AG5 Raises €6M in Funding

AG5

AG5, an Amsterdam, The Netherlands-based provider of a SaaS platform used to map and track employees’ skills and qualifications, raised €6M in funding.

The round was led by Headline, Acadian Ventures, and Peak.

The company intends to use the funds to further internationalize the platform, starting in Germany.

Founded in 2019 by brothers Rick and Mathieu van Echtelt, and Wouter Gazendam, AG5 provides a SaaS solution that offers an interface organizations can use to map and track employees’ skills that is directly linked to production lines. It delivers scalable capacity planning and insights for audits and training programs to industries that still use Excel, or pen and paper. Its plug-and-play software solution simplifies skills management with sharable skill matrices.

International organizations such as Jacobs Douwe Egberts, Air France-KLM, Tata Steel, and Toyota Boshoku are using AG5 to map and track their employees’ skills. The platform targets factories with 200 to 40,000+ employees, is available in 14 languages, and offers technical integrations with HRM and e-learning platforms, planning systems, and training management systems, including SAP (as a certified partner), Moodle and Cornerstone.

With offices in Amsterdam and Berlin, the company has a workforce of 31 employees.

FinSMEs

14/03/2023