South African talent marketplace, OfferZen, garners $4.3 million in funding for expansion

OfferZen, the South African developer hiring marketplace, has obtained $4.3 million in funding from Invenfin and AI Capital. This follows a strategic shift in their business model and a leadership transition.

Established in 2015, OfferZen links job-seeking developers with tech firms, with over 2,000 companies using its platform. The company secured $5.1 million in funding in 2021, taking their overall investment to more than $9.4 million.

In response to the financial obstacles encountered by tech firms in 2023, OfferZen has added a new “fixed-fee unlimited hiring subscription”, in addition to their standard per-hire charge. This is designed to offer companies more predictable expenses and flexibility in their recruitment strategies.

Philip Joubert, OfferZen co-founder, shared his relief that the new unlimited model proved successful, acknowledging the significant number of customers who have switched to it over the past year.

After a three-year tenure as CEO, Joubert is relinquishing control to Matt Beck, OfferZen’s former VP of Marketing.

Beck expressed enthusiasm for the direction the company is heading, emphasising imminent platform updates that utilise AI to improve the matching of candidates and companies.

With an updated business model, fresh leadership, and plans for AI-driven improvements, OfferZen is poised to enhance its role in linking leading developers with tech firms in South Africa and beyond.