Workfully, a recruitment startup based in Barcelona, Spain, that enables innovation-led companies to hire and upskill individuals worldwide has raised $1.27 million (€1.2 million) in a seed round. Indico led the funding round with participation from Pitchdrive, Secways and others. With this round of funding, the firm plans to continue product development and fuel its expansion goals, ultimately empowering more recruiters worldwide to work for themselves with true flexibility while better serving the job market.
Workfully was founded in 2021 with the aim of creating the most trusted recruitment experience in the world and becoming the creator platform for a new recruiting economy. The platform connects experienced talent partners from around the world. Users can hire more efficiently and transparently through shared data sets, market analysis and in-country expertise. The company has served companies in industries such as Biotech, Crypto, DeepTech, eCommerce, Fintech, MarketPlaces, SaaS, and TravelTech.
Speaking about the platform, Co-founder & CEO of Workfully, Valerio Rossi, said:
We believe that building a recruiting business in the future will look much more like being a content creator: starting on a platform like Workfully, building an audience and then monetizing that audience in-platform.
The current year has been challenging for startups. As corporations slash costs and focus on operational efficiency, there have been several tech layoffs and reduced hiring budgets. In this context, Workfully’s organic growth and successful fundraising round demonstrate that companies have a strong desire to de-risk their recruitment processes, employ globally, and transition from analogue agencies to modern digital solutions.
Stefano Tacconi, Co-founder & CCO of Workfully, added:
The company aims to not only empower recruiters to place senior candidates into enterprise companies but, in some cases, to give high potential candidates with no technical skills the training needed to access higher-paying positions.
Stephan Morais, Managing General Partner of Indico Capital, commented:
The talent war is here to stay, and so are valuable specialised human recruiters who need the tools and software to support increasingly demanding global clients. Workfully brings a fresh perspective into solving a problem that is only getting bigger and harder. We are happy to support yet another Iberian startup with global ambitions from day one.
Workfully grew organically during 2022, signing significant deals with enterprises and VC-backed unicorns such as FreeNow, TravelPerk, Blackberry, Lamborghini and Accenture, among others, allowing them to scale their recruitment operations globally. The organizations have used the platform to recruit hundreds of key senior positions, including about 100 candidates from underrepresented groups who were upskilled to join well-known tech institutions. With this investment, Workfully will also allow the startup to move even further, helping many more companies get the talent needed to thrive in their business.