Toronto-based CareGuide, which owns several websites that help people find care-givers, has made a strategic investment in Moncton-based recruitment technology company Qimple.
Qimple Founder and CEO Yves Boudreau confirmed the investment in an email on Thursday. The companies did not reveal the value of the investment.
Qimple, which is a graduate of the 500 Startups program in Silicon Valley, makes the hiring process easier for recruiters and applicants due to its applicant tracking system and proprietary candidate-scoring tool. The company also operates a range of job boards and hiring platform, including the Careguide job board and Entrevestor Job Board (a partnership between Entrevestor and Qimple).
Last year, Qimple closed a $600,000 equity funding round from such investors as the New Brunswick Innovation Foundation; BDC Capital; Dan Martell, founder of Clarity in Moncton; Halifax entrepreneur and investor Patrick Hankinson; and Sanjay Singhal, the CEO of Toronto’s audiobooks.com. The company also received US$100,000 investment on joining the 500 Startups accelerator.
CareGuide operates a portfolio of care matchmaking services, including Sitter.com, Housekeeper.com, PetSitter.com, ElderCare.com, and HouseSitter.com. The company has raised $5.5 million in equity and debt in the past two years, including equity investment from about 70 individual investors.
CareGuide said last year it would use the financing to invest in developing new growth channels, mobile applications, and to explore strategic acquisitions. Last August, it acquired CanadianNanny.ca.