Reejig announces $6 million Series A capital raise to kick start global expansion
The Reejig HQ is buzzing with excitement as we reach another major Reejig moment with the announcement of our latest capital raise. The raise follows an exceptional period of growth for Reejig, with the past three months seeing our team triple in size, our customer numbers quadruple and excitingly, traction growing in the US with top global brands.
The raise was led by investment firm Skip Capital, headed by Kim Jackson and her husband Atlassian co-founder Scott Farquhar, with participation from Airtree Ventures; Didier Elzinga and Greta Bradman; Kate Mason, and existing Reejig investor Right Click Capital. The funding comes following their initial seed funding of $2.2 million in 2020.
This recent funding will fuel our commitment to helping our customers reach zero wasted potential, as well as support the rapid growth and expansion of our business in new markets. Our Co-Founder and CEO, Siobhan Savage, spoke to the Australian Financial Review to discuss what this capital raise means for Reejig and the explosive growth we have experienced to date.
Siobhan Savage, CEO, and Co-Founder of Reejig said of the announcement,
"At Reejig, we believe everyone should be given the opportunity to reach their full potential at work and that organizations should be held accountable for not wasting this potential. It’s no longer acceptable for organizations to be letting pockets of people go, while simultaneously hiring hundreds in other areas of their business.
It all comes down to knowing your people’s skills and potential, and Reejig provides these organizations with the intelligence to find, move and upskill their people at scale. We’ve achieved a lot in the past two years, and are proud to be working with our clients and funding partners towards a world with zero wasted potential."
Siobhan Savage, CEO & Co-Founder, Reejig
In a market where everyone is talking about Ethical AI, Reejig has built the world’s first independently audited Ethical Talent AI working in partnership with Professor Fang Chen and University of Technology Sydney.
Skip Capital founder, Kim Jackson said of the funding announcement,
"The need for effective workforce management has never been more important. Without any visibility on employees’ skills and abilities, it’s incredibly hard for leaders to get the full potential out of their teams and employees also end up feeling overlooked, instead of empowered.
Reejig is at the forefront of workforce intelligence, using machine learning to enable better decisions for internal movement and hiring. Siobhan, Mike, and Shujia are an incredibly impressive founding team with deep domain knowledge, having worked in this space for over 15-years. We are thrilled to be partnering with them as they expand globally."
Kim Jackson, Founder, Skip Capital
Elicia McDonald, AirTree Partner, said AirTree was proud to be backing Reejig in solving some of the biggest problems currently being faced by workforces,
"In a fierce talent landscape where businesses are warring to attract, retain and develop high performers, Reejig fundamentally drives business resilience and workforce agility in large-scale organizations – helping these businesses upskill, reskill and mobilize their people at scale in response to rapidly changing business and market demands."
Elicia McDonald, Partner, AirTree
Launched in 2019 by founders Siobhan Savage, Mike Reed, and Dr. Shujia Zhang, Reejig's workforce intelligence platform is tackling some of the biggest HR challenges around hiring, retaining, and reskilling staff — with a vision of driving Zero Wasted Potential in people, business, and society.
The platform uses the world's first independently audited Ethical Talent AI to provide organizations with complete visibility of the skills within their workforce and the marketplace by aggregating data from existing enterprise HR systems (ATS, HR, and LMS) and publicly available sources.
It enables organizations to make data-driven decisions about how they build resilient and market-leading workforces, from connecting them with top talent to creating meaningful career pathways, managing retention, and creating workforce agility.
Reejig works with many of Australia and New Zealand’s largest and most complex organizations including Woolworths, KPMG, Transport for NSW, John Holland, MYOB, and UTS — and is currently broadening its client base in the U.S. and other global markets.