Zao, an Orange County, Calif.-based technology platform that helps employers manage referral programs and leverage social media tools to find and hire staff, secured $1.3m in its first funding round.
The round was led by Oren Zeev, Founding Partner at Orens Capital and former General Partner at Apax Partners, with participation from Oren Dobronsky, Founding Partner at Orens Capital, Zohar Gilon, Gary Ginsberg, EVP, Corporate Marketing and Communications, Time Warner, Donald Katz, CEO of Audible, Robin Klein and Saul Klein, Partners, The Accelerator Group [TAG], Richard Sarnoff, Senior Advisor at KKR, Ori Sasson, Partner at Primera Capital, and Dr. Ayal Shenhav of Shenhav & Co. Advocates.
Zeev has also joined Zao’s Board of Directors.
The company intends to use the capital to accelerate product development and expand in the U.S..
Led by Ziv Eliraz, founder and CEO, Zao provides a platform that enables hirers to create a job opening, set a reward amount and forward the posting to their entire network or specific individuals and track referrals and applicants on an intuitive dashboard. Zao allows potential referrers to automatically search their social networks for qualified candidates and make a referral.