Swyg, a Dublin, Ireland-based platform that combines human insight with AI to reduce bias in recruitment, raised €1M ($1.2M) in pre seed funding.
The round was led by Frontline Ventures alongside angel investors including Charles Bibby (Co-founder, Pointy) & Martin Henk (Co-founder, Pipedrive).
The company intends to use the funds to grow its technical and product team and to further develop its platform.
Founded in 2018 by Vincent Lonij, CEO, Swyg provides a platform that empowers candidates to interview and review each other through a series of 1:1 video chats using pre-defined structured questions. The peer-to-peer process draws on the expertise of a diverse group of individuals instead of relying on a single recruiter or hiring manager. The company’s AI technology calibrates peer-interviewers in real-time to detect and correct bias and human error thus providing hiring managers with unbiased assessments and deep insights into both technical and interpersonal skills of their candidate pool.
Swyg launched their peer-to-peer interview tool for candidates at the beginning of August this year.