Javelo team | Image credit: Javelo
Paris-based Javelo, a startup that provides a goal management application to boost employee engagement while measuring performance, announced on Monday that it has received an undisclosed amount of growth funding from PSG Equity.
PSG is a growth equity firm that partners with software and technology-enabled services companies to help accelerate their growth and build scale across Europe and the US. The firm has already backed more than 100 companies and facilitated over 400 add-on acquisitions.
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Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid, and Tel-Aviv.
Strengthening the HRtech platform
With this investment, Javelo will join forces with Sympa and Recruitee, also backed by PSG Equity, to together lead the way in performance management.
Anne-Sophie Vasseur, CEO and co-founder of Javelo, says, “Javelo joining forces with Sympa and Recruitee marks the beginning of an exciting chapter. We believe that PSG’s investment validates the potential of our platform and our team in the market. Additionally, it is our view that the collaboration with Sympa and Recruitee augments our existing geographic reach and product focus, and will allow us to continue delivering top results for our customers through cutting-edge HR tools.”
Javelo will strengthen PSG’s HRtech platform. The platform offers products in the three key HR software pillars: Recruitment, Core HR and Performance Management.
Founded in 2015 by Anne-Sophie Vasseur, David Guillermain, Gautier Machelon, and Guillaume Berthault, Javelo is a SaaS platform for HR performance management that supports HR teams in digitising appraisal practices.
The company’s platform helps HR departments with tools from evaluation and appraisal to employee engagement, 360-degree feedback, objective tracking, and employee surveys. Currently, the company has offices in Paris, Marseille, and Barcelona and includes clients such as Transavia, Protectas, Domino’s Pizza, and Manpower, among others.
Aim of this investment
Together, Javelo, Sympa, and Recruitee will aim to provide software tools for HR teams in small, medium-sized and larger businesses across strategic HR, people management, employee engagement, recruitment, and performance management.
With over 6,000 customers collectively across Europe, the UK, and the US, and with over 400 employees, each business aspires to develop solutions for innovative HR leaders. Brands such as Red Bull Media House, Breitling, BMW, and TNT have engaged Javelo, Sympa, and Recruitee to help them to acquire high-quality talent, safeguard employee data, and empower teams to make better strategic decisions.
About Sympa and Recruitee
Finland-based Sympa’s digital solution aims to let HR leaders optimise the employment journey through streamlined HR processes, nurturing and development paths, and data-driven strategic decision-making. The company counts brands such as BMW, Dustin, and Byggmax among its customers.
Amsterdam’s Recruitee is a cloud-based ATS solutions provider. The company’s digital software is built for teams to hire better. It offers services such as job board integrations, talent sourcing, applicant tracking, pipeline automation, scheduling automation, and advanced hiring analytics.
Since its inception in 2015, the startup has grown to service more than 5,000 customers from over 75 countries, a majority of which are from the company’s core markets of Benelux, DACH, the UK and the US.
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