FOUND, a tech startup that is revolutionising the recruitment industry, have announced the successful closure of its funding round.
With support from arc investors, along with participation from several other strategic partners, FOUND has raised 2.2 million CHF in capital. Founded in October 2022, FOUND leverages AI-matching technology and data-driven insights to flip the hiring process on its head. Instead of talent applying to companies, employers access the FOUND community of pre-assessed top talent, get matched to those that perfectly fit their criteria and then video pitch to those they are most interested in. It provides a faster, efficient, and unbiased, alternative for employers to find quality talent and for talent to access opportunities.
With more than 700 top talent and 70 fast-growing startups/scaleups such as Calingo, Loanboox, Properti and Starmind signed up to the platform, FOUND has quickly established a strong presence in the Swiss market. Following this successful launch, the business has set its sights on expansion. The now completed first capital raise will help scale operations in Switzerland and support plans to launch in other highly attractive markets.
Ranjit De Sousa, co-founder of FOUND and seasoned leader of global talent businesses commented: "We are thrilled to have secured this round of funding, which underscores the confidence that investors have in our vision and our team. Our mission is to disrupt the traditional recruitment model which has not kept pace with the changing world of work and revolutionise the way companies find talent. This investment will enable us to further scale our operations rapidly."
Partner at arc investors, Nikolaus Delius, added: “Workforce trends over the past years, combined with recent market and tech accelerators, are driving substantial growth in the adoption of work tech. Positioned to spearhead a transformation in recruitment, FOUND is altering and redefining the manner in which employers and talent come together. FOUND's early achievements in Switzerland support our thesis of an increasing need for such innovative, tech-driven solutions to tackle talent-related challenges.”