Teal will add new features to job search platform after $6.3M raise

Teal, a startup that helps professionals manage their job searches, is in growth mode after securing $6.3 million in seed funding.

The Coral Gables company will make key hires and develop more products for its platform with the new capital, said CEO Dave Fano.

"I'm particularly excited about the work we're doing to build a recommendation engine that will help people find and learn the right skills to grow in a career they love," Fano stated in a letter posted the Teal website.

The company aims to analyze the skills gap between a user's resume and their desired roles to recommend targeted courses on platforms such as Coursera and General Assembly, he added.

Founded in 2019, Teal is now backed by more than $11 million in investor capital. The startup moved its headquarters from New York City to Miami in early 2021, part of a trend of tech and finance ventures that relocated to South Florida during the height of the Covid-19 pandemic.

The latest seed round was led by New York-based City Light Capital, with support from additional investors like Miami's Pareto Ventures and angel investor Tom Willerer, the former chief product officer at Opendoor and Coursera, an online education provider.

Teal's job tracker, resume builder and Chrome extension tools help users manage and accelerate their job searches. The startup reports it helped more than 65,000 users land jobs at companies like Google, Apple and Spotify over the past year.

Workers across industries switched jobs during the pandemic, a boon for career search platforms like Teal. And that trend is expected to persist: One recent analysis from the consulting firm Gartner predicts voluntary turnover at businesses will remain 20% higher this year compared to the pre-pandemic annual average.

"Teal is building the tools to help people navigate the future of work where career agility is more important than ever," Jeff Rinehart, a partner at City Light Capital, said in a statement.

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