HireVue

Deal Snapshot

Company: HireVue, Inc.

Website: hirevue.com

Sector / Category: HR tech / Video interviewing + talent assessments + hiring automation

Headquarters: Sandy, Utah, USA

Founded: 2004

Investor: Frazier VC

Investment Vehicle: Fund I, Fund II

Deal Type: Secondary

Company Overview

HireVue provides a hiring platform that helps organizations engage, screen, assess, interview, and hire candidates using video interviewing and talent assessments. The company positions its solutions around improving hiring speed and consistency, with technology and assessment methods supported by industrial-organizational (I/O) science and structured evaluation practices.

Public Funding / Capital Events

Oct 2, 2013 — $25M funding round led by Sequoia Capital

HireVue announced a $25M round led by Sequoia, with participation from Kickstart Fund and several existing investors.

Sep 3, 2019 — Carlyle signs agreement to become majority investor

HireVue announced Carlyle would become its majority investor, with existing shareholders (including TCV, Granite Ventures, and Sequoia) remaining minority investors alongside management. This transaction closed Oct 15, 2019.

May 9, 2023 — HireVue acquires Modern Hire

Investment Summary

Frazier VC invested in HireVue through secondary purchases across multiple funds. Fund I purchased secondaries in January 2017, and Fund II purchased additional secondaries across 2017–2018. These secondary transactions provided exposure to a category-leading digital interviewing and assessment platform serving enterprise hiring teams.

Why We Invested

Frazier VC invested in HireVue because we believe infrastructure that supports repeatable, high-volume hiring workflows can scale efficiently as adoption grows across large employers. HireVue’s platform is designed to embed into mission-critical recruiting processes, creating durable workflow stickiness and meaningful switching costs over time. We also value differentiated platforms in large markets that can expand their footprint through additional assessment modalities and automation, supported by strong leadership teams focused on execution.

Other Investors

The Carlyle Group

TCV

Sequoia Capital

Granite Ventures

HighGear Ventures

Kickstart Fund

Peterson Ventures

Investor Growth Capital

Rose Park Advisors