jobpal, a Berlin, Germany-based next-generation talent interaction platform, raised €2.5m in funding.
Backers included Roberto Bonanzinga’s InReach Ventures and Jason Corsello’s Acadian Ventures.
The company intends to use the funds to further product development and to triple its headcount over the next 12 months.
Led by Luc Dudler, co-founder and CEO, jobpal leverages AI-powered chatbots to improve the candidate experience and make the hiring process more efficient. With the company’s Natural Language Processing (NLP) technology system, employers can engage with potential candidates when they want and on the platforms they use, such as SMS, WhatsApp or via recruitment pages. This gives control to the candidates, allowing them to get answers in seconds, rather than days or weeks.
Already integrated with Human Capital Management suites including SAP SuccessFactors, Workday, Oracle (formerly Taleo), Avature and Smartrecruiters, jobpal has been already deployed by a number of global companies including Deutsche Telekom, T-Systems, McDonald’s and Airbus.
InReach Ventures is an AI-powered venture capital firm investing in early-stage European start-ups. Commenting on the investment, Bonanzinga, said: “Using our proprietary software (DIG), we look to discover and evaluate the most promising European start-ups. jobpal ticks all the boxes we look for when it comes to a great business idea coupled with the company’s ability to execute on the product. In a world where winning the fight over talent is key to any company’s success, we believe that jobpal’s team is uniquely positioned to transform the way in which large corporates engage with new talent using AI-powered chatbots.”