Andjaro investment from Idinvest, Balderton & Arkea

The HR Tech management platform raises 13.4 million euros to accelerate its development and deploy its staffing solution in Europe

After raising 5 million euros in 2018 from Balderton Capital and, Andjaro, key HR Tech company, is raising 13.4 million euros in series B. A new round of financing started before the ongoing health crisis, led by Idinvest Partners via the MH'Innov fund, joined by the investment company Sofiouest, We Positive Invest, the societal innovation fund of the Arkéa group, as well as funds managed by Alliance Entreprendre and SWEN Capital Partners.

This new fundraising will allow Andjaro to pursue its commercial development strategy, targeting in particular new sectors and developing its technology and services in Europe.

Co-founded in 2015 by Quentin Guilluy and Ivan de Pontevès, Andjaro aims to simplify and flexibilize the search for employees for specific missions by prioritizing internally. The start-up offers a platform connecting managers looking for staff with voluntary employees available in the company.

"The economy of tomorrow needs viable and useful solutions like Andjaro. We are convinced that the current workplace transformations present an opportunity for continued innovation towards a positive and lasting impact on employment, "says Nicolas Debock Managing Director at Idinvest Partners. "We were impressed by Andjaro's ability and agility to support its historic clients. This demonstrates the relevance of their solution. We are delighted to make the company benefit from Malakoff Humanis' expertise on the French market and our expertise in internationalizing start-ups. "

Andjaro, a key player in staffing in Europe, will increase its international development particularly in Western Europe, and accelerate its development in the sectors of industry, logistics, banking, and public services in France.

To be able to further support organizations in their objective to preserve the most vulnerable jobs - blue-collar workers -, Andjaro also intends to invest more in its technological solution. The R&D team has since the beginning been working on a "Workforce Intelligence" model based on a matching algorithm. Andjaro intends to strengthen this algorithm, which matches available staff in real time with the needs of operational teams.

This SaaS solution has already attracted international groups such as : Sodexo, Elior, Compass, ENGIE or even Starbucks and Benefit Cosmetics, some of which have utilized it in their response to the health crisis: “We have to be able to quickly replace some of our existing employees, who can no longer go to their usual place of work because they are confined. We are playing the internal mobility card to the full by relying on Andjaro, who calculates commute times and allows us to reallocate our available resources almost day to day on busy sites ", explains Arnaud Debart-Johner, Elior Restauration’s HR Director , CEO of Elior Group.

"In the current state of the world economic situation, employment is likely to be severely impacted. This fundraising will allow us to secure our cash while continuing our ambitious hiring plan "adds Quentin Guilluy. "Our DNA pushes us to hire a permanent contract and we will not derogate from it! ", explains Quentin Guilluy, co-founder and CEO of Andjaro.