Francisco Partners leads $50m round for Talentsoft

Existing investors BPI France and Goldman Sachs also committed to the latest financing.

The fresh capital will be used to accelerate the company's international development, invest in the product and enable external applications on the platform.

The round closed in December last year; the company claims that the funding round was in the top 10 largest funding rounds for enterprise software companies in Europe in 2018. According to Unquote Data it was the eighth largest to be backed by a PE or VC firm.

Previous funding
The company's first institutional backer was French VC Seventure, which deployed €1m in early-stage capital in return for a minority stake in June 2008; the firm followed this with a €1.6m injection in October 2009 to accelerate the company's expansion on the commercial side.

In January 2011, amid reports from Talentsoft that it had tripled in size between 2009 and 2010, a further €3m was injected by Seventure alongside new backer Alto Invest.

A fourth round took place in March 2012, when BPI France became a minority shareholder via a €1m investment. The state investor stayed on board during a €15m fifth round for Talentsoft in September 2013, led by Highland Capital Partners Europe.

Goldman Sachs entered the capital structure in 2015 investing €25m in the business in exchange for a minority stake. Talentsoft was aiming to use the funding to triple its revenues from €29m to $100m by 2019, it employed 300 people at the time.

Company
Talentsoft was founded in 2007 and is headquartered in Paris. It develops and sells cloud-based talent management software for its nine million users. The software is available in 27 languages and is used in 130 countries. It recorded 33% growth in 2018 and employs 600 people.

People
Talentsoft – Jean-Stéphane Arcis (CEO).

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• Topics
• Expansion
• France
• Technology
• France
• Francisco Partners
• Goldman Sachs
• BPI France