Cannabis startup secures $2.5M for AI-Powered recruitment software
Engin Sciences Inc., an AI-powered recruitment software startup announced Thursday that it had secured a $2.5 million seed funding round led by investment firm Gotham Green Partners. (Benzinga)
Why It Matters?
With this capital, Engin plans to ramp up sales and marketing efforts targeting enterprise customers, launch innovative AI-powered features and expand offerings to better cater to the cannabis sector and other emerging markets.
Engin's cutting-edge technology streamlines job advertising and recruitment for companies, delivering high-intent applicants, accelerated hiring and significant cost savings.
Cannabis brands such as Columbia Care Inc., Stiiizy and Etain already utilize Engin's platform to elevate their employer brand, intelligently distribute job listings and connect candidates with positions that match their skills and experience.
Co-founded by tech veterans Sloane Barbour and Dr. Valerie Fraysse, Engin plans to expand into other sectors with similar challenges in recruiting and retaining entry-level and frontline workers, including other areas of sustainable agriculture, clean-tech, hospitality and omnichannel retail.
"Experts project the legal cannabis industry will create over 100,000 new jobs in 2023 and employ more than 1,000,000 people within five years," said Barbour, Engin's CEO. "Our mission is to power these companies to build equitable, sustainable, and profitable workforces - at scale. Our platform enhances companies' job distribution to mainstream partners, social platforms, and community partners, generating an engaged, qualified talent funnel and reducing hiring time by 30-50 percent."
Other prominent investors include The London Fund, JourneyOne Ventures, David Belsky of FlowerHire and Peter Flint, a veteran software investor – who will also join the board.
