Claro is a pioneer in educating companies about the benefits of leveraging Workforce Analytics. In an interview for the 1...
Companies are bad at hiring remotely, and even worse at hiring Diverse talent
Diversity, Equity, Inclusion and Belonging are top priorities; but HR leaders don’t have the proper tools to hire and retain diverse talent, and struggle with aligning remote workers and fair pay.
Lack of real-time visibility into the labor market means job seekers also suffer. Businesses are starting to say the right things, but there's no data-driven technology to help them take action.
Fantasy Team owners spend 6.9 hours per week researching teams but HR leaders spend even less time looking for labor market insights. Imagine how much better hiring would be if HR leaders had a tool like Draft Kings!
Use real-time data about competition, salaries, and hiring Diverse talent
Claro helps organizations make strategic decisions about talent, and improve their Diversity & Inclusion initiatives. Our real-time labor market intelligence platform is a leading source of insights to help HR leaders and their organizations succeed.
Claro is a global Labor Market Intelligence leader
Claro is a 360° workforce intelligence platform that provides insights into hiring trends, salaries, and local market talent availability. We are committed to Diversity, Equity, Inclusion and Belonging, and to building software that helps companies make more strategic decisions about talent.
Our powerful technology helps Fortune 1000 companies identify top talent locations, which competitors are hiring and where, and the latest compensation trends.
300% recurring revenue growth and 445% increase in average daily users
We have signed SaaS multi-year contracts with 16 clients in the Medical Devices, Logistics and Transportation, Ride Sharing, and Financial Services industries. Most importantly, we're thrilled that our clients are actively using our product!
The Covid-19 pandemic and the 2020 social movements created demand for real-time labor market data, and Claro has proven that it can monetize the pent-up demand and grow revenue!
Prestigious Fortune 1000 and global clients
Our amazing client portfolio includes some of the world's largest and most recognized brands. Many are vocal supporters of Claro because our technology helps them develop and implement talent strategy and win new business. Here's what some have to say:
Multi-year B2B SaaS licenses
Claro is designed for the enterprise, so our client contracts are multi-year. In 2020, our Average Selling Price (ASP) was nearly $60k per year. By Q4 of 2020 we were signing deals at $90k per year, and now our target asking price is $120K per year.
$17.6B SAM in Business Intelligence and HR analytics across industries
Globally, HR technology represents a $148B opportunity. Claro has a $17.6B addressable market, a $2B serviceable opportunity, and big upside due to the forecasted 35% YoY market growth.
Claro is the most formidable entrant into HR analytics, garnering significant attention from the likes of IDC and Red Thread Research. Claro was featured in Analytics Insights magazine citing, "Claro is like a reinvented Google for workforce-related information. It combines talent search, workforce analytics, and data visualization into one unique user experience."
Claro is outperforming and winning marketshare
We provide global labor market insights and we're in control of our destiny because we have data autonomy. We don't buy data and don't rely on third-party data providers like the Bureau of Labor Statistics. This gives us a huge competitive advantage!
Claro has unique features like Job Seeking Sonar™, anonymized Gender & Ethnicity demographics, and the potential to combine talent availability with demand to provide holistic views of the labor market. Claro has a modern user interface and is easy to use. Analytics Insight Magazine named Claro to their 2019 list of most innovative HR Analytics solution providers.
Removing friction from hiring and retaining Diverse talent
Claro’s mission is to organize all the world’s information about people and jobs, and to make it easily accessible so that companies can make more strategic decisions about talent.
Our vision is to make Claro a destination for insights about the labor market, like DraftKings is for Fantasy sports. We have exciting plans to invest in marketing and sales, launch a new user experience and expand into new verticals.
Raising new funding to invest into marketing and sales
Claro has already raised more than $5M from prominent firms like Falmouth Ventures and Klein Hill Partners, Recruitment industry veteran and CEO of Cielo Sue Marks, and Jim Feuille who backed companies like Pandora, Ancestry, Coupa and Chime.
Our 3x growth during the pandemic validates product market fit, so we are now ready to scale. An average HR Tech valuation multiple of 5x forward revenue already values Claro at $50M, which makes Claro a great investment opportunity now!
Michael Beygelman, Claro Founder and CEO
I'm an immigrant who moved to the U.S. at the age of 10. Knowing firsthand how hard it is to break into the workforce, I've been on a lifelong mission to remove friction from the hiring process and to help connect people with meaningful jobs.
I'm passionate about crushing the racial and gender divide that has plagued the workforce for generations. I founded Claro to help HR professionals remove bias from hiring by relying on data to make decisions. Prior to Claro, I built a Recruitment Process Outsourcing business at the Adecco Group.
Your investment will help Claro expand marketing and sales to accelerate our growth, and to create lasting shareholder value.