Meritocracy, a Milan, Italy-based provider of a platform that optimizes the recruiting process, raised €500k in seed funding.
Venture capital firm United Ventures made the investment.
The company intends to use the funds to continue to develop the technology, as well as to expand domestically and abroad.
Co-founded in 2013 by Riccardo Galli and Alberto Manassero, who met at Bocconi University, Meritocracy provides a SaaS-based platform that allows employers to select and recruit the best talent. The company’s proprietary technology allows companies to select candidates based on their needs and preferences, automating and decreasing the cost the recruiting process. In particular, the platform enables HR teams to assess the set of experiences of job seekers and to increase the value of their skills, interests and aspirations matching the company’s needs.
Meritocracy also offers an employer branding platform which aims to improve the user experience in search stage, attracting the best candidates.
Clients include Tesla, Moleskine, Tetrapak, Samsung, GroupM, MoneyFarm and Dalani.