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§ Private Profile · San Francisco, CA, USA
Fintech company providing credit and lending solutions for businesses across the United States, headquartered in San Francisco, CA.
Pesto has raised $16.0M across 2 funding rounds.
Key people at Pesto.
Pesto was founded in 2020 by James Savoldelli (Founder).
Pesto has raised $16.0M in total across 2 funding rounds.
Pesto Mastercard® empowers brands to launch their own revolving, secured credit cards, providing affordable credit options even for those with poor credit histories.
Pesto is a technology company that builds an AI-driven recruitment platform designed to connect companies with top remote software developers globally. It serves startups and established businesses by streamlining the hiring process through AI-powered matching with pre-vetted developers, reducing traditional hiring inefficiencies. Pesto’s platform offers transparent pricing and automated HR compliance, enabling companies to quickly build high-impact product teams with quality talent worldwide. This approach addresses the challenge of finding skilled remote developers efficiently, supporting the growth of distributed engineering teams and accelerating product development[1][2][6].
Pesto was founded by James Savoldelli and is based in San Francisco, California. The company emerged to solve the problem of inefficient and time-consuming hiring processes for remote developers by leveraging AI technology. Early traction came from its ability to pre-screen and match developers with companies, gaining trust from industry leaders and attracting talent globally. The involvement of notable tech figures, such as Swiggy’s co-founder Rahul Jaimini joining Pesto, highlights its growing influence and credibility in the tech hiring space[1][2][3].
Pesto rides the trend of remote work and the increasing demand for high-quality software engineering talent beyond traditional geographic constraints. The timing is critical as companies worldwide embrace distributed teams to access diverse talent pools and reduce costs. Market forces such as globalization, digital transformation, and the rise of AI in recruitment favor Pesto’s model. By enabling efficient remote hiring, Pesto influences the broader ecosystem by accelerating product innovation and supporting startups and established companies in scaling their engineering capabilities globally[1][2].
Looking ahead, Pesto is well-positioned to expand its platform capabilities, potentially integrating deeper AI insights and expanding into new markets. Trends such as continued remote work adoption, AI-driven HR technologies, and the growing gig economy will shape its journey. Pesto’s influence may evolve from a recruitment platform to a broader talent enablement ecosystem, helping companies not only hire but also develop and retain remote engineering talent. This aligns with its mission to unlock global opportunities where talent exists, making it a key player in the future of work and tech talent sourcing[2][6].
Pesto was founded in 2020 by James Savoldelli (Founder).
Pesto has raised $16.0M in total across 2 funding rounds.
Pesto's investors include Arrive, Cherry Ventures, Expa, Kleiner Perkins, Lux Capital, Penny Jar Capital, Sequoia Capital, SNR, Sweet Capital, Ash Pournouri, David Yang, Commerce Ventures.
Key people at Pesto.
Pesto has raised $16.0M across 2 funding rounds. Most recently, it raised $11.0M Series A in May 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2023 | $11M Series A | — | Arrive, Cherry Ventures, Expa, Kleiner Perkins, LUX Capital, Penny JAR Capital, Sequoia Capital, SNR, Sweet Capital, ASH Pournouri, David Yang, Commerce Ventures, Core Innovation Capital, Great Oaks Venture Capital, Human Capital, NJF Capital, Nomad Ventures, OEL Ventures, OVO Fund, Khaled Helioui, Soma Capital, Sozo Ventures, Y Combinator | Announced |
| Jan 1, 2022 | $5M Seed | Headline | ALT Capital, BAM Ventures, First Round Capital, General Catalyst, K9 Ventures, Left Lane Capital, Lerer Hippeau, Stanley Ventures, Volition Capital, David Lieb, Jared Sleeper, Kevin Weil, Garrett Lord, Joseph LAU, Nikil Viswanathan, Collaborative Fund, Correlation Ventures, NextView Ventures, Rucker Park Capital | Announced |