Predictive Hiring Company Koru Splits in Two and Sells

Mergers and Acquisitions

Predictive Hiring Company Koru Splits in Two and Sells

Jan 14, 2019

DOUBLE TEAM: Koru, a Seattle-based startup behind a tool that uses data to predict which job candidates might be the best fit, is splitting its assets and selling them to two separate companies. Terms of the deals were not disclosed.

Koru launched in 2014 as a program for college students to develop workplace skills, receive coaching, build a network, and start the job search. The company later pivoted in 2016, GeekWire reports, with a focus on building predictive hiring software for companies to assess job seekers’ qualities and abilities and which aimed to reduce bias in hiring.

Entangled Group, which offers higher education consulting and invests in higher-ed startups, is buying the company’s original training curriculum, which focused on teaching soft skills to recent graduates. Paul Freedman, CEO and co-founder of Entangld Group, says the company plans to reboot Koru’s training program, but did not offer more specifics about what that might look like or consist of.

London-based hiring company Capp & Co. bought Koru’s predictive hiring technology, which has been Koru’s primary business after pivoting in 2016.

 

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