Online recruitment event platform Talentspace announced on LinkedIn that they have raised $4M to extend the platform. The round was funded by 468 Capital, with participation from Axel Springer Plug and Play und Avala Capital.
Talentspace originally organized in-person recruitment event. “Because of the Coronavirus, this business model broke down completely and we had to cancel all planned events” said CEO Marco Eylert. With co-founders Jason Reich and Markus Dücker they searched for a digital replacement, but that wasn’t avaialable. “So back in March we started to further develop our platform, to bring the interactive character of our events online”. The change has paid off “Now 100% of our revenue relates to software licenses.”