HR Technology Startup Clustree Raises $8 Million
Clustree announced it has secured $8 million in Series A financing. Three investors participated in the round: Creandum, IDinvest Partners, and Alven Capital Partners.
Based in Paris, France, Clustree is a talent management and internal mobility tool that offers matching suggestions between talents, jobs and careers, using collective intelligence and analysis of a company’s strategic business issues. Clustree analyzes 80 million existing career pathways from all over the world and across more than 200 industries to provide guidance to career and recruitment departments inside large companies. The company was named “Cool Vendor 2016″ by research company Gartner and was recognized as Innovation of the Year by the French Ministry of Economics and Finance.
The company revealed that today’s funding round will be used to hire additional people across its functions. The plan is to get more clients in France and to begin international expansion.