USA, iNovia Capital invests in Urgent Career

A Montreal-based manager of seed and early stage venture capital funds, iNovia Capital, announced is investment in Urgent Career.

New-York-based Urgent Career secured this Series A Funding to seeks to develop the process of finding, screening, and assessing sales talent to cover the lack of top-performing sales professionals at companies worldwide.

In particular, iNovia‚Äôs investment will be instrumental in accelerating the development of Urgent Career’s Algorithmic Linguistic Profiling Engine technology.
This technology uses algorithms to digitally analyze transcribed human speech in order to create a candidate profile measuring 32 dimensions of sales compatibility. By deconstructing the language candidates use to describe themselves, Urgent Career is able to quantify elements crucial to employee hiring and management, including sales style, experience, workflow preferences and behaviour.

Said Jeff Stewart, Chairman of Urgent Career, was reported as saying: “We are thrilled to have iNovia as a capital partner so that we can continue to revolutionize the way sales talent is assessed, screened and managed.

“Their investment not only will allow us to accelerate the development of our technology but also underscores both the strength of our vision, our business, and the staying power of our offerings. We look forward to the continued collaboration with the iNovia team”.

FinSMEs

24/08/2009

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