On a mission to rethink work culture, recruitment and employee-employer alignment, Welcome to the Jungle has just raised €50 million as it plans global growth. The Paris-born company has established itself as a key player in employer branding and recruitment and is growing fast.
The way we work is fundamentally changing. Now, employees are demanding and expecting more flexibility and are looking for work cultures that will respect their individual work-life balance. Workers are now choosing jobs not only for salaries and location but also for their connection to the company and how that company can support them to live and work happily. Within these fundamental changes in attitude, the recruitment space has become somewhat of a jungle – which features fights for talent and struggles to retain skilled teams.
Welcome to the Jungle describes itself as a job market expert. It’s on a mission to better connect employers with the right team members through better branding and work cultures. The Paris-born company has just scored new funding and is planning to extend its international reach.
Funding details
- €50 million raised in a Series C funding round
- Existing investors Revaia, XAnge and Bpifrance got involved
- New investors blisce, Cipio Partners, Groupe ADP, Kostogri and RAISE Sherpas also joined the round
- The company has now raised €79 million from Cipio Partners, blisce, Revaia, XAnge, BPI, SGPA, Financière Saint James, MAIF Avenir and Kima Ventures
Jérémy Clédat, CEO and co-founder of Welcome to the Jungle: “We’re thrilled about achieving this fundraising and earning the trust of both our legacy and new investors. This third funding round is a triumphant way to end 2022, a year when we launched a new sales offer and our latest features, reached nearly 3 million unique monthly visitors, brought in over 100 new hires, and reached a milestone of 5,000 customers and €30 million in ARR. It’s quite an achievement given the current economic climate. Now more than ever, we have what it takes to keep revolutionizing the staffing sector and start a new chapter in Welcome to the Jungle’s history.”
Since 2015, Welcome to the Jungle has been helping both employers and employees navigate the modern world’s recruitment jungle by giving companies solutions to grow their employer brand, work culture, and, resultingly boost attractiveness. At the same time, it provides a space for workers to find the right fit for them. It’s creating an impact for people and encouraging more worker-friendly practices.
Alexandre Mars, Founder and CEO of blisce: “This investment in Welcome to the Jungle is perfectly in line with our investment strategy. We are proud to support Welcome to the Jungle by bringing our expertise in international markets to help them expand, particularly in the United States, and by supporting them in their strong ESG policies.”
The platform gives businesses a shop window to showcase their employer brand to job candidates, plus tools for making the hiring experience quick and easy. The concept is to popularize g the employer branding concept with solutions that increase the attractiveness of companies for job-seekers, and provide them an exciting and seamless hiring experience – and it’s been growing in traction at a fast pace.
The HRtech company now counts over 5000 customers worldwide with about 3 million unique monthly visitors accessing the platform.
Roland Dennert, Managing Partner of Cipio Partners: “We are pleased to begin this partnership with Welcome to the Jungle. Its proven business model has stood the test of time and is continually reinventing itself. We strongly believe in the service’s global growth potential and are delighted to be backing their mission and helping make it a reality.”
With this new funding, the team plan to step up its global expansion as well as develop even more employer branding solutions. It’ll enhance its offering with new features, localize its solutions for different markets (especially the US) and bring in more team members.
Elina Berrebi, Founding Partner of Revaia: “In just a few years, Welcome to the Jungle has revolutionized the talent acquisition experience by adopting a unique positioning, which has proven the sustainability of its model through significant growth in a complex market. We are delighted to support the company in this new stage of its development, particularly internationally”.
