We Got Funded by Rockaway Ventures! CEE Expansion Ahead
Naturally, we're eager to put the investment to good use right away and plan to expand across Central and Eastern Europe. Next up - Slovakia.
If you want to know all the details about the investment and our plans for the near future, check out our press release below. You can also have a look at some of the current media coverage e.g. on CzechCrunch or StartItUp (the articles are Czech only, though).
Techloop Press Release
Techloop.io secures seed investment from Rockaway Ventures to expand their IT hiring marketplace across CEE
Techloop, the leading IT hiring marketplace in the Czech Republic, has raised a seed investment from international investment firm Rockaway Ventures.
Rockaway Ventures are known for their focus on the consumer internet and e-commerce sectors. Techloop will join a burgeoning portfolio of start-up investments, including Brand Embassy, Fundlift, and Productboard.
Techloop has been live since the start of 2016. Thousands of developers and hundreds of companies are already using the marketplace and it is experiencing monthly growth rates of 50%.
Techloop plan to use the investment for further product refinement and to support their expansion plans across the CEE region; launching in Slovakia in January and Poland and Hungary shortly after.
CEO and Co-founder Joao Duarte had the following to say:
“We are really excited to receive this investment from Rockaway Ventures. For us it’s a perfect match as Rockaway have an unrivaled reputation for building online marketplaces in the CEE region. They are also a major employer of IT talent and give back to the IT community with events such as ROCDevs. There are lots of synergies with Techloop”.
COO and Co-founder Paul Cooper, added:
“We have ambitious plans. We want to establish Techloop as the dominant IT hiring marketplace in the CEE region and we are already looking at other regions which would benefit from the Techloop hiring model. The investment and expertise from Rockaway will really help us push forward quickly”
Techloop.io is a recruitment marketplace where software developers and other IT professionals can receive job offers directly from hiring companies whilst staying completely anonymous. Developers also receive a 500 EUR bonus if they are hired through the system. For companies, Techloop offers direct access to a large pool of qualified candidates without the need to use expensive recruitment agencies.
The investment coincides with the launch of a major upgrade of the Techloop platform.
"We have introduced several new features and product enhancements to Techloop, including a simpler registration process, an upgraded search function, and numerous performance improvements. All this will ensure both the hiring companies and the developers who use Techloop will enjoy a much-improved experience" states Joao Duarte
Techloop was founded in 2015 by Joao Duarte, Paul Cooper and Andrew Elliott who have over 30 years of collective experience in IT recruitment.