HR tech start-up Cobrainer makes statement for future of working world with EUR 100 million valuation
Skills are the new gold standard of the working world. An assertion reflected in the HR tech start-up Cobrainer’s recent EUR 11 million financing round and EUR 100 million valuation. The company plans to advance its cross-industry, AI-based skill platform, along with talent and career management, across Europe. The Series A led by existing investors Linden Capital, Vogel Ventures, Michael Brehm and Wayra, as well as Gregor Bieler, former General Manager at Microsoft Germany provides Cobrainer a significant injection to its current speed and trajectory. During the financing round, Bayern Kapital played a primary role in accelerating financing as a key advisor, providing insight of and endorsement for the Cobrainer team.
To reinforce the success of its 2021 expansion, Cobrainer has bolstered its management team with new and noteworthy additions.
“We are investing in key functional enhancements to our skill platform, while expanding our sales, marketing and customer success activities across Europe – to strengthen our existing markets and engage new ones,” explains Hanns-Bertin Aderhold, CEO of Cobrainer. “The working world is fundamentally changing and people’s individual skills are key components in this transformation. Our solution promotes transparency and employee autonomy, allowing them and their employers to benefit equally.”
Ratcheting up the level of expertise and personnel power, Cobrainer has already increased its workforce by 150 percent over the past 12 months and intends to more than double it again in 2022. Significant additions this year – CSO Saša Savić, previously of FreeNow and CMO Julian Baumann, formerly of Celonis – further reinforce the management team’s bona fides, while Gregor Bieler, erstwhile General Manager at Microsoft Germany has agreed to lead the company’s supervisory board.
Cobrainer’s platform features the world’s largest skill database, offering employees individual skill profiles, prospective career paths, and relevant training courses within seconds. With hundreds of thousands of daily skills transactions for prolific clients – like Telefónica, Porsche, Deloitte, PwC, Boehringer Ingelheim and Henkel – Cobrainer reveals which employees are best suited for open positions, saving companies time, effort and an average of EUR 20,000 million per filled position with a fourfold internal hiring boost. Simultaneously, employees increase their productivity and job satisfaction as they discover career paths and opportunities for growth, consequently increasing employee satisfaction and retention.