Andjaro has secured €13.4 million in Series B funding led by Idinvest Partners to enhance its technological capabilities and expand its market presence in the HR Tech sector across Europe.

Information on the target

Andjaro, co-founded in 2015 by Quentin Guilluy and Ivan de Pontevès, is a pivotal player in the HR Tech sector, dedicated to simplifying and enhancing the search for temporary staff by prioritizing internal resources. The company offers a platform that connects managers seeking personnel with available and willing employees within the organization. Following a successful fundraising round of €5 million in 2018, Andjaro has now secured €13.4 million in Series B funding, aimed at bolstering its commercial development strategy and expanding its technological offerings across Europe.

This latest funding round, initiated prior to the current global health crisis, was led by Idinvest Partners through the MH'Innov fund, with participation from Sofiouest, We Positive Invest, Arkéa's societal innovation fund, as well as funds managed by Alliance Entreprendre and SWEN Capital Partners. The capital raised will enable Andjaro to address new sectors and enhance its technology and services, thereby solidifying its position in the market.

Industry overview in the target’s specific country

The HR Tech industry in France is experiencing significant transformation, driven by the need for innovative solutions that address the evolving demands of the workforce. As the economy faces unprecedented challenges, the importance of sec