The latest women-led startup to secure funding from Enygma Ventures’ Shift Fund is Job Crystal, one of South Africa’s leading recruitment companies. With the $250k funding, Job Crystal will develop new technology to increase the turn around time within the process of recruitment. This will in-turn offer clients a smoother hiring process, decreasing unemployment rates, and more.
“We’re thrilled to receive this investment from Enygma Ventures which will help us to improve our tech development and expand our footprint across the country and region,” says Sasha Knott, managing director and co-founder of Job Crystal.
Why The Investor Invested
According to Sarah Dusek Managing Partner and Co-Founder of Enygma Ventures:
“Never has there been a more critical time to get South African’s back into work. We see the recruitment industry as vital in South Africa’s economic recovery enabling employers to navigate finding the right talent, quickly and efficiently, getting more people back to work sooner.”
On his part, CEO Sandras Phiri of Startup Circles, a consulting firm for Engyma Ventures in charge of startup development and fundraise, says, “Job Crystal has strongly positioned itself within the recruitment market focusing on small and medium sized businesses with a passion for solving Africa’s unemployment crisis using technology and smart problem-solving skills. This is what we at Shift Fund are looking for — businesses that combine smart, innovative strategies and technologies in scalable models.”
Read also: Application Now Open For Enygma Ventures $1m Shift Fund
A Look At What Job Crystal Does
Founded by the female duo of Sasha Knott and Kelly Louw, Job Crystal has established its name as a premium recruitment company. With dismal unemployment rates before the pandemic even further exacerbated due to the impacts of Covid-19, Job Crystals aims to make more than just a dent in the unemployment sector.
About Enygma Ventures And How Startups Can Apply To The New Fund
Enygma Ventures, is a US-based VC firm founded by award winning entrepreneurs Sarah and Jacob Dusek. Last year, the VC launched a fund with a focus on investing in women entrepreneurs in the SADC region, making its first set of investments in Play Sense and Lupiya recently.
If you are thinking ahead and starting to imagine what the world will look like after Covid-19 then you should apply to Enygma Ventures’ new Shift fund.
Applications, still currently open, reopened on Monday August 3rd, 2020, after it was earlier postponed due to uncertainties brought about by COVID-19.
Applications close on Monday 31 August.