Neobrain, a Paris-based HRtech startup secured €20 million in Series A for its SaaS solution that is enabling HR skills management and workforce planning. This funding marks a record for the HRtech sector in France.
The round was led by Alter Equity, Crédit Mutuel Innovation, and XAnge (operating on behalf of La PosteVentures), with Neobrain’s existing investor Breega also participating.
The new fund will be used to develop its innovative tech. The aim is to create tools and systems that will help teams develop skills of internal talent, strengthen company resilience, and provide greater oversight over the workforce.
This latest funding will allow Neobrain, currently present in France and Portugal, to accelerate its international expansion.
Round: Series A
Funding Month: March 2022
Lead Investors: Alter Equity, Crédit Mutuel Innovation, and XAnge
Additional Investors: Breega
Company Website: https://en.neobrain.io/
Software Category: Skills Management and Workforce Planning Platform
About the Company: Founded in 2018 by Paul Courtaud, Neobrain offers strong capabilities to turn skills into collective performance. Neobrain is a best-in-class talent marketplace used by global enterprises to anticipate and facilitate human capital challenges. The platform enables companies to anticipate changes in job roles and enhance the skills and motivation of employees. In just four years, already more than 80 major accounts and 300k employees have adopted Neobrain. Neobrain is offering a unique and pertinent solution and is backed by AI tech and a focus on user experience. As a result, the company is enjoying accelerated growth, with a turnover that has tripled every year since 2019. Further, the team has grown at an impressive pace – from 15 to 80. Neobrain is bringing companies software that can truly benefit HR teams, in turn improving the employee experience and company outcomes.