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Tech Roundup – Capital D acquires recruitment marketing start-up Vonq, Welcome to the Jungle raises $22.3 million

29 October 2019

Capital D, a London-based private equity firm, has acquired a majority stake in Dutch recruitment marketing start-up Vonq. Capital D acquired 54% of Vonq. Financial details were not disclosed however, according to Private Equity News,  Capital D seeks to invests between €20 million to €60 million alongside founders and managers in mid-sized European companies.

Vonq’s founders and the buyout group will also commit additional follow-on capital, according to a statement from capital D. Vonq’s recruitment marketing technology aims to ‘enable companies to bypass the expensive, slower recruitment agency model and market to potential recruits with pinpoint accuracy.’ The start-up serves approximately 1,000 corporate clients, including more than 250 large enterprises.

“By integrating with more than 2,000 job boards, VONQ’s recruitment marketing platform addresses the major challenges of the traditional recruitment agency model - cost and speed to hire - whilst ensuring quality of candidates,” Vonq states.

French recruitment and media tech start-up Welcome to the Jungle announced that it has raised funding of $22.3 million. The start-up describes itself as both a media company and a tech startup that wants to empower tech companies when it comes to recruitment. According to TechCrunch, the funding round was led by Gaia Capital Partners alongside existing investors Bpifance, XAnge and Jean-Paul Guisset. With this latest funding round, the company wants to expand to more countries and develop new products.

Welcome to the Jungle is currently available in France, Spain and Czech Republic. The company plans on opening offices in Germany and the UK. Welcome to the Jungle works with photographers and a video crew to create high-quality profiles of other companies that are actively recruiting. This way, potential candidates can browse those profiles, learn more about companies and make up their mind. The start-up has also recently launched Welcome Kit, an applicant tracking system to manage job offers and take care of job applications.