Barcelona-based Hosco lands €3.4 million to tackle hospitality talent shortage

Hosco_founders

Hosco has just secured €3.4 million for its unique SaaS-enabled marketplace in a funding round led by Aldea Ventures and Torsa Capital, with existing investors Nauta Capital, Athos Capital and Business Angels joining.

Based in Barcelona with offices in Geneva, Hosco was founded by Olivier Bracard and Carl Julien to make hiring top talent in hospitality more efficient. Since launching in 2011, the startup has supported about 1.3 million professionals and students in their careers with jobs, career inspiration and guidance as well as learning opportunities. 

Recruitment is a sector coming up against talent challenges across sectors, and within hospitality, there’s been a notable shortage across the globe. Hosco is connecting hospitality professionals with first-class companies and giving the industry a growing and global talent pool. 

Olivier Bracard, Hosco’s Co-Founder and CEO explained: “Hospitality is all about people and there’s never been a more challenging time for employers to source talent. While the industry has so much to offer, from international careers to rapid career progression, there are many critical gaps to fill around industry perception, benefits, talent matching, guidance, mentoring and training. The industry must do better at shaping exciting careers and that’s what Hosco is committed to.”

Hosco also now partners with over 400 specialist education centres in hospitality to better prepare, orient and place their students and alumni at over 10,000 registered employers across the globe. The new funding will be used to consolidate this reach that Hosco’s solution has, as well as further product development and expansion. 

Alfonso Bassols, Managing Partner at Aldea Ventures, commented: “We are impressed by the company’s vision, track record and resilience throughout the turbulent times of the pandemic. Hosco has become the go-to-place for many in hospitality and we feel they’re just getting started. We’re excited to contribute to the journey.”