Techloop.io, a Nové Město, Czech Republic-based provider of a platform that matches IT professionals with companies, raised €5m in Series A venture capital funding.
The round was led by Springtide Ventures / KKCG Group, with participation from Rockaway Capital.
The company intends to use the funds to further expand into more European countries, besides Slovakia and Hungary where they launched earlier this year, as well as to make product improvements.
Led by CEO Joao Duarte and COO Paul Cooper, Techloop.io offers a solution for software developers who are considering a change of employment coming directly into contact with firms. Within this environment, they receive job offers directly from companies seeking employees while maintaining their anonymity. If they find work thanks to the system, developers receive an additional €500 as a bonus.
Techloop.io offers firms access to a large number of qualified candidates without the necessity of engaging the services of an expensive personnel agency.
During 2017, the company has experienced growth and currently boasts more than 25,000 IT professionals in the system, receiving job offers from more than 900 potential employers across the Czech Republic, Slovakia, and Hungary.
The company aims to grow from the current 28 employees to around 150 people within the next two years.