About Sprockets
Sprockets is a company based in Charleston (United States) founded in 2020 by Pete Richichi was acquired by Humanly in October 2025.. Sprockets has raised $13.4 million across 2 funding rounds from investors including Humanly, Thayer Ventures and Forte Ventures. Sprockets has completed 1 acquisition, including HourWork. Sprockets offers products and services including AI Hiring Software and Virtual Recruiter JoJo. Sprockets operates in a competitive market with competitors including Fountain, Workstream, HourWork, Contra and HireArt, among others.
- Headquarter Charleston, United States
- Founders Pete Richichi
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Sprockets, Inc.
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Products & Services of Sprockets
Sprockets offers a comprehensive portfolio of products and services, including AI Hiring Software and Virtual Recruiter JoJo. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates applicant sourcing and screening to minimize turnover.
Engages and pre-screens candidates for efficient hiring processes.
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Funding Insights of Sprockets
Sprockets has successfully raised a total of $13.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in March 2022. 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 — $10.0M
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First Round
First Round
(11 Jan 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Series A - Sprockets | Valuation | Forte Ventures , Blu Venture Investors | |
| Jan, 2021 | Amount | Series A - Sprockets | Valuation | Lytical Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Sprockets
Sprockets has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Humanly, Thayer Ventures and Forte Ventures. 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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Investments are made in US tech companies by Forte Ventures.
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Founded Year | Domain | Location | |
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Seed-stage investments in US tech sectors are targeted.
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US focused VC firm
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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 Sprockets
Sprockets has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include HourWork. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based platform for contract workforce recruitment
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sprockets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Sprockets Comparisons
Competitors of Sprockets
Sprockets 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 Fountain, Workstream, HourWork, Contra and HireArt, 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 |
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| domain | founded_year | HQ Location |
Users are connected to local experts via a chat-based app.
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| domain | founded_year | HQ Location |
Cloud-based applicant tracking software solutions are provided for recruitment needs.
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| domain | founded_year | HQ Location |
Cloud-based platform for contract workforce recruitment
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| domain | founded_year | HQ Location |
A professional network for future jobs and skills is offered.
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| domain | founded_year | HQ Location |
Job applicants are pre-screened via online interviews simulating real roles.
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| domain | founded_year | HQ Location |
Blue-collar candidates are matched to employer jobs via algorithms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Sprockets
Frequently Asked Questions about Sprockets
When was Sprockets founded?
Sprockets was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Sprockets located?
Sprockets is headquartered in Charleston, United States. It is registered at Charleston, South Carolina, United States.
Is Sprockets a funded company?
Sprockets is a funded company, having raised a total of $13.4M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.4M, raised on Jan 11, 2021.
What does Sprockets do?
Sprockets was founded in 2020 and is based in Charleston, United States. A cloud-based applicant tracking system is delivered for enterprises in sectors such as hospitality, healthcare, BPO, and retail. Core products include Sprockets Magic, Ideal Customer, and Sprockets Stack, which support recruitment processes. Operations are conducted via a subscription-based pricing model to facilitate scalable hiring solutions.
Who are the top competitors of Sprockets?
Sprockets's top competitors include Fountain, Workstream and Contra.
What products or services does Sprockets offer?
Sprockets offers AI Hiring Software and Virtual Recruiter JoJo.
How many acquisitions has Sprockets made?
Sprockets has made 1 acquisition, including HourWork.
Who are Sprockets's investors?
Sprockets has 7 investors. Key investors include Humanly, Thayer Ventures, Forte Ventures, Healthy Ventures, and Lytical Ventures.
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