Bridgepoint Leads €200 Million Funding Round in French HR Tech Firm Skello
Bridgepoint has led a €200 million fundraising round in French AI-powered HR management software company Skello, becoming the startup's lead minority shareholder. Skello plans to use the funds to expand across Europe, consolidate its leadership in France, and hire new staff, including in AI. The investment is made through Bridgepoint Development Capital V, a lower-middle-market fund.
Key points
- Bridgepoint, a private equity firm, has led a €200 million funding round in Skello, a French AI-powered HR management software company.
- The investment will be made through Bridgepoint Development Capital V, a lower-middle-market fund.
- Skello's founders, management team, and some existing investors are reinvesting as part of the deal.
- The company plans to use the funds to expand across Europe, consolidate its leadership in France, and hire new staff, including in AI.
- Skello previously raised a €40 million Series B funding round in 2021 led by Partech.
Bridgepoint Leads €200 Million Funding Round in French HR Tech Firm Skello
Bridgepoint, a private equity firm, has led a €200 million funding round in Skello, a French AI-powered HR management software company. The investment will be made through Bridgepoint Development Capital V, a lower-middle-market fund.
Skello's founders, management team, and some existing investors are reinvesting as part of the deal. The company plans to use the funds to expand across Europe, consolidate its leadership in France, and hire new staff, including in AI.
This investment marks a significant milestone for Skello, which has already shown promise in the HR tech space. The company previously raised a €40 million Series B funding round in 2021 led by Partech.
The future of HR management is increasingly dependent on AI-powered solutions, and Skello is well-positioned to capitalize on this trend. With Bridgepoint's investment, the company is poised for further growth and expansion in the European market.
Sources
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