In 2019, 50% of employers in France said they were experiencing a talent shortage, according to the “Data Emploi Territoires” barometer conducted by Adecco. While the talent shortage within the companies has increased since the post-Covid recovery, French startup CleverConnect, which is trying to optimize the recruitment process, has raised 30 million euros in series B from German fund Digital+ Partners, with the participation of its historic investors, Citizen Capital and Sofiouest. The company, which has already raised 5.5 million euros in 2019, aims to establish itself in Europe as a major player in talent recruitment.
Launched in 2016 from a merger of Meteojob and Visiotalent companies, CleverConnect supports 2,500 client companies, of all sizes and in a variety of sectors, at all stages of their recruitment, from acquisition to qualification and selection of candidates. The startup relies specifically on its Meteojob platform, which has 7.5 million registered candidates and makes it possible to “match” talent with companies, as well as Visiotalent, a video capture tool to give candidates a voice.
“A tense in terms of recruitment in Europe”
CleverConnect claims in 2020 a 40% increase in the turnover of its recruitment assistance software. In fact, more than 840,000 interviews were conducted remotely this year, a figure up 120%, favored by the health context. The startup continues its acceleration into 2021 as it claims more than 50% revenue growth. The Parisian company, which declares its own profitability, aims to reach 25 million candidates in Europe on its platform by 2023.
“We are entering a very tense period in terms of recruitment in Europe for the next 24 months, linked to the post-Covid recovery, high turnover in companies and labor shortages in many sectors. “commented Marko Vujasinovic, CEO of CleverConnect. “In this context, recruitment is more of a strategic issue for all companies”.
Strengthen its presence in Europe
CleverConnect aims to strengthen its presence in Europe, specifically in Germany, Belgium, the Netherlands and Scandinavia. The startup plans to recruit more than 150 talent by 2022, in France and in Europe. At the same time, the company aims to accelerate its investments in AI to deploy new innovative technologies.
In this market, we can mention French startup Clustree, which develops an HR recommendation platform for career management and recruitment based on AI, acquired by American Cornerstone in 2020. Cloud management software publisher des talents paid $ 18.5 million to capture the French company.
Businesses “They need to profoundly change and digitize their recruitment processes, to make them more agile and more helpful to candidates, otherwise they will find themselves in extreme difficulty”, added Louis Coulon, co-founder of CleverConnect. ” Clearly AI will play a major role in this change by facilitating the connection between companies and candidates, by suggesting new career paths and new opportunities..
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CleverConnect: basic data
Founders: Louis Coulon, Marko Vujasinovic and Gonzague Lefebvre
The head office: Paris
Activity: recruitment assistance
Funding: 30 million euros in series B with the German fund Digital+ Partners, with the participation of its historic investors, Citizen Capital and Sofiouest.