Koru Raises $2.7 Million

According to a recent SEC filing, HR startup Koru has raised $2.7 million in financing from an undisclosed investor.

Koru is a leader in predictive hiring based on key drivers of performance, retention, and diversity: grit, ownership, teamwork, curiosity, rigor, impact, and polish. As a first step, Koru determines which of these factors most drives performance in a client’s company. It then builds a custom data model to screen a client’s applicants for those characteristics. According to the company, customers that use Koru increase performance and productivity of their early career workforce, increase diversity, and reduce the cost of bad hires. Its customers have seen 30 to 60 percent increases in high performing hires using Koru, with associated ROI in the millions per year.