Recruitment startup firm Jopwell, with a strong focus on diversity, has successfully completed Series A round of funding, raising $7.5 million. The funding round was led by investors Cue Ball Capital. With this funding round, the company has successfully raised a total of $11.75 million. The company was founded by Porter Braswell and Ryan Williams, and has a strong team of investors, including some renowned names like Magic Johnson Enterprises, Andreesen Horowitz, Kapor Capital, and Joe Montana.
With this influx of funds, Jopwell should be able to take on new companies. Though their primary focus has been the Fortune 1000 companies, lately they have seen a surge in demand from the smaller and younger businesses.
Speaking on the occasion, Braswell said that Jopwell found success in both models, and now that smaller organizations are also showing keen interest, they are ready to build services that will meet their demands.
Working on the ideology of diversity, Jopwell has successfully facilitated thousands of connections between people of color and the recruiters of top companies like Lyft, American Express, and Pinterest. Though Jopwell does not disclose the number of offers rolled out, but it has shown an increase in the number of offers since 2015.
Truly sticking to its ideology, Jopwell itself is a diverse company with a ratio of 62% female, 34% black, 28% Latino, 21% Asian, and 17% whites. Braswell stated, “We are definitely an incredibly diverse organization, which is why we’re successful.” He added, “we are a true case study of how building a diverse company allows you to iterate and scale and succeed.”