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Talentsoft, a leading provider of learning and human capital management software solutions in Europe, has raised a $50 million in the funding round led by Francisco Partners. Notably, the funding bid is ranked among the 10 largest funding rounds in Europe in 2018 for enterprise software. Further, the current list of investors includes Bpifrance and Goldman Sachs.
The entire investment will be used to accelerate the company’s continued growth through innovation and international market expansion, reinforcing the company’s position as the European leader in HR Tech.
33% growth in 2018
The French company was co-founded in 2007 by three entrepreneurs (Jean-Stéphane Arcis, Alexandre Pachulski and Joël Bentolila) and has rapidly grown since to +33% growths in 2018.
“This funding round marks a new phase in the history of Talentsoft, and we are proud to be backed by leading venture capital firms. 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,” explained Jean-Stéphane Arcis, CEO of Talentsoft.
The cloud-based talent management software developer serves 2,000 clients and 9 million users across the world, in 27 languages. The company offers a one-of-a-kind combination of core HR and ready-to-use HR analytics dashboards. Its software solutions cover a range of core HR verticals and the ones in the entire talent management cycle, including recruiting, onboarding, performance, talent review, competencies development, learning and compensation.
Some of its clients include EDF, Vinci, Lacoste, MaxMara, Toyota Europe, ST Microelectronics, Deutsche Bahn, Dorchester Collection hotels and National Bank of Belgium.
Future unicorn?
Talentsoft CEO Jean-Stéphane Arcis is enthusiastic about the company’s future as they wish to paddle way through the European HR Tech market. Talentsoft plans to invest in HR data management and employee experience innovations. It also aims to develop a platform open to external applications. The $50-million investment will definitely enable the company to strengthen its position as the European leader in HR Tech.
Further, the company intends to optimise the employee experience while considering the cultural, linguistic and regulatory specificities of HR management in the European continent. Talentsoft has been playing a crucial role for organiations for which managing employee data is pivotal and strategic. Reportedly, the company notes that the revenues will reach $100M in a near future, a first for an Enterprise SaaS company in Europe.
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