German SaaS start-up disrupts traditional recruiting with a marketing-based approach to winning new talent
Talentry will internationalize across Europe and North America
Nauta Capital, a pan-European VC focused on capital-efficient Software, leads the round
Talentry’s recruitment marketing platform helps companies find the talent they need by utilizing their employees’ social networks. Talentry enables digital employee referral programs as well as employee advocacy, helping organizations gain access to new talent pools while strengthening their employer brand. This latest funding will help boost investment in new product capabilities and grow the team, as well as fund Talentry’s entry into large international markets such as the UK and US.
Companies struggle with escalating demand for highly skilled people in many different industries: a global trend known as the “war for talent”. Since 2013, Talentry has been addressing this challenge with its SaaS platform, Talentry Jobs, a tool that digitalizes employee referral programs. Referrals are considered one of the most effective ways of recruiting, reducing cost-per-hire, accelerating time-to-hire and enhancing the quality and cultural fit of candidates.
An additional module, Talentry Stories, helps recruiters turn employees into powerful brand ambassadors. By sharing corporate content that is directly linked to open vacancies, they can directly support their organization’s recruiting effort. The platform also integrates easily with existing applicant tracking systems.
Talentry serves over 150 clients across all industries, including Henkel, Swiss Post, Vodafone, Axel Springer and Universal Music Group.
“The latest fund raising led by Nauta Capital enables us to shape the future of digital recruiting by investing massively in our platform,” says Carl Hoffmann, CEO of Talentry. “Across all industries, we see a need for companies to transform the way they recruit talent, shifting towards a process comparable to how they win customers in sales and marketing: attract, convert, engage, retain. To do this successfully, attracting candidates, building talent pools and nurturing them long-term, companies need the right technology.”
“At Nauta we invest in capital-efficient global disruptors in the software space, and we believe Talentry has the potential to create a new software category focused on building and nurturing relationships with talented potential candidates at scale. As this is the first investment we made in Germany from our current €155 million fund, this investment is the first building block of our German operations,” explains Guillem Sagué who led the investment at Nauta Capital.
Additional contributors to this Series A funding are Global Founders Capital and Allgeier SE. A number of business angels are also involved, including all three founders of Celonis. Carsten Thoma, founder of Hybris (acquired by SAP), is contributing to the funding and will join Talentry’s advisory board.
“We believe in Talentry´s innovative marketing-based approach to winning new talent. The company has been an early leader in social recruiting, and will continue to transform the recruiting technology landscape,” says Matthias Müller, Partner at Global Founders Capital.
For more information about this press release, contact:
Nauta Capital | Sam Ahmed | firstname.lastname@example.org
Talentry | Daniel König | email@example.com
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Talentry is a software company founded in 2013 and is one of the leading providers of cloud-based recruiting solutions. Based on its digital employee referral and advocacy platform - "Talentry Jobs“ and "Talentry Stories“ - the company enables organizations to gain access to new talent pools and communicate their employer brand by leveraging their employees’ networks. Talentry utilizes the power of social networks to connect people with organizations they love and helps companies win the war for talent. Serving international industry leaders as well as numerous DAX-listed companies, Talentry is based in Munich/Germany and employs more than 40 people. Further information: www.talentry.com/en
About Nauta Capital
Nauta Capital is a pan-European Venture Capital firm investing in early-stage technology companies and operating from two main hubs: London and Barcelona. Main areas of interest include B2B Software propositions, disruptive Digital Media companies, and enabling technologies for Mobile and the Internet. Nauta has $300+ million under management and invests in Western Europe and the USA. Nauta has led investments in 30+ companies including Brandwatch, CloudIQ, Nextail, GreatCall, Marfeel, MishiPay, Force Manager, Scytl, Getapp, BeMyEye, Geoblink, Aba English, Fizzback, Privalia and Social Point. www.nautacapital.com