Job Crystal, a female-founded startup, has received R4.2-million in funding from Enygma Venture’s Shift Fund.
Applications for the Shift Fund are still open and entrepreneurs and SMMEs are encouraged to apply
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The investment funding will enable the female-led company to develop new technology to increase the turn around time within the process of recruitment. This will in-turn offer clients a smoother hiring process, decreasing unemployment rates, and more.
Sarah Dusek Managing Partner and Co-Founder of Enygma Ventures comments on the investment into Job Crystal.
“Never has there been a more critical time to get South African’s back into work. We see the recruitment industry as vital in South Africa’s economic recovery enabling employers to navigate finding the right talent, quickly and efficiently, getting more people back to work sooner.”
The Shift Fund (see this story) is a subfund created by Enygma Ventures in response to the impact of the current Covid-19 pandemic and focuses on entrepreneurs and innovators in Southern Africa who are passionate about creating new solutions that address challenges facing Africa both during and after the pandemic.
Job Crystal
Job Crystal is one of South Africa’s leading recruitment company’s. Founded by dynamic female duo, Sasha Knott and Kelly Louw, Job Crystal has established its name as a premium recruitment company.
Sasha Knott, managing director and co-founder of Job Crystal, comments on receiving the new investment funding.
“We’re thrilled to receive this investment from Enygma Ventures which will help us to improve our tech development and expand our footprint across the country and region,” says Knott.
With dismal unemployment rates before the pandemic even further exacerbated due to the impacts of Covid-19, Job Crystals aims to make more than just a dent in the unemployment sector.
Sandras Phiri, CEO of Startup Circles explains that Job Crystal’s focuses on small and medium sizes businesses, offering an effective recruitment solution to these much-needed businesses to revive the local economy.
“Job Crystal has strongly positioned itself within the recruitment market focusing on small and medium-sized businesses with a passion for solving Africa’s unemployment crisis using technology and smart problem-solving skills. This is what we at Shift Fund are looking for – businesses that combine smart, innovative strategies and technologies in scalable models,” he said.
Apply now to the Shift Fund
Applications are currently open to the Shift Fund. All entrepreneurs and innovators in Africa who have existing businesses and ideas that are still in the ideation stage and have the capability to solve Africa’s challenges in a post-pandemic world are encouraged to apply here.
Applications close on Monday 31 August.
Read more: New early-stage Venture Capital Fund to back cohort companies launches
Read more: Shift Fund reopens applications for funding
