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Reading: AI-Powered HR Solution Sloneek Raises $3.98M in New Funding
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Home > News > AI-Powered HR Solution Sloneek Raises $3.98M in New Funding
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AI-Powered HR Solution Sloneek Raises $3.98M in New Funding

Shalini Pathak Published Sep 11, 2024
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AI-Powered HR Solution Sloneek Raises $398M in New Funding
AI-Powered HR Solution Sloneek Raises $3.98M in New Funding
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Sloneek, a Czech-Slovak startup that provides an innovative all-in-one HR solution, has recently raised $3.98 million (€3.6 million) in its largest funding round led by Purple Ventures II, alongside Venture to Future Fund and Vision Ventures, an existing investor. It enables managers and HR professionals in both small and large companies to see their teams through data, foster talent development, and manage employee efficiency and motivation.

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Founded in 2019 by Milan Rataj and Filip Lukac, Sloneek provides an AI-powered HR solution that streamlines processes from recruitment to offboarding. Serving companies across Czechia, Slovakia, Europe, and the U.S., the firm helps manage teams, develop talent, and boost efficiency. The platform’s strategic tools enable leadership to track performance, identify underutilized employees, and address inefficiency. Automating daily tasks allows HR managers to focus on employee development, productivity, and satisfaction, enhancing their impact rather than replacing them with AI.

Speaking on the fundraising, Filip Lukac, Co-founder & CEO of Sloneek, said:

The investment comes at the perfect time. Companies are getting ready for a new era – over half of the productive workforce now consists of Millennials and Gen Z. This presents opportunities for more efficient work but risks if companies fail to adapt and manage this change. People are, without exaggeration, the alpha and omega of any economy’s success, and we can elevate how we work with them to a whole new level. Our investors are well aware of our potential.

The financing will enable Sloneek to advance its technological growth. Next year, the company plans to introduce an expanded platform for extensive human potential analysis through so-called “people analytics,” improved reporting capabilities for HR managers, CEOs, and CFOs, and numerous advanced integrations. This, in turn, should allow the organization to triple its present revenue, an ambitious target.

Jan Davídek, Partner at Purple Ventures, added:

Sloneek allows HR professionals to focus on developing people and leave administrative tasks to technology, thanks to its AI tools. Behind the project is a well-aligned team of experienced professionals with a clear vision, which we fully support.

In 2022, Sloneek raised €1 million from Presto Ventures and Vision Ventures, and in 2020, it received €350,000 from Vision Ventures. The new funding comes as Sloneek is experiencing more than triple annual growth, expects revenues in the high single-digit millions of euros this year, and has doubled its client base, with most new clients now acquired outside the Czech Republic. The startup aims to use this investment to enhance its technology and strengthen its position in Western Europe, with Italy being the first stop.

TAGGED: Employee, Employee Development, Funding, HRTech, Human Resources, Online Recruitment, Talent Development
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By Shalini Pathak
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Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
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