Softbank, Now Mogul’s Largest Investor, Joins Hearst Corporation, Gary Vaynerchuk, and Founders of Match.com, TheKnot.com, Comcast, and LinkedIn Learning as Financial Backers of the HR Tech Startup
Mogul announced that it has concluded its latest investment stage, and is well-funded for rapid growth. The HR Tech and diversity recruitment disruptor’s largest investor in this round is the Japanese giant Softbank, which is Mogul’s latest and largest investor to date.
“Mogul is the first board position I have ever accepted. I decided to work with Tiffany Pham and the Mogul team because they are working to make the world a better place for all”
“The confidence of Softbank and our other investors has been very exciting for us, because now we can position our already profitable business model for global growth,” said Tiffany Pham, CEO and Founder of Mogul. “We will continue to innovate the way that global leaders source, attract, and hire diverse talent through our market-leading diversity recruitment software and services.”
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Although Mogul’s policies do not allow disclosure of funding dollar amounts, Pham confirmed that the company is currently profitable, which investors like Peter Davis, former President of McGraw Hill Education, noted is “an outlier at this stage of scale and growth,” and that it has raised multi-millions of dollars from investors.
“Mogul’s business model is brilliant. It is like Match.com for top employers and candidates,” said Will Bunker, co-founder of what became Match.com and founding partner of venture capital firm GrowthX. “Employers use Mogul’s patent-pending Talent Acquisition Software and Executive & Board Search Services to comprehensively access millions of quality diverse candidates. At the same time, those diverse candidates are using Mogul’s inclusive online community to connect with each other and with employers, creating an entire ecosystem for diverse talent and top employers.”
Softbank joins Hearst Corporation, serial entrepreneur and investor Gary Vaynerchuk, Will Bunker, co-founder of Match.com, Michael Wolfson, co-founder of theKnot.com, Julian Brodsky, co-founder of Comcast, and others who are backing the HR tech disruptor. Softbank’s portfolio of investments includes other successful tech firms, including Doordash, Klarna, and Uber, many of which Softbank routinely refers to Mogul for diversity sourcing solutions, enabling Mogul to diversify their fellow portfolio companies’ workforces, as they scale up to IPO.
Mogul’s talent acquisition platform has disrupted the HR Technology industry with patent-pending software filters that allow recruiters to source top, diverse talent in several ways, including by gender, ethnicity, and veteran status, without limiting search results. Mogul’s clients now have access to 400 million diverse candidates across 195 countries. No other talent acquisition platform offers this combination of abilities right now.
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The company’s long-time clients include hundreds of top companies, including Fortune 1000 companies such as Anheuser-Busch, Bain & Co., The Hershey Company, The Honest Company, Nike, Shopify, Stanley Black & Decker, and United Healthcare.
“When I first met the team at Mogul, I was blown away by their incredible growth. Mogul is an amazing company that is having an astounding rise as a diversity recruitment and HR Tech startup,” said Phil Toronto, SVP of Special Projects and Investing at VaynerX. “We always look forward to what the Mogul team will do next.”
Mogul’s board of advisors includes TV host and bestselling author Suze Orman, who is aligned with Mogul’s mission and values. “Mogul is the first board position I have ever accepted. I decided to work with Tiffany Pham and the Mogul team because they are working to make the world a better place for all,” said Orman.
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