Leading B2B provider of online job marketing and talent acquisition software
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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350+
Enterprise clients served
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3+ million
Jobs distributed every month
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5,000+
Network of digital job boards globally
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72%
Sales outside the Netherlands
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20+
Nationalities working for VONQ
VONQ is a B2B provider of online job marketing and talent acquisition software, assisting European and American corporates and staffing agencies in delivering qualified candidates faster and at lower cost. VONQ’s core markets are the DACH and Benelux regions, with increasing exposure in the UK, US, and globally via its white label indirect distribution platform HAPI, which is made available via partners including leading Application Tracking System (ATS) vendors. VONQ is currently rolling out leading-edge AI agents across multiple instances and use cases, boosting speed and efficiency of candidate screening, assessment and qualification.
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 increased 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 and CTO. We elevated the ESG agenda and reporting and focus on launching specific Diversity & Inclusion products. We support VONQ in the development of AI-driven solutions and 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 as well as key AI initiatives.
“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.”
