Tech Startup Woven Raises Additional Capital

By Anonymous

Indianapolis-based tech startup Woven recently raised $425,000 from several well-known investors, the company announced last month.

Investors include High Alpha Capital, Formstack founder Ade Olonoh; John Quails, the former CEO of Bluelock; and Christopher Clapp, the former CEO of Angel Learning.

“Woven’s unique approach to evidence-based hiring is a game-changer for development teams, especially as the challenge to recruit top engineering talent will only continue to increase,” said Eric Tobias, a partner at High Alpha.

Their investments will be added to $140,000 that Woven co-founder Wes Winham is investing with proceeds from the sale of his company, Policy Stat.

Woven, which is at The Union 525 tech co-working space downtown, was launched in November 2017 by Winham, Kyle Shipley and Anthony Panozzo.

The company developed a credentials-blind candidate-screening process that helps customers hire software engineers. Instead of resumes, developers are chosen for interviews based on their performance on a one-hour software engineering simulation that Woven builds, administers and summarizes.

This article provided by NewsEdge.