Johannesburg: South African recruitment startup Job Crystal has raised ZAR4.2 million (US$250,000) in funding from Enygma Ventures’ Shift Fund to enable it to expand its impact.
A partnership between Enygma Ventures, a ZAR100 million (US$6.8 million) fund launched last year with a focus on investing in women entrepreneurs in the SADC region, and Startup Circles, the Shift Fund was launched in April
The USD1 million fund aims to support African startups, entrepreneurs and innovators that are building solutions for the post-pandemic world.
Its first investment is Job Crystal, which will enable the female-led company to develop technology to speed up the process of recruitment, making it easier for employers to hire the right talent faster than ever and making a dent in unemployment rates at the same time.
