The Munich-based HR startup Talentry has closed a Series A financing round totaling €6 million. Investors include the founders of Celonis.
The European venture capital firm Nauta Capital leads the investor group. Along with other business angels, the three founders of Munich's youngest unicorn startup Celonis and the companies Global Founders Capital and Allgeier participated in the financing round.
Talentry offers a cloud-based recruiting platform. Employees can share their employers' vacancies on social media, thus becoming brand ambassadors themselves. This is intended to make the application process cheaper and faster. The Munich-based company already has over 150 customers in various industries, including Henkel, Swiss Post, Vodafone, Axel Springer, and Universal Music Group.
“Talentry was an early leader in social recruiting”
The startup will invest the fresh capital in product development, hiring new employees, and entering additional markets such as the UK and the US.
“The recent investment by Nauta Capital and other investors enables us to invest significantly in our platform and help shape the future of digital recruiting,”
says Carl Hoffmann, Managing Director at Talentry. Guillem Sagué, who is responsible for the investment at Nauta Capital, explains:
"Nauta invests in capital-efficient global disruptors in the software space. Talentry has the potential to create a new software category for building and nurturing relationships with talent. This investment from our current fund, totaling €155 million, is our first German investment and marks the beginning of our German operations."
Matthias Müller, Partner at Global Founders Capital, says:
"We are convinced by Talentry's innovative approach to attracting new talent using a marketing-based approach. Talentry was an early leader in social recruiting and will continue to significantly disrupt this technology segment."
