Talentware, a Milan-based startup operating in the human resources sector, announces that it has closed a first round of pre-seed funding of 800 thousand euros to give strength and concreteness to its goal of helping companies in data-driven workforce planning and talent development and retention. As part of its growth strategy, this first round enables the company to respond to the growing demand from medium to large companies and achieve a prominent position in the skill-based talent management industry. Launched by three Bain Alumni and supported by leading figures from the business community, Talentware has been backed by 360 Capital, highlighting the importance attached to the HR-tech sector. A pre-seed funding to strengthen the team and accelerate growth. Since its founding, Talentware has embraced a mission to help companies engage, develop, and retain top talent from within by offering skills-based talent management capabilities. The platform, thanks to its AI-powered technology, aims to guide employees in their career paths, while simultaneously empowering organizations to make informed strategic decisions about their workforce. More than 45% of employees’ core competencies will change in the next five years due to the impact of technology, which requires companies to implement effective upskilling and reskilling processes to remain competitive. In this context, combined with the increasing difficulty of attracting and retaining young talent, Talentware enables the necessary transition from a role-based to a skill-based organization. Talentware offers a modular SaaS platform to provide companies with a complete solution, including AI-powered skills mapping, internal planning and mobility capabilities, development paths based on individual skills gaps, and growth path review capabilities through automatic tracking of feedback and progress. “Today’s companies are inundated with information but often blind to their most important asset: people. With Talentware, we want to provide companies with the right tool to enhance their talent management processes,” Andrea Raimondo, co-founder, said in a statement. “As former employees of major companies, we know the value of having personalized development and career opportunities. With Talentware, employees have a co-pilot of their career path, which facilitates growth within the company instead of forcing them to look for alternative jobs,” says Giacomo Marchiori, co-founder. “We have noticed how medium and large companies, both in Italy and abroad, are deeply reconsidering how to manage and map talent internally in a rapidly changing work environment and is moving towards new models of talent retention: this is where Talentware comes into play. We are happy to support them on this journey,” said Lucrezia Lucotti, partner at 360 Capital.
The talent management platform
In just six months since its founding, Talentware has successfully conducted beta testing of its platform with three design partners across Europe, exploring different use cases across various industries and company sizes. After converting these partners into customers, Talentware is now releasing the final version of the platform as it expands to new European customers, while also leveraging strategic partners as key players in the consulting and HR industry. The proceeds of this funding round will be mainly used to strengthen the team, through the hiring of technical and commercial staff, in order to foster the growth of Talentware and the achievement of its ambitious goals.
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