Luxembourg-based tech talent recruitment platform nexten.io has announced that it raised €600,000 in a new round of funding.
Nexten.io has entered the next stage of its growth through seed investment from Expon Capital, a global investment firm that supports the development of startups that use digital technologies to make a meaningful impact. Through their Digital Tech Fund, which is dedicated to technology startups in Luxembourg, they have invested €400,000 into nexten.io, which was matched by an additional €200,000 from its original investors.
Eric Busch, CEO and Founder of nexten.io, commented: “The key aim of nexten.io is to tackle the talent gap in the tech industry, which is currently facing the challenge of more than 1,200 unfilled positions in Luxembourg, and over 750,000 across Europe. Our platform simplifies and accelerates the recruitment process for companies hiring tech experts, putting them into direct contact with pre-screened candidates from across Europe who are open to new opportunities".
Alain Rodermann, Founding Partner at Expon Capital, added: “We are looking at a huge market need when it comes to recruiting developers and IT experts. Though there are thousands of companies in this space, nexten.io differentiates itself with its “tech hires tech” peer-to-peer approach".
Eric Busch continued: “Over the last year we have put together a highly-skilled and driven team, who I am confident will take nexten.io to the next level of success. In the coming months, we will launch a completely redesigned platform that will provide more powerful job matching based on machine learning and a more user-friendly experience. This investment round will support our next stage of growth, allowing us to further establish our position as leaders in the local market, before expanding internationally to France, Belgium and Germany”.