French start-up, each One, has raised €5m ($5.9m) in a series A funding round led by Ring Capital and Inco Ventures alongside business angels including Thierry Petit (Showroomprivé) and Pierre Dubuc (Openclassrooms). Since its creation in 2015, each One has helped over 2,000 people find employment in France. The company now provides large groups from the retail, logistics, banking and insurance sectors with a tool that can identify their needs in terms of skills and qualifications.
Each One aims to support 10,000 people per year by 2025 and 100,000 by 2030, and plans to expand into another European country to achieve this. The company's success in the French market is attributed to its personalized approach to job matching, facilitating connections between candidates and employers.
Ring Capital specializes in backing tech companies, while Inco Ventures invests in start-ups focused on sustainability and social impact. Each One's funding round marks a successful start to the year for the two French investors, as Ring Capital recently raised €140m ($166m) for its Ring Fund III, while Inco Ventures closed its first fund at €125m ($148m).
The French start-up has also received support from Business Angels, including Thierry Petit, founder of Showroomprivé, an online fashion retailer, and Pierre Dubuc, founder of Openclassrooms, an online education provider. Both Petit and Dubuc have been successful entrepreneurs in their respective fields, with Showroomprivé's revenue reaching €672m ($796m) in 2021 and Openclassrooms partnering with companies such as Microsoft and Google to provide online education.
The funds raised will enable each One to expand its operations and accelerate its growth, with the ultimate goal of reducing unemployment in Europe by connecting job seekers with the right employers.