ExecThread, Inc., a NYC-based job-sharing network for executives and a large aggregator of unpublished executive-level job opportunities, secured $6.5m in equity financing.
The round was led by Canaan Partners and Javelin Venture Partners, with participation from Corazon Capital, CoVenture, NextView Ventures and angel investors. As part of the investment, Jed Katz (Managing Director at Javelin) and Warren Lee (General Partner at Canaan) have joined ExecThread’s Board of Directors.
The company will use the funds to continue to expand operations.
Led by Founder and CEO Joe Meyer, former CEO of HopStop (acquired by Apple) and former executive at AOL & GM at eBay, ExecThread leverages artificial intelligence and a peer-to-peer crowdsourcing approach to provide innovative tools for executives to discover career-advancing job opportunities and to take control over the job discovery process.
The platform also connects executive recruiters and hiring managers with vetted candidates, thereby helping them to surface the best candidates and reduce time-to-hire.