Capital One Ventures put up a share of the funding to help bring IT assessmennt software provider CodeSignal's overall funding to more than $37m.
CodeSignal, the US-based creator of a technology skills assessment platform, attracted $25m of series B funding yesterday from investors including Capital One Ventures, the corporate venturing arm of financial services firm Capital One.
The round was led by venture capital firm Menlo Ventures and included A Capital, Felicis Ventures, Correlation Ventures, CM Ventures, Human Capital and TripHammer Ventures.
Founded in 2014 as CodeFights, CodeSignal offers skills assessment software that exploits machine learning to test the proficiency of software development job candidates. It plans to use the capital to increase headcount.
Venture capital firm e.Ventures had led a $10m series A round for the company in 2016 with participation from SV Angel, Felicis Ventures, A Capital, Granatus Ventures and Correlation Ventures.
The series A followed a $2.4m seed round the previous year backed by Felicis Ventures, Sutter Hill Ventures and angel investors including Auren Hoffman, Adam D’Angelo and Tom Fallows. Hive Ventures is among CodeSignal’s earlier backers.