Talent Intelligence Innovator Loxo Secures Growth Investment Led by Tritium Partners in a $115M Transaction to Accelerate AI and Product Development
- Editor
- Feb 20
- 2 min read
Whats Happening:
Loxo, a talent intelligence platform and recruiting software company, has secured a significant growth investment led by Tritium Partners. This investment will enable Loxo to expand its market reach and further develop its AI-powered recruiting platform. The company's suite of products is designed to manage the full recruitment lifecycle through a single system-of-record software platform.
Key Moves:
Loxo secures growth investment led by Tritium Partners in a $115M transaction
Paul Bartlett joins Loxo as Executive Chairman to guide expansion plans
Loxo aims to accelerate AI and product development with new funding
By The Numbers:
Tritium Partners has nearly $1.5 billion of committed capital raised
Loxo's platform includes a search engine of over 750 million people
Loxo received the highest net promoter score among largest Applicant Tracking Systems in US and UK
Key Quotes:
"This significant growth investment from Tritium Partners marks a transformative moment for Loxo, validating our vision and enabling us to push the boundaries of what's possible in system-of-record recruiting platforms," said Matt Chambers, CEO of Loxo.
"We view Loxo as a true innovator in this space and believe the company is well positioned to meet the growing demand for intelligent hiring solutions," said Chris Steiner, Partner with Tritium Partners.
"I am thrilled to join Loxo and work with the team in striving to provide the most user-friendly AI-powered tools for recruiters across the globe," said Paul Bartlett, new Executive Chairman of Loxo.
Bottom Line:
Loxo's $115M growth investment from Tritium Partners positions the company to accelerate its development of AI-powered recruiting solutions and expand its market reach. With the addition of Paul Bartlett as Executive Chairman and strong market validation, Loxo is poised to capitalize on the growing demand for intelligent hiring solutions in the rapidly evolving recruitment technology landscape.
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