Neobrain, a French startup offering a SaaS solution for HR skills management, has raised 20 million euros in Series A funding from Alter Equity, Crédit Mutuel Innovation, XAnge via La Poste Ventures, and its historical investor, Breega.
Founded in 2018 by Paul Courtaud, Neobrain helps companies identify their current and future needs while assisting them in adapting their HR strategy to the market. The company aims to enable businesses to better understand their workforce capabilities and improve their talent management.
The funds raised from this latest round will be used to focus on analyzing competencies and associated motivations internally. Neobrain plans to dedicate 40% of the funding to R&D to develop its technology further.
Neobrain has proven itself as a leading startup in the HR tech industry, with its solution being deployed by several major companies. The company's innovative approach aims to help businesses navigate the ever-changing job market by providing data-driven insights and solutions.
Alter Equity, one of the investors in this latest funding round, is a French private equity firm that invests in innovative and sustainable companies. Crédit Mutuel Innovation, the venture capital arm of Crédit Mutuel, invests in French startups that are developing innovative products and services. XAnge is a venture capital firm that invests in startups across several European countries, while La Poste Ventures is a venture capital fund that invests in startups to support innovation in the postal and logistics sector.
The latest funding round will provide Neobrain with the necessary resources to continue innovating and developing its technology to meet the needs of its growing customer base.