Dealflow | May 14, 2019

Germany’s HeyJobs raises $12 million to address talent amid demographic changes

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, May 14 – Much of Europe’s population is aging, and with it, skilled workers are aging out of employment. This year’s PwC CEO survey found that more than 70% of companies in Germany, the Netherlands and the U.K. are worried about being able to find enough skilled talent.

Berlin-based HeyJobs is an automated human resources recruitment platform that helps employers find suitable job candidates quickly and efficiently. It has raised a $12 million Series A funding round backed by Notion Capital, Creathor Ventures, GFC and Heartcore Capital.

HeyJobs’ platform is designed for companies and organizations that are often trying to fill numerous jobs at once, like mass transit agencies or healthcare providers. The company has 500 clients, including UPS, PayPal, and Vodafone, and has facilitated more than 25,000 job appointments since launching in 2016.

Other startups, like Shortlist in Kenya and India, are also using artificial intelligence to improve talent recruitment.