Online marketplace for tech talent Hired.com launches in London
£10m worth of job offers processed on the site after 16-week pilot with Lyst, Grabble and Financial Times among employers using the platform
Hired.com, the online marketplace for engineering talent has launched in London following a successful 16-week period in which £10m of job offers were processed on the platform.
The San Francisco-headquartered business, which also has operations in New York, has chosen London as its first base outside the US to capitalise on the rapid growth of the UK’s tech industry.
It joins the likes of Hiremyfriend.io and JobBox.io in vying for a share of the market connecting London’s technical talent with a near-insatiable employer appetite to hire top developers.
Companies such as Lyst, Grabble, Qubit, JustGiving, Deliveroo, and the Financial Times, are among the two-sided marketplace’s list of clients seeking to hire high quality developers on salaries of £40-£85,000.
In demand are developers with a detailed knowledge of iOS, Android, Python and Ruby; data scientists and engineers sought-after for their proficiency in front-end and back-end technologies such as Java and Scala; and those who work extensively in .NET, Perl, and PHP.
1,900 London-based developers are already applying each month to be considered as candidates with 160 employers signed up and more than 600 interview requests made, said CEO and founder Matt Mickiewicz, who previously started online design marketplace 99designs. Of the applicants, just 5-7% of the top developers are accepted.
In the US the business has quickly gained a reputation for curating an impressive pool of software engineers and salespeople, with more than 2,000 top technology companies already using the site and over $7bn worth of offers made to candidates.
This has amounted to a candidate being hired every 30 minutes during working hours on the site.
Hired raised $15m as part of a Series B funding round, which valued the company at $200m in December last year. This followed a $15m Series A round the previous March and brought its total funds raised to $32.7m.
Mickiewicz told Startups.co.uk that “UK talent is undervalued compared to values you see in the US. People don’t have a good understanding of what the market looks like.” Hired’s analysis showed a significant discrepancy between UK and US salaries, which he predicted would be eroded over time.
Pointing to Hired’s analysis of average salaries (below), he promised the site would bring greater transparency to the compensation packages being offered to the top 5-7% of tech candidates that the site caters for and said it would be “good for both sides”.
- iOS Developer – ￡56,000 in London vs $130,000 in New York
- Ruby Developer – ￡51,000 in London vs $119,000 in New York
- UX/UI Designers – ￡61,000 in London vs $104,000 in Los Angeles
Mickiewicz said London had been chosen for Hired’s first foray into international territory as “the recent rise in technology companies choosing to locate there indicates an unprecedented demand for qualified tech industry candidates, who are more in control of their careers than ever before”.
Speaking to Startups, he added: “One thing that’s unique about London is that you can recruit from 28 countries of EU.”
Comparing the UK to the US, he praised the flexible immigration laws here as in the US there is a cap of 65,000 H-1B visas allocated to foreign nationals for speciality occupations. And the fact Silicon Valley companies Facebook and Google and a number of existing clients had made London their central outpost only added to the capital’s allure, he said.