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Reejig capital raise led by Right Click Capital
Herbert Smith Freehills has advised Reejig on its Series Seed capital raise.
Tony Zhang
Firm: Herbert Smith Freehills (Reejig)
Right Click Capital led the investment.
Value: Undisclosed.
Area: Venture Capital.
Key players: The Herbert Smith Freehills team was led by partner and head of venture capital Australia, Peter Dunne, and consultant, Elizabeth Henderson.
Deal significance: The company says the money will be used to scale its software as a service platform which connects various HR systems, collating the data on employees and potential employees to use in predictive analytics.
“Reejig is a terrific example of great founder talent coupled with technology capability,” Mr Dunne said.
“We have enjoyed working with Reejig’s founders, Siobhan Savage, Mike Reed, and Dr Shujia Zhang, and being part of the company’s journey.”
The one-year-old company connects existing HR systems, cleanses and aggregates talent data, unifies data from across the entire enterprise and applies gender-balanced boost algorithms.
Reejig’s co-founder and CEO, Siobhan Savage, commented on the deal: “Helping large global organisations, government and academia to overcome complex workforce problems, by using deep learning and AI, is exciting.”
“Witnessing our customers realise the gains of maintaining stronger talent pipelines, reducing the time and costs of hiring, integrating disconnected human resources systems, and considerably improving staff mobility, productivity, retention, succession and gender balance, is very rewarding.
“We are also extremely pleased to have supportive investors and other stakeholders like Herbert Smith Freehills, who share our vision of enabling organisations to more effectively navigate the future of work.”
This is another example of HSF’s work on capital raising. They recently advised Roborigger on it’s Series A capital raise, along with Karst and Dovetail.
