About Ideal Candidate
Ideal Candidate is a company based in Toronto (Canada) founded in 2014 was acquired by Ceridian in April 2021.. Ideal Candidate has raised $5.5 million across 2 funding rounds from investors including Ceridian, Richard Hyatt and Michael Hyatt. Ideal Candidate operates in a competitive market with competitors including Harver, Spotted Zebra, Goshaba, Skillist and Previsor, among others.
- Headquarter Toronto, Canada
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Ideal Candidate
Ideal Candidate has successfully raised a total of $5.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in August 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.0M
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First Round
First Round
(26 Nov 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Series A - Ideal Candidate | Valuation | Richard Hyatt , Michael Hyatt | |
| Nov, 2015 | Amount | Seed - Ideal Candidate | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Ideal Candidate
Ideal Candidate has secured backing from 4 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Ceridian, Richard Hyatt and Michael Hyatt. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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MaRS Discovery District is focused on supporting startups and fostering innovation.
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Founded Year | Domain | Location | |
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Cloud-based human capital management software is provided for enterprises.
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Founded Year | Domain | Location | |
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RH
Richard Hyatt |
Indian angel investor focusing on early-stage tech startups and innovation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ideal Candidate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ideal Candidate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ideal Candidate Comparisons
Competitors of Ideal Candidate
Ideal Candidate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Harver, Spotted Zebra, Goshaba, Skillist and Previsor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Recruitment cycles are aided by a predictive hiring application.
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| domain | founded_year | HQ Location |
Skill-based talent assessment platform
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| domain | founded_year | HQ Location |
Candidate shortlisting solutions are offered through screening and gaming tools.
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| domain | founded_year | HQ Location |
Skill-based hiring platform
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| domain | founded_year | HQ Location |
Cloud-based pre-employment assessment software is offered to enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ideal Candidate
Frequently Asked Questions about Ideal Candidate
When was Ideal Candidate founded?
Ideal Candidate was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Ideal Candidate located?
Ideal Candidate is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Ideal Candidate a funded company?
Ideal Candidate is a funded company, having raised a total of $5.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Nov 26, 2015.
What does Ideal Candidate do?
The company was founded in 2014 in Toronto, Canada, and operates in the HR technology sector. An AI-driven platform is provided for shortlisting candidates, where required job skills are input by employers to rank a database via a proprietary algorithm. Accuracy is enhanced through machine learning applications. Integration with existing ATS and HRIS systems is facilitated to support recruitment processes.
Who are the top competitors of Ideal Candidate?
Ideal Candidate's top competitors include Unique AI, Harver and Skillful.ly.
Who are Ideal Candidate's investors?
Ideal Candidate has 4 investors. Key investors include Ceridian, Richard Hyatt, Michael Hyatt, and MaRS Discovery District.
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