Ontame.io raises $800K from PreSeed Ventures and The Danish Growth Fund for its recruitment marketing platform.

Ontame, a Copenhagen, Denmark-based company managing a recruitment marketing and analytics platform, announced securing $800k in capital added to the company.

The money comes from PreSeed Ventures and The Danish Growth Fund and will be used to enhance the product and expand the business in new markets. At the same time, the company announced appointing a new CEO, Martin Stockfleth Larsen, formerly a CMO of Adform.

Ontame.io, founded by Jens Reimer Olesen and Morten Petersen, developed a platform for recruitment marketing and analytics, which is enabling recruiters to reduce time-to-fill and cost-per-application by using artificial intelligence, making smarter recruitment marketing decisions and driving change. The platform collects, merges and analyzes data from career websites, social media and ATS, and applies predictive analytics to help recruiters attract talent.

The company, which employs 12 people, was not profitable in 2017, with registred losses of DKK 2.6M ($430k). In 2016, Ontame raised $1M in seed funding, from local investors including Magnus Kjøller.