Leading B2B provider of online recruitment services
Website vonq.com
Location Rotterdam
Sector Recruitment Tech
Investment date Oct 2019
Vectors of Disruption Job-board fragmentation, social media in hiring, hiring efficiency, diversity & inclusion
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600+
Clients served
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55 million
Job postings in 2022
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5,000+
Network of digital job boards globally
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11,000+
US Diversity & Inclusion posting destinations
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70%
Sales outside the Netherlands
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12
Nationalities working for VONQ
VONQ is a leading B2B provider in the talent acquisition sector focussed on helping US and European Enterprise and SME clients optimise the effectiveness of their employment advertisements across digital job boards, social media and other channels. VONQ does this directly with corporate recruiters and staffing agencies in Europe, and indirectly via partnerships with leading Applicant Tracking Systems (ATS) globally.
Why we invested: VONQ is attractively positioned at the nexus of the demand and supply of talent, allowing it to capture valuable insight which informs its recruiting strategies. It also has a competitive edge from 5,000+ integrated channels, strong recommendations, media buying power and efficient placement in a many-to-many ecosystem. We also saw its disruption potential through the acceleration of the company’s transformation from a service-led to a technology-led business.
Our value-add: We invested in the development and launch of the new indirect channel with application programming interface integrations with leading ATS partners and a market entry into the US market. We strengthened the executive bench with appointment of new CEO, CTO and CFO. We elevated the ESG agenda and reporting and focus on launching specific Diversity & Inclusion products. Finally we continue to scan for attractive add-on acquisition opportunities, having completed the acquisition of IGB in 2020.
What was the outcome: VONQ is still in its investment period and we are supporting the company to realise its exciting US and indirect channel expansion strategy.
“We are delighted to have secured this significant investment from Capital D. The team has real insights into the fast changing recruitment sector and proactively approached us. We see this as a great opportunity to continue to empower hiring teams to attract the right applicants. In Capital D, we’ve found a partner that can further accelerate our growth and help us increase the reach of our recruitment marketing technology on a global scale. We look forward to working with them to build our position in our existing markets and further extend our reach globally.”
