Roikoi, an Austin, TX-based provider of a passive referral platform, raised $1.7m in funding.
Backers included SocialStarts and Capital Factory as well as individual investors including Brett Hurt, Andrew Busey, Rob Taylor and Jason Story.
The company will use the funds to continue to expand operations following the general launch of the platform.
Founded in 2013 by Andy Wolfe, CEO, Roikoi allows companies to discover passive candidates, as identified by a company’s own employees in this way saving dollars for each referral they hire by reducing the need for sourcing, and making fewer mistakes.
Early customers include HomeAway, as well as Intouch Solutions, Square Root and Zenoss.