Luxembourg-based tech talent recruitment platform startup nexten.io raises $660K seed funding to accelerate growth
nexten.io, a Luxembourg-based tech recruitment platform startup, has closed a total of $660,000 (EUR 600,000) in a new round of seed funding, with EUR 400,000 invested by Expon Capital, and matched by EUR 200,000 from our original investors. Expon Capital supports the development of startups that use digital technologies to make a meaningful impact. Through their Digital Tech Fund, which is dedicated to technology startups in Luxembourg, they have invested €400,000 into nexten.io, which was matched by an additional €200,000 from its original investors.
Used by over 150 local companies to hire highly skilled profiles from software engineers to IT security experts, nexten.io matches developers and companies in direct contact to make the recruitment process more efficient.
“The key aim of nexten.io is to tackle the talent gap in the tech industry, which is currently facing the challenge of more than 1200 unfilled positions in Luxembourg, and over 750,000 across Europe,” says Eric Busch, CEO and Founder of nexten.io. “Our platform simplifies and accelerates the recruitment process for companies hiring tech experts, putting them into direct contact with pre-screened candidates from across Europe who are open to new opportunities,” he explains.
“We are looking at a huge market need when it comes to recruiting developers and IT experts. Though there are thousands of companies in this space, nexten.io differentiates itself with its “tech hires tech” peer-to-peer approach,” says Alain Rodermann, Founding Partner at Expon Capital. “Eric is a serial entrepreneur with several successes behind him and we are very happy to give him the opportunity to further develop this new venture,” he continues.
“Over the last year we have put together a highly-skilled and driven team, who I am confident will take nexten.io to the next level of success. In the coming months, we will launch a completely redesigned platform that will provide more powerful job matching based on machine learning and a more user-friendly experience,” says Busch. “This investment round will support our next stage of growth, allowing us to further establish our position as leaders in the local market, before expanding internationally to France, Belgium and Germany,” he says.