Talentsoft Completes $50 Million Funding Round to Accelerate Growth

Talentsoft Completes $50 Million Funding Round to Accelerate Growth

PR Newswire

PARIS, January 9, 2019

PARIS, January 9, 2019 /PRNewswire/ --

Future unicorn confirms its position as the European leader in HR Tech

Talentsoft, the European leader in learning and human capital management software, today announced that it has closed a funding round of $50 million. Francisco Partners leads the new investment, alongside existing investors Bpifrance and Goldman Sachs who are strengthening their capital. 

     (Logo: https://mma.prnewswire.com/media/806276/Talentsoft_logo.jpg )

As part of today's announcement, Talentsoft CEO Jean-Stéphane Arcis also shared insight into the company's ambition in the European HR Tech market with a strategic focus on three key priorities:  

$50 Million to Strengthen Position as the European Leader in HR Tech  

The total funding round announced by Talentsoft is $50 million and ranks among the ten largest funding rounds in Europe in 2018 for enterprise software. The entire investment will be used to accelerate the company's continued growth through innovation and international market expansion, reinforcing the company's position as the European leader in HR Tech.

Talentsoft's strategic direction is now based on three pillars:

"This funding round marks a new phase in the history of Talentsoft, and we are proud to be backed by leading venture capital firms. Our existing partners, Bpifrance and Goldman Sachs, and new investor Francisco Partners, have shown strong confidence in what we are doing. We aim to go even further by becoming the first HR Tech platform in Europe with our new iPaaS program, which will make Talentsoft the number one destination for market innovations in HR," explains Jean-Stéphane Arcis, CEO of Talentsoft.         

The rise of a digital champion in Europe 

Talentsoft is a European success story: the company was co-founded in 2007 by three entrepreneurs (Jean-Stéphane Arcis, Alexandre Pachulski et Joël Bentolila) and has rapidly grown since -
+33% in 2018. Today, the company employs 600 employees with customers in more than 130 countries in 27 languages. Revenues will reach $100M in a near future, a first for an Enterprise SaaS company in Europe.

Talentsoft is focused on optimizing the employee experience while taking into account the cultural, linguistic and regulatory specificities of HR management in Europe. As a result, Talentsoft represents a strong alternative for organizations for whom managing employee data is strategic.

Among Talentsoft's 2000 clients are large organizations, including EDF, Vinci, Lacoste, MaxMara, Toyota Europe, ST Microelectronics, Deutsche Bahn, Dorchester Collection hotels and National Bank of Belgium. These benchmark players trust Talentsoft to roll out its solution globally to support their HR transformation. Talentsoft's solution is based on five pillars: recruitment, performance and talent reviews, compensation, learning and core HR.

In 2018, Talentsoft received numerous recognitions: 

Key Talentsoft figures 

About Talentsoft  

Talentsoft is the European leader in cloud-based talent management and learning software. The company serves 2,000 clients and 9 million users across the world, and in 27 languages. Its digital platform fosters interactions and transforms employees' work experience. Talentsoft offers a unique combination of core HR and ready-to-use HR analytics dashboards, and fully leverages the synergies between competency management, career paths, and learning opportunities. The application covers core HR and the entire talent management cycle: recruiting, onboarding, performance, talent review, competencies development, learning and compensation.


About Francisco Partners 

Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch over 18 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.

For more information on Francisco Partners, please visit www.franciscopartners.com

About Bpifrance 

Bpifrance is the French national investment bank: it finances businesses - at every stage of their development - through loans, guarantees, equity investments and export insurances. Bpifrance also provides extrafinancial services (training, consultancy.) to help entrepreneurs meet their challenges (innovation, export…).

For more information, please visit: www.bpifrance.fr and presse.bpifrance.fr

Follow us on Twitter: @Bpifrance - @BpifrancePresse

About Goldman Sachs Merchant Banking Division 

The Goldman Sachs Merchant Banking Division is the primary center for Goldman Sachs' long term principal investing activity, and Goldman Sachs has operated this business as an integral part of the firm for more than 25 years. The group invests in equity and credit across corporate strategies and has raised capital to invest across a number of geographies and industries since 1986. With nine offices in seven countries around the world, the Goldman Sachs Merchant Banking Division is one of the largest managers of private capital globally, offering deep expertise and long-standing relationships with companies, investors, entrepreneurs and financial intermediaries around the globe. Further information on Goldman Sachs can be found on the website: www.goldmansachs.com

Voltar noticias em Inglês