ReferStar, a Dublin, Ireland-based provider of a SaaS platform that allows employees, customers, alumni and suppliers to use social media networks to provide referrals for targeted talent acquisition, raised $1.625m in Series A funding.
The funding was led by Granicus Ventures. In conjunction with the funding, Sean Melly, Chairman of Powerscourt Capital Partners, advisors on the fundraising, and Johnny Fortune, Chairman of Pegasus Capital, joined ReferStar’s Board.
The company intends to use the funds for international expansion and to accelerate product innovation and enhancements.
Led by Morgan Pierce, CEO, ReferStar provides:
– a SaaS based, white-label platform that automates employee referrals and streamlines referral acquisition efforts via social media networks (including LinkedIn, Twitter and Facebook) of employees.
– the ReferStar Public Marketplace that provides an online hub, allowing “Referrers” to promote any available job from ReferStar and earn a referral fee for sourcing the right candidate.