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 InformationNEW YORK: On Tuesday, former U.S. Congressman Stephen Buyer was sentenced to 22 months in prison for trading on inside ...
NEW YORK: This week, the Virginia-based Students for Fair Admissions, founded by affirmative action opponent Edward Blum, sued the U.S. ...
LONDON, U.K.: Jet engine maker CFM International said this week that thousands of engine components may have been sold with ...
BATAM, Indonesia: Due to mounting geopolitical tensions and protests against China's activities in the South China Sea, ASEAN member nations ...
FREMONT, California: This week, brain-chip startup Neuralink, owned by billionaire Tesla CEO Elon Musk, said an independent review board granted ...
BOSTON, Massachusetts: Officials said that a Delta flight from Chicago to Boston that was possibly struck by lightning landed safely ...
BOSTON, Massachusetts: Officials said that a Delta flight from Chicago to Boston that was possibly struck by lightning landed safely ...
NEW ORLEANS, Louisiana: As Midwest farmers prepare to harvest crops and send tons of grain downriver to the Gulf of ...
(Photo credit: Troy Taormina-USA TODAY Sports) Nelson Velazquez produced his second career multi-homer game and the Kansas City Royals capped ...
(Photo credit: Jim Rassol / USA TODAY NETWORK) De'Von Achane and Raheem Mostert had career days with four touchdowns apiece ...
(Photo credit: Robert Edwards-USA TODAY Sports) Eduardo Rodriguez threw seven shutout innings, Spencer Torkelson delivered the game's only runs with ...
(Photo credit: Lon Horwedel-USA TODAY Sports) Behind two total touchdowns by quarterback Jared Goff and a stout defensive effort, the ...