A spurt in job openings can be a sign a company will shortly be raising money, new data shows.
The Information sifted through job-opening estimates on dozens of companies collated by research firm Mattermark. Matching that with fund-raising data compiled by DataFox showed a clear pattern where companies started looking to increase their staff either in weeks leading up to or shortly after fund-raisings.
It’s to be expected that companies would hire more people after raising money. More surprising is the incidence of job openings spiking up before fundings are announced, something that Mattermark started noticing a year ago, according to co-founder Andy Sparks. “They kind of know the money’s coming and they start to work and operate as if the money’s in,” he said.