AI-powered diversity recruiting firm Joonko in chaos as CEO accused of ‘staggering’ fraud

A September press release touted “remarkable growth” at Joonko under Raz’s leadership “with 500% growth in sales for two consecutive years.”

The startup claims to have more than 150,000 job candidates within its platform. “Partner companies” listed on its website include corporate giants such as Adidas, Nike, Intuit, PayPal and American Express.Financial backers for last fall’s $25 million fundraising round included prominent venture firms Insight Partners, Target Global, Kapor Capital and Vertex Ventures.

Ahead of the round, Insight Partners conducted a comprehensive due diligence effort that included financial audits, customer calls and background checks – and did not uncover anything amiss, a person familiar with the investment told The Post.

Source: Tech Daily Report (techdailyreport.net)

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