Kira Talent, a Toronto, CA-based provider of a talent assessment platform, closed a $1.2m seed financing round.
The round, which was a planned second tranche to the company’s first seed round in August 2013, was led by Relay Ventures, and with participation from Joe Canavan, Anthony Lacavera, Sam Duboc, John Kelleher and Roger Martin as well as new investor The Business Development Bank of Canada.
The company plans to use the funds to refine the Kira Academic platform and to invest in sales and marketing services focused on the academic channel.
Originally launched in 2012 by Craig Morantz, CEO, as an assessment tool for businesses hiring purposes, Kira later shifted focus to become a talent assessment platform adaptable to many industries, including higher education, which led to the launch of Kira Academic in 2014. The Kira Academic platform allows universities and colleges to comprehensively assess applicants during the admissions process through the use of timed video and written response questions. It is used by eight of the top 20 business schools, and counts schools like Yale University, Kellogg School of Management (Northwestern), Ivey Business School (Western University), and Notre Dame among its clients.