Clustree raises €7M in Series A to bring artificial intelligence into human resources

News

Alven Capital which led Clustree’s first round 18 months ago is thrilled to announce that Clustree is raising a €7M Series A with Creandum and Idinvest Partner.

Alven Capital which led Clustree’s first round 18 months ago is thrilled to announce that Clustree is raising a €7M Series A with Creandum and Idinvest Partner.

Clustree offers artificial intelligence to to make internal and external HR data blind to stereotypes and human bias. The mission is to build a technology solution that delivers fact-based and proactive decision making for career development and recruitment.

With very limited sales and marketing resources, the company has been able to secure multi-year contracts with massive international enterprises. The solution is now used across 30 different countries by industry leaders such as Orange, Crédit Agricole, SNCF, Carrefour and L’Oréal, helping them to dramatically reduce external recruitment costs and increase employee retention.

In 2016, Clustree experienced 230% revenue growth and 100% client retention, and was named a Cool Vendor by Gartner which recognized that “Clustree is unique in that its usage of natural-language processing (NLP), machine learning and predictive analytics goes beyond talent acquisition to also support other talent mobility and HR topics.”

The €7m Series A funding will allow the company to develop its sales, marketing, engineering and product teams, consolidate its market position in France and prepare for international expansion.


Share

JobTeaser acquires Nordic competitor Graduateland

The French scale-up strengthens its position of European leader in the guidance and recruitment of young talent

Read

Gorgias’ valuation rises to $710M with $30M Series C

Gorgias, developing customer service tools for e-commerce companies, raised $30 million in new Series C capital in a round that boosted its valuation to $710 million.

Read

Qonto and Penta join forces to strengthen European leadership in digital business finance

Qonto, the leading European business finance solution, announced today its intent to acquire German fintech champion Penta.

Read