nexten.io, a recruitment platform connecting tech profiles and companies, announces the closing of a round of financing of more than €1 million – €1,387,000 – with various institutional and private investors, including Expon Capital through the Digital Tech Fund.
Photo: In 2021, Eric Busch will be looking to add new features to the platform, and is looking to France to further develop the offerings / Credits © nexten.io
The opportunity for nexten.io to also unveil a new pricing formula to companies, which promises to break the traditional codes of recruitment. The recruitment specialist does not intend to stop there and is targeting the French market for 2021.
nexten.io in figures: a turnover of 340.000 € in 2020, 85% of which will be realized in Luxembourg, 124 transactions realized, 12 employees, 6 hires planned in 2021, more than 150 customers including atHome, Editus or Jemmic and an ambition of a turnover of 650.000 € in 2021.
“nexten.io is the fruit of my experiences in the recruitment and IT sector.”
No subscription, 10% commission and full guarantee
The observation is indisputable: nowadays, especially in the tech market, recruitment agencies with sometimes dubious practices and high commissions have created mistrust among tech candidates.
The spearhead of nexten.io? Simplify recruitment in the tech environment by eliminating the intermediary between candidates and companies, allowing the former to take full control of his professional career, and the latter to secure the recruitment of new talent. The platform is accessible without subscription.
“nexten.io is the fruit of my experiences in the recruitment and IT sector. It meets a simple need: to enhance the value of direct human exchanges between candidates and companies, while offering a high quality of matching and a transparent and fluid user experience,” explains Eric Busch, CEO and founder of nexten.io.
Companies and candidates have access to a 100% digital platform, accessible from any device (smartphone, computers, tablets…), and can thus freely “match” each other, and contact each other if the interest is mutual. Transparency, simplicity, and fluidity are the many values of user experience that nexten.io has instilled in its platform since its creation in 2018.
“On the corporate side, we only charge 10% commission per recruitment, and offer a guaranteed refund, if the candidate does not stay more than 6 months in his new company. Obviously, for the candidate, access is free. A bold and disruptive bet in this market, where commission rates are around 20 to 30% for traditional players” explains Eric Busch, CEO and founder of nexten.io.
“Our teams have worked hard to deliver a stand-alone matching solution capable of connecting thousands of candidates and companies.”
1.3 million euros to shake up the market
In 2020, nexten.io has raised €1,387,000 from institutional and private investors, including Expon Capital with the Digital Tech Fund.
The funds raised have enabled it to refine its matching system between candidates and companies, and to enhance the user experience of the platform by injecting more branding into its solution.
“A product that lives up to our ambitions,” returns Eric Busch. “Our teams have worked hard to deliver a stand-alone matching solution capable of connecting thousands of candidates and companies. The initial feedback from candidates and companies has been more than positive”.
In 2021, nexten.io will be looking to add new features to its platform, and is looking to France to further develop its offerings.