Canditech Raises $9M in Seed Funding


Canditech, a Tel Aviv, Israel-based startup enabling companies to accurately assess job candidates with an online job-simulation platform, raised $9m in seed funding.

The round was led by global software investor Insight Partners and StageOne Ventures.

The company intends to use the funds to accelerate expansion into new markets.

Co-founded by Guy Barel, Knaan Braz and Nir Dovrat, Canditech helps companies hire people, faster, while giving every candidate a fair chance to showcase their skills. Using work-sample tests that are tailor-made to simulate any position within the company, candidates can get a glimpse of the company and their future role, which allows them to experience day-to-day work scenarios such as writing code, analyzing data in Excel, writing emails to clients, optimizing a marketing campaign and pitching customers.

Canditech’s solution presents a win-win situation for both the company and its candidates. The platform allows hiring managers to tailor simulations to their specific roles and invest their precious time on the candidates with the highest chance of excelling in the role, using advanced technology that reviews tests objectively and automatically. At the same time, candidates are given the opportunity to “sample” the positions at an early stage in the process, which dramatically reduces the chances for poor hiring decisions and turn-over.