MrTed Ltd, provider of global recruitment software solutions, announced today that it has signed ?4 million in an internal funding round from lead investor Holland Venture together with BV Capital and existing investors. This new investment brings to 29 million the total funding received by MrTed since its inception late 1999.
Frederic Trinel, CFO and co-founder, MrTed Ltd, commented, we are delighted with the results of this new round, which demonstrates a strong vote of confidence in the future of our business. This capital injection will allow us to consolidate our position as The European Leader and continue to drive the company towards break-even which we anticipate will happen before the end of the year with our existing customer base.
Less than 2 years after the first release of its flagship application, MrTed TalentLinkTM, the company operates multilingual ’resourcing’ platforms for over 50 customers representing 3,000 corporate recruiters across 40 countries in The Americas, Europe and Asia Pacific regions. MrTed TalentLink delivers enhanced external recruitment and internal mobility processes in addition to improved outplacement transactions.
Rolf Deves, Managing Director, Holland Venture commented in the current economic situation, cost effective management of the company’s Talent base and Candidate Supply Chain is increasingly important whether the need is to acquire, deploy or dispose of the company’s human resource.
Wolfgang Rose, General Partner, BV Capital added We were impressed by MrTed’’s ability to acquire and successfully deploy customers and see the company as being ideally positioned to take the lion’s share of this rapidly expanding market for e recruitment software solutions
Global businesses are looking for a single application which they can deploy anywhere in the world but with all the flexibility required to meet local recruitment constraints and internal mobility practices. This is exactly what MrTed TalentLink delivers. said Jerome Ternynck, CEO of MrTed Ltd,
The MrTed Talentlink TM solution already operates in 11 languages allowing large businesses to streamline and manage their internal and external recruitment processes for both permanent and temporary staff. This interactive end-to-end solution handles the entire process from headcount planning, to hiring, using both traditional and web based recruitment methods.
About MrTed
MrTed Ltd is Europe’s leading recruitment technology company which designs and sells interactive Candidate Supply Chain Management applications to businesses and major corporations around the world. MrTed Ltd was founded by executive search professionals in November 1999 to encourage recruiters to maximise the opportunities offered by web communications for the mutual benefit of candidates, employees and employers.
MrTed’s flagship product, TalentLink, was launched in late 2000. The MrTed TalentLink TM solution operates in 11 languages allowing large businesses to streamline and manage their internal and external recruitment processes for both permanent and temporary staff. This end-to-end solution handles the entire process from headcount planning to hiring using both traditional and web based recruitment methods.
Less than 2 years after the first release of its flagship application, MrTed TalentLinkTM, the company operates global recruitment platforms for over 50 customers representing 3,000 corporate recruiters across 40 countries in The Americas, Europe and Asia Pacific regions.
About Holland Venture
Holland Venture is an internationally-oriented, independent venture capitalist, which for twenty years has been investing in high-opportunity businesses. It is one of the first and hence more experienced venture capitalists in the Netherlands. Holland Venture was established in 1981, and since 1999 has focused with its Holland Venture III fund entirely on young and emerging ICT companies primarily in Europe and Israel.
About BV Capital
BV Capital started its international investment activities with more than 200 MM Euro at the end of year 2000 with offices in California and Europe. BV Capital is Bertelsmann Ventures successor fund. Besides strategic investors and partners such as Bertelsmann and AOL Time Warner, its Limited Partners include Stanford University, Mayfield Fund and several high-profile institutional and corporate investors from both sides of the Atlantic. BV Capital invests in innovative promising media, telecommunication, Internet, and IT start-up enterprises in the United States and Europe.
MrTed announces 4m follow-on funding round
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