Amsterdam-based Settly, an HR platform for employee relocation, announced on Thursday that it has raised its first €6M funding after bootstrapping since its inception in 2019.
The capital comes from 2050, the French evergreen impact fund, and Mediahuis Ventures, the Belgian venture capital fund of international publisher Mediahuis.
Settly: Digital relocation platform
With 75 per cent of companies struggling to find local talent due to skill shortages, the search for foreign employees is intensifying.
HR platform Settly supports international employees during their transition to a new country and relieves the employer of the burden.
Founded by Marieke van Iperen and Kimo Paula, Settly is a digital relocation platform that supports organisations in attracting and retaining international talent.
“Settly wants to change companies’ views on international talent, recruiting, culture and community. We do this by not only offering support in immigration, tax and soft landing, but also by focusing on how people feel in their new country through a multi-local approach. We help them connect with the local community and by offering a broad range of events, recommendations, and tailored information and support based on their personal situation,” says Marieke van Iperen, CEO & co-founder of Settly.
The Amsterdam-based platform offers end-to-end solutions for relocating employees to another country.
Settly operates in the Netherlands, Germany, the UK, Spain, Portugal, the Czech Republic, and Australia.
The company employs 55 people from 33 nationalities in its workforce, which for the most part consists of women at all levels within the organisation, and LGTBQIA+ is well represented.
“The employee experience is the most critical thing for us, period. Diversity, equality, and inclusion are in our DNA, starting with our own team of 55 who we’re proud to say is majority female across all levels with the LGTBQIA+ community well represented, and consists of 33 nationalities,” says Marieke.
As per the company’s claims, it grew 350 per cent on its own last year while maintaining a client satisfaction score of 9.2/10.
The investor
Based in Paris, 2050 is a new breed of investment fund that combines performance and company alignment.
The company focuses on those who are building a fertile future, a world aligned with economic, social, and ecological challenges.
To raise €100M – €150M annually, 2050 aims to invest over €1B by 2030, catalysing positive change for a better future.
“It is our mission to change the way the VC model works and help grow businesses that have a meaningful impact on people, society, and the planet. Settly’s 3 per cent churn rate and a Client Satisfaction score of 9.2 show a strong need for a personalised approach. This is in a market worth $58B among large multinationals alone. The startup’s core values align seamlessly with our investment policy,” says Marie Ekeland, Founder of 2050.
Read the orginal article: https://siliconcanals.com/news/startups/amsterdam-based-settly-raises-6m/
