we strive to be the best recruitment system provider for corporates in the MENA."
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