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HRtech startup Skello raises €40 million in Series B round to take over Europe
Sept. 16, 2021
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The financing round was led by Partech and saw the participation of previous investors XAnge and Aglaé Ventures.
French start up Skello has raised €40m in a Series B funding round for its workforce management tool that helps managers and businesses of all types and sizes to aim for better team organization, automate and optimize HR processes such as complex schedules and shifts, payroll or remote work.
The pandemic-accelerated digitalization in the HR sector has contributed to Skello’s rapid growth, as companies seek to suppress time-consuming tasks, so managers can fully focus on their teams and business growth.
During the last 1.5 years, Skello has grown its customer base exponentially in France, welcoming clients from all sectors. The startup is currently looking for Country Managers as it is ready to open new offices in Spain and Germany. In five years, its workforce has increased to the current strength of 150. Skello expects to double its headcount by the end of 2022.
“We are thrilled to start our European journey with Partech and the continued support of our previous investors. Our role as a trusted HR partner is to help companies navigate through difficult and time-consuming HR processes, especially in times like these.” says Quitterie Mathelin-Moreaux, co-founder and CEO of the company. “We are achieving this by relentlessly working on our platform to provide the most personalized and tailored features to our clients, so they can focus on everything else that actually adds value to their business.”
“In just a few years, Skello has developed the best solution for the creation of employee schedules, praised by clients for its easy-to-use interface, and sharp automation ability. With this new funding raise, we are delighted to support the Skello team in the deployment of their solution on a European level, into a market whose players currently lack this type of equipment, and for whom the recent Covid crisis has been a real wake up call as to the benefits of digitizing and automating HR processes”, adds Omri Benayoun, General Partner at Partech.
Skello is the HR platform offering personalized and tailored features to each of its clients in order to reduce time-consuming HR tasks such as planning shifts and payroll. Skello also pushes notifications to managers to inform them of new legal or contractual information, or of any HR conflict.
Founded in 2016 by Quitterie Mathelin-Moreau, Emmanuelle Fauchier-Magnan and Samy Amar, the in-house created platform has since grown to gain the trust of more than 7,000 clients in hospitality, retail and health.
Skello can count on 150 dedicated team members, and plan to double the headcount by the end of 2022. Its sales revenue for 2021 reaches €10 million. https://www.skello.io/
Born in San Francisco and Paris, Partech is one of the most active VCs in the world, bringing together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages. The current portfolio includes 200 companies in more than 30 countries, of which 10 are valued at more than $1B.
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