LatAm List – Revelo, a Sao Paulo based startup that provides online recruiting solutions using machine learning, recently raised $15M (R$70M) in a Series B round led by the IFC, the investment arm of the World Bank.
Revelo uses artificial intelligence to hire more efficiently in high-demand careers such as finance, software development, design, online marketing and management consulting.
“Most knowledge workers in LatAm still find their jobs offline. Our goal is to become a go-to online platform to help them navigate their careers,” said Lucas Mendes, co-founder of Revelo.
Using Revelo, companies are able to fill their knowledge-worker roles in an average of 14 days, which is 5 times faster than with offline recruiters, and at 20% of the cost.
Revelo has over 3000 companies as users, almost 1M candidates, and 100 employees in Sao Paulo.
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