Recruitment platform LiveHire has just raised $20 million in an equity placement to to institutional and sophisticated investors led by Telstra Super.
The 19.05 million shares went at $1.05. A short time ago, the shares were trading at $1.08, down 2.7% today.
LiveHire listed on the ASX today in June 2016 after raising $10 million at 20 cents a share. The latest raising means LiveHire will have $35 million in cash to accelerate growth.
LiveHire has a platform which creates pools of pre-qualified job candidates for companies to dip into when they need to recruit, saving the money and time it takes to get a new staffer on board.
“We will also accelerate our open collaboration and deep integrations with major talent sourcing and search technologies,” says LiveHire Founder and Managing Director, Antonluigi Gozzi.
Morgans Corporate Limited acted as sole lead manager to the placement.