New Investments

South African Developer Marketplace OfferZen Secures $4.3 Million Funding For Growth

OfferZen, a South African developer hiring marketplace, has secured $4.3 million in funding from Invenfin and AI Capital. This comes alongside a strategic shift in their business model and a change in leadership.

Founded in 2015, OfferZen connects actively job-seeking developers with tech companies, boasting over 2,000 companies on its platform.
In 2021, the company raised $5.1 million, and this latest funding round brings their total investment to over $9.4 million.

Recognizing the financial challenges faced by tech companies in 2023, OfferZen has introduced a new “fixed-fee unlimited hiring subscription” alongside their traditional per-hire charge. This aims to provide companies with more predictable costs and flexibility in their recruitment efforts.

“It’s always scary making a big change to your business, but fortunately Unlimited worked,” said OfferZen co-founder Philip Joubert.

“It’s easy to budget for, competitively priced, and we hoped it would relieve some of the pressure our customers were feeling. A significant number of our customers have moved to the subscription model over the last year.”

After three years leading the company, Joubert is stepping down as CEO and handing the reins to Matt Beck, previously OfferZen’s VP of marketing.

Beck expressed his excitement for the future, highlighting upcoming platform updates that leverage AI to enhance connections between candidates and companies.

With a revamped business model, new leadership, and plans for AI-powered advancements, OfferZen is aims to further connect top developers with tech companies in South Africa and beyond.

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