Danish tech startup TalentHub raises $5M in funding to revolutionize the way employers hire candidates
The job search space has evolved dramatically over the last decade. Smartphones and mobile apps have made it easier for job seekers to search with just a few clicks. By the same token, the competition for talent has never been greater.
Unfortunately, many companies and organizations still depend on the archaic method of attracting the best talent. Now one startup wants to change that and revolutionize the job search space and simplify recruitment for employers worldwide.
Enter Talenthub.io, a Danish tech startup Talenthub that’s revolutionizing recruitment by collecting data and insights from the recruitment process and providing feedback directly from your candidates to employers.
Today, TalentHub announced it has secured $5 million in funding to accelerate global expansion. The round was led by Danish venture fund Seed Capital, with participation from Vækstfonden, among others.
Founded in 2017 by Daniel Birkholm, Talenthub’s mission is to make life better for the job applicant. The team behind the company has also helped global brands such as Volvo, Red Bull, and JYSK to have a more candidate-focused approach to the recruitment and onboarding experience.
Since its founding five years ago, Talenthub.io’s adaptable platform has enabled enterprises to receive candidate feedback across the talent acquisition funnel. The insight companies acquire translates into recommendations to improve the overall recruitment experience based on the candidates’ preferences. As a result, it leads to the recruitment of the most suitable employees—whilst guarding its future in strengthening its brand and employer reputation.
Talenthub.io has experienced more than 300% growth in the past year, with more than 1.5 million job-seeking graduates journeying through its platform.
Daniel Birkholm, Founder & CEO of Talenthub.io, says: “We are facing a future where recruitment will to a greater extent be on the candidates’ terms. Therefore, companies need to have a more candidate-focused approach to
recruitment, where the recruitment process is designed based on the candidates’ preferences.”
“The timing right now is absolutely perfect for us. We see an increasing demand in both Europe and the USA, where companies want a more data-driven approach to recruitment and focus on the experience along the way. The investment enables us to accelerate our international growth and thus make life better for job seekers worldwide.”
Consequently, with the growing curiosity around the future of work and HR technology, Talenthub.io began to draw interest from venture funds in Europe and the United States.
This resulted in Talenthub.io’s decision to partner with the successful Danish venture fund, Seed Capital. As lead investor, Seed Capital’s experience supporting the international scaling of tech companies such as Trustpilot, Vivino, and Templafy offers Talenthub.io a template to follow.
Seed Capital’s General Partner, Peter Egehoved, says about the investment: “Talenthub.io has identified a niche in the recruitment market that benefits job applicants and companies alike. They have already achieved international success, which must now be built on. With their clear mission, they were an attractive investment case for us, and we are delighted with the role of lead investor.”