Boathouse Capital Completes Growth Investment in Spark Hire

Boathouse Capital is pleased to announce that it has completed a growth equity investment in Spark Hire, Inc. (“Spark Hire” or the “Company”), a SaaS video-based interview platform in the HR technology sector. The growth capital will be used to further develop the core platform’s technology offering and modernize the Company’s go-to-market strategy.

The Company serves thousands of customers, both enterprise and SMB in various end-markets. The most popular product today is its one-way interview solution that functions as a productivity and collaboration tool for both recruiters and hiring managers. The product aims to address the inefficiencies inherent in the hiring process like scheduling and collecting feedback while also allowing for compressed hiring cycles, expanded applicant pools and a better applicant experience.

Spark Hire has differentiated itself from competitors due to its ease of use, extensive functionality and through its vast integration capability with many applicant tracking systems. The current industry dynamics with (i) the rise of remote work and more distributed workforces, (ii) preferences for quick-easy-digestible video mediums, and (iii) the added efficiency benefits for recruiters and hiring managers should lead to a wider adoption of video interviewing technologies.

“We’re excited to be starting this next chapter of Spark Hire’s journey with Boathouse Capital as our partner,” says Josh Tolan, CEO of Spark Hire. “Our shared vision for the future of the business, alignment on growth strategies, and the relationship we’ve built with the Boathouse team, make them the perfect partner for us. We look forward to collaborating with them to not only grow our team and the business, but also to accelerate the development of our product and the value we bring to our customers.”

Chong Moua, Managing Partner at Boathouse Capital, remarked, “Josh and his team have built an innovative and differentiated product within an evolving industry. We are excited about the various growth vectors in front of Spark Hire and look forward to embarking on the Company’s next phase of growth with Josh and his high-caliber team.”