LiveHire raises $20m to accelerate growth in global RPO channel and invesment in Artifical Intelligence ASX:$LVH

Company Name: Livehire

Announcement Date: 03/01/2018
Announcement Category: Investment
Announcement Content:

LiveHire receives firm commitments to successfully raise $20m via a placement of ~19.05m ordinary shares at $1.05 per share to sophisticated and institutional investors, led by Telstra Super.

The capital raise will allow LiveHire to invest and accelerate its key growth channel, Top10 global Recruitment Processing Outsource (RPO) firms, who collectively serve 40% of enterprise recruitment market.

LiveHire will also accelerate its investment into Artificial Intelligence (AI), Machine Learning, and technology integrations to include global technology product partnerships.

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Announcement Contact: [email protected]