TalentRocket, operator of a digital career platform for legal professions, has gained an additional investor in BayBG Bayerische Beteiligungsgesellschaft.
The Munich-based IT company will use the capital to establish a new division for additional highly qualified professional groups and to expand into Austria and Switzerland. TalentRocket is the leading career platform for lawyers in Germany. It is aimed at lawyers of all levels of education, from students to experienced lawyers. 3,000 employers—law firms, entrepreneurs, and administration—are currently listed.
On the other hand, with 175,000 monthly users, the company has a high reach among the legal target group. An intelligent matching algorithm, which is continuously being developed, brings the two sites together in a targeted manner.
Rapid sales growth convinces investors
In addition to well-known large corporations and major law firms—such as Freshfields, Linklaters, Audi, and PWC—numerous medium-sized companies and law firms also use the platform as an efficient recruiting channel. Currently, over 170 clients trust TalentRocket.
"The business model and technology are mature and successful. It is therefore logical and consistent to expand the concept to other highly qualified and specialized professional groups. We are convinced that the implementation of the platform for other verticals, as well as the international expansion steps, will be just as successful,"
explains BayBG investment manager Alexander Ullmann BayBG’s commitment:
“The platform, launched in its current form in 2014, has established itself within just a few years and is impressing with rapid sales growth.”
TalentRocket is now pursuing expansion plans
TalentRocket’s management is also satisfied. Yacine Coco, Founder and CEO of TalentRocket:
"With BayBG, we have found a renowned and future-oriented venture capital partner whose investment will bring the financial resources for our product expansion and internationalization into the company."
TalentRocket Managing Director Sebastian von Glahn added:
"The investment comes at a time when we've gained tremendous momentum. It will be very valuable for our expansion plans."
