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Maritime recruitment platform Seafair gets $5.7M led by General Catalyst – FiratNews

Maritime recruitment platform Seafair gets $5.7M led by General Catalyst – TechCrunch

The individuals who work on delivery vessels are very important to world commerce, however they nonetheless expertise a whole lot of arcane hiring processes. Many lack transparency about necessary issues like pay and even the working circumstances of they ships they are going to spend months on. Maritime recruitment platform Seafair was created to unravel these issues. It vets seafarers and delivery operators and makes use of matching algorithms to suit crew members with the appropriate vessels.

The corporate introduced as we speak it has raised $5.7 million led by Common Catalyst, with participation from FirstMinute Capital, Sign Ventures, TA Ventures, SV Angel, SpeedInvest and returning investor FJ Labs. This brings Seafair’s whole funding to about $7 million.

Seafair was launched late final 12 months by Agapitos Diakogiannis, who was born and raised in Greece, and its present purchasers embrace one of many world’s prime 100 delivery corporations.

“Greece is among the world superpowers in delivery, so after I was working in consulting, I grew to become near the trade and actually fell in love with it.”

After consulting, Diakogiannis hung out in enterprise capital, had been he noticed how labor marketplaces are disrupting industries like building, manufacturing, oil and gasoline.

Diakogiannis realized he had the community to handle a big market alternative, however there was another excuse for beginning Seafair. After speaking to seafarers, he realized how opaque the hiring course of is. Many individuals have bother discovering jobs regardless that their labor is in excessive demand and so they don’t know quite a bit about working circumstances or fee earlier than accepting a placement.

Seafair matches employees with delivery corporations based mostly on their background, abilities and efficiency, and makes use of matching algorithms to make the method of filling vacancies extra environment friendly. It additionally gives vessel operators with human assets software program that helps them consolidate knowledge that’s in any other case siloed in numerous ERP platforms and spreadsheets. Seafair is at present centered on senior officer roles, like chief engineers and ship masters, since these positions are those which have probably the most certification and coaching to trace.

Delivery corporations are based mostly all over the world, however about 50% of seafarers come from Jap Europe and the Philippines, so that they usually depend on companies to employees vessels. Since companies depend on hiring commissions to earn money, nonetheless, they won’t at all times present the most effective suits for openings, Diakogiannis stated.

Seafair gives a digitized and extra clear model of conventional companies (and is licensed to function as an company in Ukraine and the Philippines, with extra nations deliberate).

First, seafarers add their CVs on-line, then Seafair runs a sequence of background checks and on-line assessments. If it decides somebody is an effective match for a vessel, the platform schedules interviews. If they’re employed, Seafair begins the deployment course of, together with digital contracts.

The platform additionally verifies employers and the vessels underneath their administration earlier than they’ll begin utilizing Seafair. The startup’s HR software program consists of instruments to handle funds, insurance coverage, schedules and relaxation hours. A few of its options personalized to the maritime trade embrace alerts for when a seafarer’s certifications are going to run out, and wage suggestions to assist improve retention charges.

Seafair’s new funding will likely be used to construct extra know-how for seafarer vetting and develop in markets together with Germany, Nordic nations and america.

In a press release, Common Catalyst managing director Niko Bonatsos stated, “The maritime trade is among the final untapped frontiers. One wants deep trade insights, an formidable imaginative and prescient and a decided group to achieve a market like this—and we noticed all of the above in Seafair.”

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