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LiveHire raises USD20m to accelerate growth in global RPO channel and AI investment

LiveHire Limited, a Live Talent Community software platform providing an enterprise scale, human-cloud hiring ecosystem across entire industries, has received firm commitments to raise USD20 million via a placement to institutional and sophisticated investors.

The Placement will comprise of approximately 19.05 million shares (Placement Shares) at a price of USD1.05 for each Placement Share. This price represents a 2.1 per cent premium to the Company’s 15-day volume weighted average price (VWAP). The Placement Shares will rank equally with existing ordinary shares.
 
The Placement is expected to be completed within 5 business days and will be issued without disclosure under the Company’s placement capacity under ASX Listing Rule 7.1.
 
LiveHire Founder and Managing Director, Antonluigi Gozzi, says: “Today we are sending a clear message that LiveHire is here to invest in and support the most innovative of Recruitment Process Outsourcing (RPO) firms with the technology that delivers proactive recruitment, agile workforce solutions, and positive candidate experiences for their enterprise clients on a global scale.
 
“The success of our growing number of RPO partners in new tender wins, and demand from their existing portfolio of large organisations to switch to Talent Community Outsourced (TCO) solutions, means we will accelerate product development to make the LiveHire platform applicable to as wide a range of regions and workforce applications as possible.
 
“We will also accelerate our open collaboration and deep integrations with major talent sourcing and search technologies, to further remove inefficiencies for employers and candidates, blending AI and Machine Learning to transform our industry into one that connects candidates and companies in a more human way.”
 
Morgans Corporate Limited acted as Sole Lead Manager to the Placement.

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