Berlin-based Empion, a provider of HR management software solutions, announced on Wednesday, October 25,, that it has raised €6M in a seed round of funding led by Cavalry Ventures with participation from existing investors Redstone VC and VR Ventures.
The announcement comes a year after raising €2.4M in a pre-seed financing round from Redstone VC, Basinghall Partners and well-known angels from the HR tech industry.
Empion: Transforming recruitment through AI
Founded by Dr. Annika von Mutius and Dr. Larissa Leitner in 2021, Empion is an automated headhunting solution for professionals that uses AI technology and cultural matching to match talent and companies based on skills and cultural fit.
The AI-based robo advisor quantifies relevant parameters to match talent with suitable companies.
According to the company, it leads to a higher success rate and loyalty of employees to the company. The application process is accelerated and time is saved.
Currently, the company works with various clients, including Personio, Volksbanken or Mazars.
The Investor
Based out of Berlin, Cavalry Ventures is a European early-stage venture capital fund focusing on pre-seed and seed stages with €260+M in assets under management.
In addition to the expertise of the partners, the portfolio companies gain access to a cross-sector, global and exclusive network of more than 200 angel investors, entrepreneurs, scientists, business experts, and many more.
They provide advisory and operational support in areas such as strategy, organisational development, product development, sales, international expansion, recruiting and marketing.
The portfolio comprises over 50 companies such as Forto, McMakler, REKKI, BRYTER, and PlanRadar.
Read the orginal article: https://siliconcanals.com/news/startups/germanys-empion-raises-6m/
