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TechWolf raises $42.75M in a Series B funding round led by Felix Capital for AI-driven talent management solutions.

Jun 25, 2024about 1 year ago

Amount Raised

$42.8 Million

Round Type

series b

GentSoftware

Investors

Workday VenturesService Now VenturesSapSemper VirensNotion CapitalFortino Capital PartnersAcadian Ventures20 VcFelix Capital

Description

TechWolf, a Belgian AI company, has closed a $42.75 million Series B funding round to build the AI Infrastructure layer for employee skills. The funding will be used to accelerate TechWolf's expansion, especially in the U.S. and enterprise sector.

Company Information

Company

TechWolf

Location

Gent, East Flanders, Belgium

About

TechWolf’s Skills Intelligence Platform provides enterprises a fast track to adopting a skills-based talent model. By using our AI technology, organisations get an instant overview of skills and skill gaps across their workforce. Skills-Based Organisations (SBO) need reliable information about people’s evolving competencies. Manually collecting and maintaining skill data is a struggle for most HR departments, and the results tend to be fragmented and quickly outdated. With TechWolf, companies obtain an automatic and up-to-date overview of their people’s skills in under eight weeks.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech