HR tech company expertlead raises €9.5 million (test)

The HR tech company expertlead raises an investment of 9.5 million euros in a financing round to help companies find, evaluate and hire the right IT experts. The round is led by Acton Capital Partners, with existing investors SEEK and Rocket Internet also re-investing in the Berlin-based company. Kreos Capital joins the round as a new investor.

Technology takes the helm in recruiting

This round underlines the increasing importance of technology in the HR and recruiting market. In expertlead's case, AI-based algorithms are used in the entire IT recruiting process - from sourcing and matchmaking to qualification and hiring. What's special about the Berlin-based company is that, in addition to using artificial intelligence, it relies on the expertise of its own IT community to check the qualifications of IT specialists. This is done through peer-to-peer screenings via video interviews, technical Q&As and live coding tests.