Paris-based HRTech startup Welcome to the Jungle has raised $54 million (€50 million) in a Series C funding round to boost employer branding and fuel global growth.
The company secured the new funds from existing backers Revaia, XAnge, and Bpifrance, and new investors blisce, Cipio Partners, Groupe ADP, Kostogri, and RAISE Sherpas.
Founded in 2015, Welcome to the Jungle is on a mission to rethink work culture, recruitment, and employee-employer alignment and has established itself as a key player in employer branding and recruitment. It provides clients, both companies and recruiters, a shop window to showcase their brand to job candidates and also tools for making the hiring experience quick and easy. The platform also provides a space for job seekers to find the right fit for them.
Welcome to the Jungle’s concept is to popularize the employer branding concept with solutions that increase the attractiveness of companies for job seekers, and provide them with an exciting and seamless hiring experience.
Jérémy Clédat, Co-founder & CEO of Welcome to the Jungle, said,
We’re thrilled about achieving this fundraising and earning the trust of both our legacy and new investors. This third funding round is a triumphant way to end 2022, a year when we launched a new sales offer and our latest features….. It’s quite an achievement given the current economic climate. Now more than ever, we have what it takes to keep revolutionizing the staffing sector and start a new chapter in Welcome to the Jungle’s history.
The HRTech startup plans to use the new funds to step up its global expansion and develop more employer branding solutions. It also plans to enhance its offering with new features, localize its solutions for different markets, especially the US, and bring in more team members.
Alexandre Mars, Founder & CEO of blisce, said,
This investment in Welcome to the Jungle is perfectly in line with our investment strategy. We are proud to support Welcome to the Jungle by bringing our expertise in international markets to help them expand, particularly in the United States, and by supporting them in their strong ESG policies.
Welcome to the Jungle says it currently works with over 5,000 customers, with about 3 million unique monthly visitors accessing the platform, and generates €30 million in annual recurring revenue.
