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This startup is for people that want to reach their full potential. The startup believes in (human) Touch & Tech. Touch: Their team adopts candidates and mentor them personally. Tech: They nurture and facilitate their candidates through tech solutions. This startup disrupts the market by focussing on adopted candidates. The Talent market has an immense shortage. They will adopt Candidates and help them to reach their fullest potential. High potentials will be mentored and fully facilitated and nurtured on their needs. The high potentials will follow the Stanford GIC (Global Innovation Catalyst) program. This startup focuses on 3 areas; 1. Build a network 2. Build teams 3. Growth They focus on fast growing organizations and help them to grow faster with new technologies and their high potentials. This company works with several recruitment agencies with talent managers. The main goal of the recruitment firms is to adopt great candidates and mentor them through the rest of their lives. Their tech is the service organization on sourcing. Cutting-edge tech applications that serve the organizations, recruitment firms and candidates at all stages. ATS, HR compliance, payroll, automation, robotics, communities, programmatic advertising, job board, onboarding, EVP, events and data.
At this moment the startup developed its own software with the help of a part third party software. They are now operational with this software and their revenue is increasing. The startup wants to have full control over the candidate journey (sourcing, onboarding, hr compliance and Administration). In order to do this, they are searching for funding.
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Business Model:
| They place high potentials at the best organizations. Thereby, they help to strategize organizations to grow faster. Through this startup earns by a fixed fee for their services (job board, automations, HR services, payroll). |
Customer type / profile:
B2B
Preferable investor type:
Angel investor, Venture Capitalist, Private Equity
USP’s:
| This startup puts the candidate first. They are building a tech organization full automated source, facilitate and nurture candidates, ATS and harmonized process for hiring organizations, payroll services, HR compliance and jobboard and on the other hand they mentor the adopted candidates. Deliver data patterns on the future of work |
Capital amount needed:
| €500.000,- (Total round is €600.000,-, although €100.000,- is already invested) |
Investment need:
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– 50% Tech & team – 30% Growth – 20% Operational
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Sector:
B2B Software; Zakelijke dienstverlening; Deep tech
Phase:
Early Growth
Number of founders:
2
Current number of employees:
5-25
Experience:
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One of the entrepreneurs is a successful serial entrepreneur with deep knowledge of the recruiting market. He created and exited a successful recruiting firm and the biggest job board in Europe. He is CEO of the Services venture part and Director in Holding. The other entrepreneur is an executive recruiter and senior leader in the security space. CEO of the Security Recruiting company. Hereby they have attracted a seasoned private equity investor, entrepreneur and mentor from Silicon Valley. An experienced leader in large organizations and startups. |
Monthly turnover (current):
| €10.000,- |
Turnover (forecast) next 12 months:
| €1.000.000,- |
Turnover (forecast) months 13 – 24:
€2.500.000,-
Current monthly expenses:
€14.000,-
Committed funding in the current financing round:
| €100.000,- (by the founders) |
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