TechWolf, a Ghent, Belgium-based startup that built an AI engine that ingests data from internal workflows to better understand employees, secured $42.75 million in Series B funding.
Investors
The round was led by London-based Felix Capital, with participation from SAP, ServiceNow, Workday, Acadian Ventures, Fortino Capital Partners, Notion Capital, SemperVirens, and contributions from unnamed leaders in AI such as DeepMind and Meta.
Flex Capital is a venture capital firm that invests in digital lifestyle and consumer brands, supporting entrepreneurs with visionary ideas to build impactful, standout brands. Since 2015, they managed over $1.2bn, backing approximately 50 companies across Europe and the US. Flex Capital fund early to growth stages, providing investments from $500k to $15m.
TechWolf Use of Funds
The company will use the funding to expand its business.
About TechWolf
Founded in 2018 by Andreas De Neve, Jeroen Van Hautte, and Mikaël Wornoo, TechWolf provides skill infrastructure powered by AI and APIs to enhance existing HR platforms with high-quality skill data. By integrating with the systems where employees perform their work, TechWolf ensures accurate and up-to-date skill information. The company focuses on analyzing data from internal workflows to optimize employee skills, project assignments, and training opportunities.
Funding Details
Company: TechWolf BV
Raised: $42.75M
Round: Series B
Funding Month: June 2024
Lead Investors: Felix Capital
Additional Investors: SAP, ServiceNow, Workday, Acadian Ventures, Fortino Capital Partners, Notion Capital, SemperVirens
Company Website: https://techwolf.com/
Software Category: Skill Insfracture Solution
Source: https://techcrunch.com/2024/06/24/techwolf-raises-43m-to-take-an-ai-sized-bite-out-of-the-internal-recruiting-game/