Silicon Valley Startup with Canadian Founder Raises $2.7 Million

Posted by Knowlton Thomas

DeveloperAuction has raised $2.7 million in seed funding.

The Silicon Valley startup, which was cofounded by Canadian entrepreneur Matt Mickiewicz of 99designs fame, aims to address the challenge companies face when hiring engineering talent. The financing round was led by New Enterprise Associates and Shasta Ventures and included participation from SoftTech VC, Google Ventures, and Crosslink Capital.

"Developer Auction was launched in order to disrupt the recruiting industry and provide a better and more efficient way for talented developers to get exposed to exciting job opportunities at funded tech companies," the company explains.

"We know that the smartest people are already employed, and that they receive numerous emails every month from recruiters and prospective employers that often go ignored due to the enormous amount of time that it would take to interview and negotiate with each company," the startup added. "We thought: 'there has to be a better way.'

According to Forbes, DeveloperAuction is profitable and has already seen $225 million in job offers made through its platform. The startup's other cofounders are Douglas Feirstein, who founded LiveOps, and serial entrepreneur Allan Grant.

99designs is the #1 marketplace for small business graphic design. Its Ready-made logo store has thousands of high quality logos available for customization and sale right off the shelf for $99, while its Design Contest Marketplace enables businesses to quickly and inexpensively source custom logo design, web design, business cards or any other graphic design work by launching design projects to a global community... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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