HR tech company completes $50m funding round
A HR tech company based in France has completed a$50m funding round.
Talentsoft was co-founded in 2007 by three entrepreneurs, Jean-Stéphane Arcis, Alexandre Pachulski et Joël Bentolila, will use the entire investment will be used to accelerate the company’s continued growth through innovation and international market expansion.
Its 2000 clients include EDF, Vinci, Lacoste, MaxMara, Toyota Europe, ST Microelectronics, Deutsche Bahn, Dorchester Collection hotels and National Bank of Belgium.
The company reported a 33 per cent growth in 2018 and has now secured over $14 billion in total investment.
It says its business strategy is now to acceleration of the company's international development, innovate the HR data management and employee experience, and pivot towards a platform open to external applications.
Francisco Partners leads the new investment, alongside existing investors Bpifrance and Goldman Sachs who are strengthening their capital.
“This funding round marks a new phase in the history of Talentsoft, and we are proud to be backed by leading venture capital firms,” said Jean-Stéphane Arcis, CEO of Talentsoft.
“Our existing partners, Bpifrance and Goldman Sachs, and new investor Francisco Partners, have shown strong confidence in what we are doing.
“We aim to go even further by becoming the first HR Tech platform in Europe with our new iPaaS program, which will make Talentsoft the number one destination for market innovations in HR.”