South African recruitment startup, Job Crystal secures R4.2-million investment from Enygma’s Shift Fund.
South African recruitment startup, Job Crystal has secured R4.2-million in funding from Enygma Venture’s Shift Fund.
The Shift Fund is a subfund by Enygma Ventures in response to the impact of the current Covid-19 pandemic. The fund targets entrepreneurs and innovators in Africa who develop new solutions that address challenges facing Africa during and post COVID-19 pandemic.
Job Crystal is an online portal for career management and it connects job seekers to companies.
Managing Partner and Co-Founder of Enygma Ventures, Sarah Dusek said, “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.”
The female-led company plans to use the investment to develop new technology to increase the turn around time within the process of recruitment. Hence offering clients a smoother hiring process while decreasing unemployment rates.
Speaking on the fresh investment, Managing Director and Co-founder of Job Crystal, Sasha Knott said, “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.”
Furthermore, CEO of Startup Circles, Sandras Phiri also stated, “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.”
At the moment, applications are opened to the Shift Fund. Entrepreneurs and innovators in Africa with business ideas that are in the ideation stage and can solve Africa’s challenges in a post-pandemic can apply here .
The deadline of the application is August 31, 2020.