Vettery

Online hiring marketplace

Vettery

Industry| Technology
Founded| 2013
Founder| Brett Adcock
Adam Goldstein
Headquarters|

New York City

United States

Parent| The Adecco Group
Website| vettery.com

Hired (previously known as Vettery) is a hiring marketplace.[1][2][3] Vettery was founded by Brett Adcock and Adam Goldstein in 2013.[4]

In February 2018 Vettery was bought by the Switzerland-based staffing firm Adecco Group for around $100 million USD.[5]

In November 2020 Vettery, as part of the Adecco Group, purchased competitor Hired for an undisclosed amount.[6] In March 2021, Vettery and Hired's products were combined and rebranded keeping the Hired company name.[7]

## History

[edit]

Vettery was founded in March 2013 in New York City by Brett Adcock and Adam Goldstein.[8][9][10] The service launched in the US in June 2015.[3] UK operations launched in May 2018.[11]

Vettery matches employers with the candidates in its databases,[12] in various fields such as technology, sales, and finance.[8][13] Companies currently using Vettery to hire employees include Amazon, eBay and JP Morgan, among others.[1]

In June 2015, Vettery raised $1.7 million in seed funding.[14] In 2016, it raised $9 million in Series A funding led by Raine Ventures and Greycroft Partners.[1] Vettery raised $11.9 million over three rounds.[15]

As of August 2016, the company has raised $11.9 million and is based in New York City.[15][4][14][1]

In February 2018, Vettery was bought by the Switzerland-based staffing firm Adecco Group.[15] TechCrunch reported that terms of Vettery's acquisition at over $100 million.[5]

In November 2020 Vettery, as part of the Adecco Group, purchased competing tech marketplace Hired for an undisclosed amount.[6] In March 2021, Vettery and Hired's products were combined and rebranded as Hired.[7]

## References

[edit]

1. ^ a b c d Ha, Anthony (16 August 2016). "Vettery raises $9M as it expands its hiring marketplace to San Francisco". TechCrunch. Retrieved 29 April 2019.
2. ^ Jannarone, John (2 February 2019). "Hedge fund analysts take Uber model to recruiting". CNBC. Retrieved 29 April 2019. "Their firm, Vettery, specializes in placing professionals in roles at investment banks, private equity firms, hedge funds and other high-finance positions. They have also branched out into the technology industry and may expand further yet."
3. ^ a b Wiley, Carrie (9 May 2016). "TechCrunch Disrupt 2016 – 6 Startups Transforming the Career and Hiring Industry". GoodCall. Retrieved 9 May 2016. "Vettery, another recruiting platform, aims to shake up the industry – in part by holding true to time-tested principles like "being able to identify, hire and celebrate the recruiting process." Vettery makes candidates request access to its database of jobs, posted by a selection of partner companies. Once a user is vetted and approved, they'll get paired with potential jobs they might be interested in. The idea? To match extremely qualified candidates with the right jobs, benefiting both the job seeker and the company."
4. ^ a b Kim, Eugene. "This 25-person startup just raised $9 million using these 9 slides". Business Insider. Retrieved 29 April 2019. "Vettery founders Brett Adcock and Adam Goldstein."
5. ^ a b Ha, Anthony (21 February 2018). "Adecco Group acquires recruiting startup Vettery for $100M". TechCrunch. Retrieved 29 April 2019. "The Adecco Group, a global HR services firm headquartered in Switzerland, announced today that it has acquired Vettery. The financial terms were not disclosed, but a source with knowledge of the deal told us that the price was a little over $100 million."
6. ^ a b Ha, Anthony (November 24, 2020). "Vettery acquires Hired to create a 'unified' job search platform". TechCrunch. Retrieved 2022-03-17.
7. ^ a b "Hired solidifies position as world's largest AI-driven hiring marketplace amid record hiring activity". highlights. 2021-04-13. Retrieved 2022-03-17.
8. ^ a b Koltrowitz, Silke (20 February 2018). "Adecco buys digital recruitment firm Vettery, price not disclosed". Reuters. Retrieved 29 April 2019.
9. ^ del Castillo, Michael (3 September 2015). "New Wall Street head-hunting firm is more exclusive than we ever imagined". New York Business Journal. Retrieved 29 April 2019.
10. ^ Covert, James (3 September 2015). "Meet Wall Street's busiest and most selective recruiting firm". The New York Post. Retrieved 29 April 2019. ""They can get really aggressive, and it causes a lot of buyer's remorse," added Brett Adcock, who co-founded Vettery in 2013 with Goldstein after the pair covered the recruiting industry as hedge-fund analysts."
11. ^ "Vettery launches in the UK". Onrec. 14 May 2018. Retrieved 29 April 2019.
12. ^ Rockwood, Kate (29 May 2018). "Looking for Better Candidates? Upgrade Your HR Department With These High-Tech Tools". Inc. Retrieved 29 April 2019. "Vettery's algorithms--used by companies like Peloton, Netflix, and ESPN--suggest matches from the thousands of candidates in its database."
13. ^ Ramirez, Olivia (20 October 2016). "Building Amazing Teams with Vettery". The Yard. Retrieved 29 April 2019.
14. ^ a b Ha, Anthony (11 June 2015). "Vettery Raises $1.7M And Officially Launches Its Job Marketplace". TechCrunch. Retrieved 29 April 2019. "As companies vie for top-tier talent, New York City startup Vettery is offering an alternative to the traditional recruiting process."
15. ^ a b c Chowdhury, Reza (2018). "Vettery Acquired by Staffing Firm Addeco". AlleyWatch. Retrieved 29 April 2019. "Vettery, the online technology hiring platform, has been acquired by Swiss staffing firm Addeco. ... Founded by Adcock and Adam Goldstein in 2013, Vettery had raised a total of $11.9M in funding over three rounds."