VONQ, a European smart recruitment technology leader, has sold a majority stake to capital D, the private equity fund investing in disruptive mid-market companies across Europe.
VONQ’s market opportunity is large, with approaching 3 million job vacancies to open in its core markets in June this year. With the ever-increasing talent shortage on a global scale, VONQ’s recruitment marketing technology enables companies to bypass the expensive, slower recruitment agency model and market to potential recruits with pinpoint accuracy.
VONQ’s commercial objective is to apply its technology to enable corporate recruiters to attract the right talent themselves without administrative burden. By integrating with more than 2,000 job boards, VONQ’s recruitment marketing platform addresses the major challenges of the traditional recruitment agency model – cost and speed to hire – whilst ensuring the quality of candidates. VONQ’s technology is powered by a media recommendation algorithm, that leverages performance data insights and elaborate analytics to create channel recommendations and measure performance. Equipped with this analysis, the VONQ platform empowers recruiters to post advertisements automatically and programmatically. VONQ also assists clients in improving their employer brand profile with carefully targeted awareness campaigns across digital platforms.
VONQ serves approaching 1,000 corporate clients, including more than 250 large enterprises, many of them household names, with whom VONQ has longstanding relationships, such as Lidl and BMW Group among others.
Wouter Goedhart, Co-founder and CEO of VONQ, said: “We are delighted to have secured this significant investment from capital D. The team has real insights into the fast-changing recruitment sector and proactively approached us more than a year ago. We see this as a great opportunity to continue to empower hiring teams to attract the right applicants. In capital D, we’ve found a partner that can further accelerate our growth and help us increase the reach of our recruitment marketing technology on a global scale. We look forward to working with them to build our position in our existing markets and further extend our reach globally.”
Jean-Marc Jabre, Co-founder of capital D, said: “Our focus is on business models that transform industries. VONQ and its leadership team have created an outstanding platform at HR Tech. We see in VONQ the opportunity to become a platform that redefines and resets recruiting for enterprise clients and we look forward to partnering with the team.”