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How talentsconnect doubled their customer growth within a few months using re:cap

Impact

+101%

Growth of new customers

Compared to previous months before using re:cap

talentsconnect
in a nutshell

talentsconnect enables recruiters to effortlessly realize attractive company career pages. With talentsconnect’s “JobShop”, these career pages are created in no time, integrated into the company’s website in their look-and-feel without additional agency costs and are fully optimized for Google for Jobs.

The challenge

‍Expanding to SMEs & replacing existing line of credit to accelerate growth

After building up a track-record with large enterprise companies, expanding into the SME sector became the next strategic priority for talentsconnect to accelerate growth.

Thus, getting funding to support growth with the needed flexibility was crucial, as CEO Robin Sudermann highlighted: “Once we realized that there was more room to grow, the question became how to raise funds to capitalize on the opportunity at hand”.

However, fundraising usually takes several months, requires additional management attention and results in  further dilution of equity. talentsconnect needed a new, flexible funding option that allowed management to focus on their core business and accelerate growth.

The solution

re:cap funding to fuel revenue growth and accelerate their path to profitability

With re:cap, companies can get funding to accelerate business growth on their own terms and invest in marketing, sales or other expansion activities. For talentsconnect, re:cap checked all the boxes.

The process to get funding from re:cap took days – not months – giving talentsconnect time to focus on strategy and business, rather than investor relations and fundraising. With re:cap, talentsconnect increased the flexibility of their current capital stack and was able to act on a market opportunity quickly, without having to give away any more ownership of the company.

“Traditionally, you would need to put your focus on a fundraising round. You would have to conduct investor relations for every new contract, new venture debt, new venture capital – but with re:cap, you have the possibility to sign a framework contract and then draw the funds you need, when you need them, without new negotiations.”

Max Vogt
Director Finance, talentsconnect

re:cap’s terms made it easy to communicate the benefits to the stakeholders compared to other debt products. With the received funding, talentsconnect was able to accelerate their path to profitability. With the available funds, talentsconnect has built up their cash buffer and gained substantial financial freedom.

Since re:cap’s first investment in May 2022, talentsconnect was able to increase their new customer growth by 101% compared to previous months by investing in market segment expansion and high return marketing activities.

For re:cap’s growth funding, it is ideal to have a solid customer base which enables an accurate assessment of returns on investment. This was the case for talentsconnect – they knew how much impact boosting marketing channels or growing the sales team would bring and were able to expand their market presence efficiently with re:cap’s funding. Learn more about re:cap’s growth financing here.

More about
talentsconnect

talentsconnect connects talents and companies through technology.

For more than ten years the team at talentsconnect has been developing software solutions for personnel marketing and HR departments. While doing so, they realized how much companies today depend on digital job boards and headhunters and how much money is spent on these intermediaries, often with mediocre results.

They decided it's time to tear down the technological barriers that make it difficult for companies to directly target talent and win them over online. Thousands of successful online stores deliver the proof: on the internet, even smaller companies can successfully address their target group and convince them of their product offerings. Why shouldn't this also work for job offers?

That's why talentsconnect has focused all efforts on a product that enables large and small companies to optimally offer jobs online and market them directly. Very straightforward, like in an online store.

talentsconnect calls this product the JobShop.
Their customers call it Independence.

Learn more about talentsconnect: www.talentsconnect-ag.de

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