Talentsoft, a Paris, France-based provider of cloud talent management solutions, completed a €25m funding round.
Goldman Sachs’ Merchant Banking Division was the only investor in the round. It joined Seventure Partners, Bpifrance (via its Ambition Numérique fund), Alto Invest, and Highland Capital Partners Europe.
The company intends to use the funds to expand its presence, including the United States and Singapore, and offer 24-7 local customer support across Europe, North America and Asia, to strengthen its product innovation team, which currently employs more than 100 developers, drive global adoption of its social sourcing application Hello Talent, roll out new applications for employees to take charge of their career and training opportunities, and strengthen its unique human resources Analytics solution.
Talentsoft plans to recruit 120 new employees in 2016 and to increase their employee base to more than 500 employees by the end of 2018.
Co-founded in 2007 by Alexandre Pachulski, Jean-Stéphane Arcis and Joël Bentolila, Talentsoft provides cloud-based talent management and human resources software. With more than 5 million users in 100 countries, the company’s software application suite provides an end-to-end Talent Management solution, ranging from recruiting to learning, and from compensation to performance management.
Talentsoft serves 800 both mid-market and large-enterprise customers and has deployed its solution in global companies with over 200,000 employees.
In 2015, the company has €29m planned revenue.