New capital to fund expansion of SaaS-based software that provides a systematic recruitment process to shrink the talent gap
DES MOINES, Iowa – Bridgepoint Merchant Banking is pleased to announce that its principals exclusively advised BirdDog on its $4.0 million Series A venture financing. The financing was led by Next Level Ventures.
BirdDog is the leader in recruitment and applicant tracking solutions (ATS) for the construction and skilled trades industries The investment will be used to further BirdDog’s already impressive growth. Specifically, the funding will be used to scale the company, expand its Software as a Service (SaaS) product offering, and grow the already passionate customer community.
The investment in BirdDog was the first from Next Level’s new $30 million fund. They join prior and return investor Bridgepoint Investment Partners.
BirdDog’s focus is to help recruiting and HR leaders address the escalating challenge of attracting top talent with the best skills. The BirdDog ATS simplifies job distribution, applicant tracking, candidate management and reporting by creating a systematic recruitment process. The result is an easy-to-use, streamlined, documented and repeatable process for attracting more qualified applicants and making better hires.
“The market is calling for us to accelerate our business plan and we needed to raise capital. Bridgepoint was instrumental in helping us prepare for and execute the process of seeking venture capital on a nationwide basis. Their expertise and institutional relationships were highly valuable to us,” said Todd Skokan, President and CEO of BirdDog. “Bridgepoint gave us the information and guidance we needed to make important decisions, including the confidence to close the round in a short time frame.”
Adam Claypool, Managing Principal of Bridgepoint, acting in the capacity of a registered agent, said, “Thanks to an industry leading team and strong growth at BirdDog, we were able to find the right financing partner on attractive terms. Our team specializes in the type of processes and planning that it takes to successfully execute a capital raise or M&A transaction.”
About Bridgepoint Merchant Banking
Bridgepoint Merchant Banking, a division of Bridgepoint Holdings, LLC, is a lower and middle market investment banking and private equity firm. The Bridgepoint team, through their broker dealer relationship with M&A Securities Group, serves clients over their corporate lifecycles by providing merger and acquisition and corporate finance advisory services. Bridgepoint Merchant Banking also invests capital directly into companies through its private equity and venture capital funds.
To learn more about Bridgepoint, please visit www.bridgepointmb.com
BirdDog provides recruitment and applicant tracking solutions including candidate sourcing and screening, recruitment management, and reporting for compliance. As a leader in delivering easy-to-use recruiting software and services, BirdDog’s proven cloud-based solution drives candidate flow, shortens time to hire, centralizes communication, and reduces the cost of recruiting. BirdDog’s clients span all industries with an emphasis on construction, engineering and supply. BirdDog is proud of its high satisfaction rating across their 700 customers who have transformed the “panic hire” in to an organized and effective talent acquisition strategy.
To learn more about BirdDog, please visit www.birddoghr.com