Techloop Receives 5 million EUR Investment from Springtide Ventures and Rockaway Ventures

It's official: We have received Series A investment in a round led by Springtide Ventures / KKCG Group, with the participation of Rockaway Capital, totaling 5 million euros (around 130 million Czech Crowns). 

We're celebrating in the office and are excited about working hard on the Techloop platform in the coming months. We are planning further expansion into more European countries, besides Slovakia and Hungary where we launched this year, as well as additional product improvements. 

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During 2017, Techloop has experienced significant growth and currently boasts more than 25,000 IT professionals on the system, receiving job offers from more than 900 potential employers across the Czech Republic, Slovakia, and Hungary. 

Since we launched the platform in 2016, hundreds of you, that is, IT professionals, have found a new job through Techloop.  

 

 

"We want to continue improving the experience of finding a job or recruiting professionals in the IT sector. We are also planning expansion to several other European countries. Our vision is to provide greater choice for the thousands of IT professionals who look for a new career opportunity," said Techloop CEO and Co-founder Joao Duarte. 

Joao also believes Techloop's collaboration with these two strong and experienced investors is a major reason to celebrate, "We’re delighted to have forged a partnership with Springtide Ventures and Rockaway Ventures. Their know-how and investments will be of key importance in the expansion of the Techloop platform."

 

And what do our investors have to say?

"Surveys show that the shortage of IT specialists in Europe alone will amount to 900,000 workers between now and the year 2020. Already now, four out of 10 European companies that hire IT specialists face difficulties. For us, investing into an innovative enterprise that offers an effective solution to this problem is a logical step in this area," explained Marek Jablonský, CEO of Springtide Ventures, a company that is a member of the KKCG Investment Group. 

Viktor Fischer from Rockaway Ventures added the following:

"We invested seed round in Techloop nearly 11 months ago. Since then, we've been impressed by work done by the firm's three founders, especially their ability to get things done and deliver results. We will continue to support Techloop in its international expansion with additional financing, strategic guidance, and human resources."

Thanks to this financial injection. we are also planning to grow from 28 employees to around 150 people within the next two years. So if you're interested in working for a fast-moving startup, why not drop us a line.

And of course, it will be all hands on deck to ensure we make Techloop better and better.