etventure startup CampusScout receives six-figure growth funding sum
01. September 2016
Great news for CampusScout – the etventure startup has received a six-figure growth funding sum as part of the EU-financed funding program ‘Gründung innovativ.’ With the new funding, the company will further develop its own technology and will expand its staff team. Furthermore, the startup is also expanding its target group to include the corporate sector.
CampusScout is a digital recruitment and placement platform for students, apprentices and young professionals. Unlike standard recruiting platforms, the startup uses an initial digital questionnaire about the candidate’s interests and knowledge. This makes it possible for candidates to be selected and targeted far more specifically. The recruitment process is more efficient and there is a better fit between prospective students and the university, and between apprentices or young professionals and the employer.
The Potsdam-based startup also convinced Brandenburg’s federal investment bank (ILB) with this innovative approach. The ‘Gründung innovativ’ funding program, which is managed by the ILB and financed from EU resources, is supporting CampusScout over a period of 18 months.
Further development of the technology, staff team growth and new target groups
CampusScout will use the newly accepted capital to further develop the software while at the same time growing its staff team, primarily in the area of marketing and account management. Furthermore, it is to increase its activity in the corporate sector. To date, CampusScout’s offer has focused primarily on mediating between prospective students and universities as well as between apprentices and companies. The focus has now enlarged to include graduates and young professionals. There is continuous growth in demand from companies in this area, too, as the competition for young talent increases.
“Our long-term goal is to establish CampusScout as the most important platform for those searching for university places and jobs,” explains Founder and Managing Director, Holger Jelich. “We want to become the Booking.com of the labor market.” Click to read the complete press release about the growth finance.