French startup Le Hibou has secured €6m ($6.7m) from venture capital firm Ring Capital to fund its expansion into Switzerland and Belgium. The online platform connects qualified IT professionals with the needs of larger companies, which then contract the chosen consultants through the platform. The service simplifies the administrative processes involved in hiring an IT consultant and speeds up the recruitment process. Christophe de Becdelievre founded Le Hibou in 2016 in Boulogne-Billancourt, France.
Le Hibou's platform serves as a one-stop-shop for companies seeking IT consultants, streamlining the hiring process and reducing the administrative burden for both the company and the consultant. The company's expansion into Switzerland and Belgium will enable it to tap into new markets and broaden its reach beyond the French market. This funding round will be instrumental in helping Le Hibou grow and expand into these new geographies.
Venture capital firm Ring Capital has been active in the French startup scene since its founding in 2017. It specializes in investing in early-stage startups with a focus on software and technology companies. Ring Capital has previously invested in a number of successful startups, including the crypto exchange Coinhouse and the e-signature platform Yousign.
The investment by Ring Capital is a vote of confidence in Le Hibou's business model and growth potential. The €6m funding will enable Le Hibou to accelerate its expansion plans and solidify its position as a leading platform for connecting IT professionals with larger companies. As the demand for IT consultants continues to grow, Le Hibou's platform is well-positioned to capitalize on this trend and continue to expand its reach into new markets.