AG5, an Amsterdam, Netherlands-based SaaS platform used to map and track employees' skills and qualifications, raised €6 million in a funding round from Headline, Acadian Ventures, and Peak.
The new funds will be used to expand the platform's international reach, starting with Germany, Europe's manufacturing powerhouse.
AG5’s SaaS solution offers the first interface organizations can use to map and track employees' skills that are directly linked to production lines. It delivers scalable capacity planning and insights for audits and training programs to industries that still rely on Excel or pen and paper.
Its plug-and-play software solution simplifies skills management with intuitive, appealing, and sharable skill matrices.
AG5's platform targets factories with 200 to 40,000+ employees, is available in 14 languages, and offers technical integrations with HRM and e-learning platforms, planning systems, and training management systems, including SAP (as a certified partner), Moodle, and Cornerstone.
Company: AG5 B.V.
Raised: €6.0M
Round: Unknown
Funding Month: March 2023
Lead Investors: Headline, Acadian Ventures, and Peak
Additional Investors:
Company Website: https://www.ag5.com/
Software Category: Skills Management Software
About the Company: Founded in 2019 by brothers Rick and Mathieu van Echtelt, and Wouter Gazendam, AG5 is a cloud-based plug-in-play skills management platform that allows HR, Operations, and Team Managers to centralize and organize all information relating to employee skills. The platform enables organizations to identify, visualize, and close skills gaps—without the use of complicated and inconvenient spreadsheets. The company currently has 31 employees and a list of early clients, including Toyota Boshoku, KLM Air France, Tata Steel, and Douwe Egberts coffee and beverages.
Source: https://www.prnewswire.com/news-releases/ag5-raises-6-million-from-headline-peak-to-save-the-manufacturing-industry-from-excel-301771388.html