ACCESSWIRE
14 Jan 2022, 03:55 GMT+10
The startup seeks to attract more young people to the manufacturing industry with this latest funding
CHICAGO, IL / ACCESSWIRE / January 13, 2022 / FactoryFix.com, a recruiting platform that helps manufacturing companies hire skilled workers, has announced a $10 million Series A financing.
Grotech Ventures led the round with participation from Capital Midwest, Great North Ventures, Hyde Park Venture Partners, Revolution Rise of the Rest, and JFF Labs. The company has raised $16 million to date.
This funding caps off a year in which the company saw revenue grow by more than 400%. FactoryFix now helps hundreds of industrial companies in the automotive, food & beverage, packaging, warehousing, and other sectors. Their talent network has grown to over 300,000 skilled manufacturing professionals like CNC machinists, maintenance techs, machine operators, welders, and more.
'The manufacturing industry is facing a crippling labor shortage with over a million jobs sitting open right now. We plan on chipping away at this problem on two fronts. First, for employers, we're building technology that streamlines their hiring process and delivers more qualified and responsive candidates. Second, we're actively recruiting the next generation of workers by building a community that helps coach them on how they can build a lucrative, debt-free career in this industry,' said Patrick O'Rahilly, the CEO and Founder of FactoryFix.
The FactoryFix.com platform delivers more candidates but also utilizes a scoring algorithm to automatically prescreen applicants to ensure their customers only spend time on the people that are qualified and responsive.
'FactoryFix is a great addition to our arsenal of recruitment efforts here at G&L Tube,' said Stephanie Elliott, Human Resources Manager at G&L Tube, LLC in Cookeville, Tennessee. 'The biggest value in using FactoryFix is the depth of candidate pool and the time savings that come from only engaging with prescreened candidates,' said Elliott.
'The manufacturing industry in the US is buzzing right now. Every company we talk to has turned down business at some point because they didn't have enough qualified people to fulfill the order,' said O'Rahilly. 'The only way to solve this problem long-term is to combine technology with an engaged community that's excited to work in the new age of manufacturing.'
For more information about FactoryFix, visit their website at https://www.factoryfix.com.
Media Contact:
Evan White
evanw@factoryfix.com
509.995.9105
SOURCE: FactoryFix
Get a daily dose of Detroit Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.
More InformationZAGREB, Croatia: Authorities have said that a weekend bus crash near Varazdin in Croatia killed 12 passengers and injured 32.The ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...
The world's first registered Covid-19 shot has been supplied to 71 countries, home to four billion people, the head of ...
Six people have so far been infected with the so-called ?Deltacron? variant, according to the country's consumer health watchdogA new ...
KIGALI, RWANDA - U.S. Secretary of State Antony Blinken is in Rwanda, the last stop on his three-nation tour of ...
The world's first registered Covid-19 shot has been supplied to 71 countries, home to four billion people, the head of ...
That Dylan Cease All-Star Game snub looks worse by the day, with the Chicago White Sox right-hander still sporting a ...
Thanks once again to their pitching staff, the Cleveland Guardians will be seeking their fifth straight win on Thursday. The ...