INTELLI Weekend Edition

September 10, 2022

Good morning,

Here is your INTELLI Week-in-Review!

UPCOMING EVENTS:

Future of FinTech (September 30 at 11 AM)

Breaking into AI Product Management

INTELLI September Spotlight: Recruitment-Tech / Cross Border Hiring

Investor's Appetite for Hiring-Tech

Ever since Covid-19 started, investors have been holding off from investing in the hiring sector as a whole, and that includes cross-border hiring. In fact, capital invested in job recruitment platforms fell 300% in 2020 vs 2019 (that's a $655 million difference) according to the 2020 State of European Tech.

That said, things might be starting to change. On January 21st of 2021, remote hiring enabler Omnipresent​ raised a $15 million Series A round, led by an undisclosed investor, with participation from Episode 1, Playfair Capital, and Truesight Ventures. Previously, they had raised a $2 million seed round (in July of 2020).

Here's a list of other investors focusing on the cross-border hiring space:

Funds

• ​General Catalyst (invested in Remote)

• ​Sequoia (invested in Remote)

• ​Index Ventures (invested in Remote)

• ​Two Sigma Ventures (invested in Remote)

• ​Playfair Capital (invested in Omnipresent)

• ​Episode 1 Ventures (invested in Omnipresent)

• ​TrueSight Ventures (invested in Omnipresent)

• ​Spark Capital (invested in Deel)

• ​Andreessen Horowitz (invested in Deel)

• ​La Famiglia VC (invested in Deel)

• ​Downing Ventures (invested in Hackajob)

• ​AXA Venture Partners (invested in Hackajob)

• ​Kennet Partners (invested in Codility)

• ​Oxx.vc (invested in Codility)

• ​Portugal Ventures (invested in Landing.Jobs)

• ​LC Ventures (invested in Landing.Jobs)

• ​One Way Ventures (invested in Jobbatical)

• ​Union Square Ventures (invested in Jobbatical)

• ​AirTree Ventures (invested in Jobbatical)

INTELLI Weekend Edition: European Fundings Roundup

🌱 Austrian startup Shopstory scores €2.2 million to empower ecommerce brands with better marketing tools​

✈️ Barcelona-based traveltech company Exoticca takes off with €20 million​

💳 Belgium’s Credix secures €11.1M for new decentralised credit marketplace to connect investors with fintechs​

🌱 German-based alcemy picks up €10M to help decarbonize cement and concrete industry​

🧡 Jobbatical raises €11.6M as worker migration goes paperless​

🌱 Klim harvests $6.6M seed to get more farmers growing greener​

🏦 London-based regtech SteelEye nabs $21M​

🥫 Waysia raises €10M to deliver Asian grocery in Europe​

🎮 Varjo, an early mover in building XR headsets and software for enterprises, taps $40M​

☕Barcelona-based GoodNews brews in €11 million to develop kiosks and subscription services for coffee lovers ​

👩‍⚕️ Building patient retention platform for clinical trials, Stitch scores £2.5 million​

🖥️ Tony Fadell’s fund backs Paris-based Edda with $5.8 million to offer alternative to Excel for PE investors​

🛃 Velaris takes off with €4.7 million to roll out AI-driven customer success platform ​

🧡 Berlin-based Latana picks up €36 million for brand tracking and consumer insights platform​

🏋️‍♂️ Irish fitness software start-up LegitFit raises €1m to expand in the UK

INTELLI M&A Transactions of the Week

Financial Services: Communibanc sells to Civista Bank for $50.2M

Business Products and Services: John Evans' Sons sells to Lesjofors

Information Technology: Cyren sells Secure Email Gateway Business to Content Services Group for EUR 10M

Financial Services: Tempo Bank sells to Scott Credit Union for $14.2M

Information Technology: Thirdware Solutions sells to Tech Mahindra for $42M

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