Retorio, a Munich, Germany-based AI startup, raised €9 million in a Series A funding.
SaaS Investors
The round was led by SquareOne, with participation from Porsche Ventures and Storm Ventures, among others. Existing investors, such as Basinghall Partners (London/Luxembourg), Passion Capital (London), and Sofia Angels Ventures (Sofia) as well as the family offices of several DAX board members and entrepreneurs, also participated in this round.
SquareOne is a venture capital firm focused on pre-seed and seed investments in B2B technology. Founded in 2010 and is based in Berlin, Germany.
Retorio Use of Funds
The company will use the funds to expand its platform and prepare for expansion into the USA.
About Retorio
Retorio provides a behavioral intelligence platform that helps recruiters identify talent through personality assessments. It detects the communication behavior and personality traits of candidates and team members and matches them with open positions and career opportunities in the organizations. Retorio AI coach can be integrated into employees' workflows, offering personalized and up-to-date training for sales and service teams. The company customer list includes American, British, and Asian enterprises from various industries, such as automotive, insurance, telecommunications, or logistics groups. The company was founded in 2018 and is based in Munich, Germany. Retorio's
Funding Details
Company: retorio GmbH
Raised: €9.0M
Round: Series A
Funding Month: November 2023
Lead Investors: SquareOne
Additional Investors: Porsche Ventures, Storm Ventures Basinghall Partners, Passion Capital, Sofia Angels Ventures
Company Website: https://www.retorio.com/
Software Category: Behavioral Intelligence Platform
Source: https://www.retorio.com/news/retorio-secures-9-million-euros-series-a