About Ideal Candidate
Ideal Candidate is a Technology company based in Toronto (Canada) founded in 2014, and was acquired by Ceridian in April 2021. Candidates are ranked by AI platform using employer-specified skills. Ideal Candidate has raised $5.5 million across 2 funding rounds from investors including Ceridian, Richard Hyatt and Michael Hyatt. Its website ideal.com draws about 44 thousand monthly visits. Its focus areas include Enterprise Applications, HRTech, Applicant Tracking System and Candidate Shortlisting.
Company details
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.
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 $5.5M
- Total Rounds 2
- Last Round Series A — $3M
- First Round $2.5M
(Nov 2015)
- Investors Count 3
All 2 funding rounds of Ideal Candidate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2017 | $3M | Series A | – | Richard Hyatt, Michael Hyatt | |
| Nov 2015 | $2.5M | Seed | – | – | – |
4 investors in total: 2 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MaRS Discovery District is focused on supporting startups and fostering innovation. | marsdd.com | Toronto, Canada | ||
Cloud-based human capital management software is provided for enterprises. | 1992 | ceridian.com | Minneapolis, United States | |
RH Richard Hyatt | Indian angel investor focusing on early-stage tech startups and innovation. | unknown_4edff32d803b432f8 | ||
MH Michael Hyatt | unknown_a9ffc3e8b2884337b |
Investor details for Ideal Candidate
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People of Ideal Candidate
2 people are tracked at Ideal Candidate (2 in team).
| Name | Role | Group |
|---|---|---|
Landon Ye | Marketing Promotions | Team |
Lena Umansky | Machine Learning Engineer | Team |
Complete people profiles for Ideal Candidate
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Timeline of Ideal Candidate
4 dated milestones of Ideal Candidate across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Ideal Candidate is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series A, of $3.0M.
- Exit Acquired by Ceridian.
Web traffic of Ideal Candidate
The website of Ideal Candidate (ideal.com) receives about 43.7K visits a month.
- Monthly visits43.7K
▲ 56.8% vs previous month
Websites whose visitors overlap most with Ideal Candidate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| beapplied.com | 100% | 281.6K | #144,678 | View details | |
| selectonellc.com | 83% | 2.5K | #7,208,847 | View details | |
| boulosolutions.com | 79% | 6.2K | #3,228,417 | View details | |
| hatchways.io | 66% | 10.6K | #2,311,343 | View details | |
apollotechnical.com | apollotechnical.com | 63% | #665,485 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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All 12 similar websites and full traffic analytics for Ideal Candidate
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- 12 similar websites
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Frequently Asked Questions about Ideal Candidate
Ideal Candidate was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Ideal Candidate is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
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 2015.
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.
Ideal Candidate has 4 investors. Key investors include Ceridian, Richard Hyatt, Michael Hyatt, and MaRS Discovery District.
Yes. Ideal Candidate was acquired by Ceridian in April 2021.