Madrid-based recruiting platform Tyba acquired by Graduateland

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Tyba, the Madrid-based platform for startup and technology company recruitment today announced that it has been acquired by Graduateland, a leading career network for students and graduates headquartered in Copenhagen. The financial terms of the acquisition were not disclosed.

Founded in 2011, Tyba had become one of the preferred destinations for startups and tech companies, both large and small, to post job vacancies. Organisations could showcase their culture and environment to candidates through high quality imagery and video content created by the Tyba team. This allowed Tyba’s clients to enhance job postings and give candidates insights on what was really behind the startup job opportunity. In total, Tyba raised about $4.7 million in venture capital.

“Expanding within our existing market of students and graduates, as well as coupling the attractive segment of startup companies made Tyba the obvious acquisition target”, says Patrick Lund, CEO & Co-founder at Graduateland. “The potential to service our users grows exponentially by integrating what Tyba has created over the last four years.”

Adding Tyba to the Graduateland Network resonates with Graduateland’s strategy of facilitating international job searching and recruitment. Additionally, being based in Southern Europe the majority of Tyba’s audience are Spanish and French. They were two important growth markets for Graduateland.

Tyba’s founders will now work exclusively on the Tyba spin-off, source{d}, which was born just over one year ago. After realising how difficult it was for their clients to find and connect with developers, source{d} was developed as a technology based solution to address those issues and improve the overall hiring process for tech talent.

Based on analysing open source code contributions, source{d} uses deep learning algorithms to identify the best developers, out of a pool of more than 5.5 million, for tech company hiring needs. “One in every seven developers we send to our clients gets hired”, explains Co-Founder and COO Jorge Schnura. “This allows our clients to save time, increase growth and scale through finding the perfect developer in a fraction of the normal time it takes to hire”.

Schnura added, “The Danish company Graduateland has been the ideal party to take over the Tyba business and grow it to the next level. They have built an international network of university career portals across Europe, targeting the highly mobile segment of students and graduates. This maintains the core vision from Tyba’s founders and investors; improving recruitment for talented and international job seekers.”

Tyba users and companies will join the Graduateland’s universe of 500,000 users and 20,000 employers. They will continue to experience the best conditions for matching candidates and companies along with new opportunities that comes from this ideal combination of what Tyba and Graduateland can offer as one combined platform.