Headrace is a recruiting marketplace built to connect employers with top independent recruiters and to scale hiring outcomes through technology.

HeadRace Startup: Their goal

Turn an ambitious vision into real traction and a product that could stand up to investor scrutiny. What they lacked was the engineering execution and team structure to build it fast and credibly.

HeadRace and MeltStudio: The Playbook

Under mounting investor pressure and zero margin for delay, Headrace engaged Melt Studio as its agile tech partner. We stepped in as a high‑trust team that moved fast, owned execution, and delivered their MVP without the overhead of building a full in‑house dev organization.

The HeadRace Product:Our approach

Translate early product vision into a prototype, iterate quickly based on feedback, and deliver production‑ready SaaS functionality—all aligned with the goals of venture capital investors focusing on scaling, unit economics, and product‑market fit.

The Milestone of HeadRace

On April 5, 2023, Headrace publicly announced a $6 million seed funding round led by Greylock, Susa Ventures, and Breyer Capital. This milestone validated the product foundation we helped build and positioned Headrace for accelerated growth in the recruiting tech space.

• MVP delivered on time and on budget.

• Measurable traction reached at the right moment to satisfy investor expectations.

• A structure and process model that allowed the founding team to operate like a mature tech org, from day one.

Since then, Headrace has evolved into a new model as Multiply Talent, a next‑generation offering marrying executive search, AI/data strategy, and platform‑driven recruiting services. The groundwork laid during our collaboration gave them the operational muscle and product integrity to make that evolution possible.

If you’re a CTO, Founder, or VP of Product at a pre‑seed to Series A startup, this story hits the right notes:

– How to position a recruiting marketplace SaaS for investor review.

– How to partner with a nearshore dev team to accelerate time‑to‑market.

– How to create the transparency, process, and execution rhythm VCs expect when they write checks.

At Melt Studio, we don’t just supply developers, we act as your sous‑chef in the kitchen, helping you cook your secret sauce while you stay focused on business leadership, not backlog management.

To talk about how we can help you build your product, structure the team, and align with your next fundraising milestone:

Thanks for reading—schedule a call today!

References:

1. "About HeadRace" Search 2025. crunchbase.com/organization/headrace

2. News “HeadRace raises $6M”, Finsmes, March 2023. finsmes.com/2023/03/headrace-raises-6m-in-seed-funding.html

3. As publicly reported by RecruitmentTech, April 5, 2023. recruitmenttech.com/us-based-recruiting-platform-headrace-raises-6m-to-democratise-the-hiring-process-with-tech

4. Melt Studio Case Study – Headrace. meltstudio.co/case-studies/headrace