Amsterdam-based AG5, a SaaS platform mapping and tracking employees’ skills and qualifications, announced on Tuesday that it has raised €6M in a fresh round of investment from Headline, Acadian, and Peak.
The announcement comes ten months after raising €1.2M from tech investor Peak.
The Dutch firm says it will use the funds to internationalise the platform further, starting from Germany. The Dutch company also aims to double the size of its team, triple its client base and cement its position as the European market leader in skills management.
AG5: Identify, visualise, and close skills gaps
Founded in 2019 by brothers Rick and Mathieu van Echtelt, and Wouter Gazendam, AG5 enables organisations to identify, visualise, and close skills gaps without complicated and inconvenient spreadsheets.
The company’s audit-proof dashboards provide organisations with clear, simple oversight of their employees’ skills and qualifications, making skills management easier than ever.
The Dutch company claims that its clients report an 80 per cent reduction in audit preparation times and 15 per cent savings on employee training budgets.
With offices in Amsterdam and Berlin, and a workforce of 31 employees, AG5 addresses a global market potentially worth €28B.
AG5’s client list consists of international organisations with a minimum of 500 employees, such as Jacobs Douwe Egberts, KLM, and Toyota Boshoku.
The company’s platform targets organisations with 200 to 40,000+ employees, is available in 14 languages, and offers technical integrations with HRM and e-learning platforms, planning systems, and training management systems, including SAP (as a certified partner), Moodle and Cornerstone.
These companies use AG5 to map the skills of employees to schedule them correctly, train them on time and ensure international regulatory compliance.