Total amount raised
CHF2.2 Millions
Latest funding date
11/1/2023
Location
FOUND has successfully raised CHF2,200,000 in a Seed funding round from arc investors. The platform specializes in connecting tech companies with pre-assessed talent in sales, product, and design.
Keep reading to explore the intricacies of FOUND's fundraising journey and the investors backing this innovative platform.
What Is FOUND?
Founded in October 2022, FOUND is a Zürich-based platform that connects tech companies with pre-assessed talent in sales, product, and design. The company was established by Georg Hirschi and Ranjit de Sousa.
With a team of 11-50 employees, FOUND leverages deep sales domain expertise and proprietary data intelligence to streamline the hiring process. Their approach ensures a high success rate in matching companies with the right candidates.
FOUND's mission is to end the endless resume search by providing high-performing sales teams that can generate revenue and exceed targets from day one.
How Much Funding Has FOUND Raised?
- Funding Round: Seed
- Amount Raised: CHF 2,200,000
- Date: November 2023
- Lead Investors: arc investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations in Switzerland and enter new markets.
Total amount raised: CHF 2,200,000. Current valuation: Not publicly disclosed.
Key Investors
- arc investors
- Details: arc investors is a prominent investment firm known for backing innovative tech startups. They have a strong focus on companies that leverage technology to solve complex problems.
- Investment Focus Areas: Work tech, AI-driven solutions, data science.
- Notable Investments: FOUND.
- Undisclosed Strategic Partners
- Details: These partners have chosen to remain anonymous but are known to be strategic players in the tech industry. Their involvement suggests a strong belief in FOUND's potential.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for FOUND?
FOUND is poised to capitalize on the growing demand for tech-driven recruitment solutions. With CHF 2.2 million in fresh capital, the company plans to scale its operations in Switzerland and expand into new markets. This expansion is bolstered by their impressive traction, having already attracted over 700 top talents and 70 fast-growing startups and scaleups.
As FOUND continues to grow, future fundraising rounds seem likely to support their ambitious plans. However, the company will need to navigate the deeply entrenched traditional recruitment models and the competitive landscape of tech-driven hiring platforms. Strategic planning and resource allocation will be crucial as they aim to reshape the hiring process with AI and data science.
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