Spark Hire Announces Growth Capital Investment from Boathouse Capital

NORTHBROOK, Ill., May 09, 2022 (GLOBE NEWSWIRE) — Sparks Rentalthe leading video interviewing platform, recently announced a growth equity investment of Capital of boathousesa Philadelphia-based private equity firm.

Growth capital will primarily be used to further develop the core platform’s technology offering and modernize the go-to-market strategy.

Spark Hire’s video interview platform helps clients build efficiency, collaboration and structure in the hiring process.

The most popular feature of the Spark Hire product today is its one-way interview solution, which allows candidates to record video responses to interview questions asynchronously. This allows organizations to conduct significantly more preliminary interviews while standardizing the process, resulting in a better and fairer candidate experience while increasing interview efficiency and effectiveness for the organization.

Since its launch in 2012, Spark Hire has methodically grown its business and achieved many milestones.

Company highlights include:

  • Customers: Thousands of organizations, from SMBs to large enterprises, make Spark Hire the most popular video interview solution
  • The partners: 40+ integrations with applicant tracking systems
  • Product: Top-rated video interview platform based on hundreds of customer reviews
  • Team: Global team of approximately 70 employees across the US, UK and Australia
  • Customer service: Robust service model with dedicated onboarding specialists and customer success managers, plus 24/7 technical support

The rise of remote work and a more distributed workforce has led to a growing preference for digestible video media. Spark Hire and Boathouse Capital are excited about the future and the growth potential of the business, given the current dynamics in the industry.

“We are thrilled to begin this new chapter in Spark Hire’s journey with Boathouse Capital as our partner,” said Josh Tolan, CEO of Spark Hire. “Our shared vision for the future of the business, alignment with growth strategies and the relationship we have established with the Boathouse team make them the ideal partner for us. We look forward to working with them no only to grow our team and the business, but also to accelerate our product development and the value we bring to our customers.”

Chong Moua, Managing Partner at Boathouse Capital, said, “Josh and his team have built an innovative and differentiated product in an evolving industry. We are excited about the various growth vectors ahead of Spark Hire and look forward to embarking on the next phase of growth with Josh and his high caliber team.”

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Image 1: Spark Hire + Boathouse Capital

Spark Hire Announces Growth Capital Investment from Boathouse Capital

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