€ 10 million for the future of recruiting

10 million euros for the future of recruiting: job platform Instaffo secures fresh capital with a "talent-first" approach

  • Instaffo is revolutionizing the recruiting market in the sought-after tech and sales sector with a talent-focused platform. 
  • Innovative matching and AI technologies triple the success rate in filling vacancies thanks to fast and accurate applications.
  • With 10 million euros from Crosslantic Capital, Instaffo is strengthening its role as an innovation leader in the recruitment market. The investment will go towards the further development of the platform, growth in existing sectors and establishing new sectors.

HEIDELBERG, 19 March 2024 - Companies in Germany are facing a paradoxical phenomenon: on the one hand, they are having to cut budgets and jobs in light of the current economic turmoil. On the other hand, according to the German Chamber of Industry and Commerce, almost two thirds of companies are struggling to find qualified talent - especially in the tech and sales sectors. To remain competitive despite this dilemma, companies are forced to rethink their recruiting strategies and look for efficient and innovative solutions. 

This is exactly where Instaffo comes in: The Heidelberg-based scale-up is revolutionizing the recruitment industry with a job platform that radically simplifies the application process for skilled workers. Just as AirBnB has permanently changed the way we travel by offering an effortless booking experience, Instaffo is setting new standards with a positive recruiting experience for talented people: thanks to AI-supported match-making and transparent job profiles, they can discover jobs that perfectly match their requirements. The ability to make direct contact also makes it easier for them to engage and connect with companies without the usual application effort.

This talent-first approach also offers companies an invaluable advantage: Over 1,800 companies are filling their open positions in the tech and sales sectors with Instaffo in record time, taking less than 25 days - at significantly lower costs compared to headhunters, social recruiting, or internal active sourcing. This makes Instaffo three times more effective than traditional job portals or other recruiting methods. 

Investment from Crosslantic Capitals promotes innovation leadership 

Despite the reluctance of many companies to invest last year, Instaffo has been able to grow strongly compared to its competitors. The private equity fund Crosslantic Capital from Düsseldorf has recognized this ground-breaking potential and is supporting the company with an investment of 10 million euros. "Instaffo marks a decisive turning point for the recruiting market," explains Philipp Meixner, Partner at Crosslantic Capital. "We firmly believe in Instaffo's innovative power and ability to permanently change the entire recruiting industry and expand its leading role to new segments." 

CEO and co-founder Christoph Zöller is also banking on this opportunity: "I am extremely proud of how our team has excelled in this market phase and significantly driven Instaffo's growth," he says. "With the help of the funding, we are now a good deal closer to realizing our vision of becoming the central point of contact for recruiting specialists and managers in Europe." The cash injection will be channeled directly into the further development of the platform, the expansion of the existing tech and sales job areas and the development of new segments such as marketing, consulting, and finance in order to consolidate and expand Instaffo's position as a pioneer in the recruitment market.

A head start through innovation: the game changer for talent acquisition 

Instaffo also sets itself apart from the competition with the high quality of its matches. Automated "matchmaking" efficiently brings talents and companies together based on criteria such as salary expectations, location, skills, language skills and industry experience. Transparent, clear profiles make it easier for both sides to immediately recognize whether their ideas match, which simplifies the search for suitable positions and significantly increases talent activity. As a result, companies receive numerous suitable applications within 48 hours. They can also invite talents to chat with just one click. Job seekers can speak directly with the person responsible for the job and immediately compare their expectations. As a result, it is clear before the first interview whether there is a suitable fit - this saves both sides a significant amount of time and effort. 

With this innovative approach, Instaffo has already won over 1,800 well-known customers such as RTL, GLS, OTTO, Hornbach and E.ON, but also growing start-ups and scale-ups such as deeploi and sevDesk are hiring via the job platform. Instaffo has further established itself as one of the top-rated recruiting platforms on the Internet with an average of 4.8 stars on Google, TrustPilot and OMR Reviews. Its success is also reflected in its annual turnover, which rose sharply by over 65% last year.

About Instaffo

Since its launch in 2017, Instaffo, based in Heidelberg and with a dedicated team of over 80 employees, has established itself as one of the leading recruiting platforms in the tech and sales sectors. Founded by Christoph Zöller (CEO) and Nikolai Gulatz (CTO), Instaffo's mission is to build a bridge between talents and companies so that people can reach their full potential - quickly, transparently, and purposefully. The vision: to become the leading job platform for knowledge workers throughout Europe within the next ten years.

About Crossatlantic Capital

Crosslantic Capital is a Private Equity Investor specializing in supporting technology companies with an annual turnover of at least EUR 10 million. With investments of up to EUR 50 million, Crosslantic aims to significantly increase the value of its portfolio companies, particularly in the Software and B2B services sectors. This strategy enables Crosslantic to financially support innovative companies on their path to market leadership and growth.

Press contact:  

Mika Leicht media@instaffo.com

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