TalentSoft raises €15m

The growth capital will support the firm's product development and European expansion. TalentSoft intends to open new offices and recruit a further 60 staff.

FSN PME is the French National Fund for Digital Society. The state-backed vehicle is managed by BPI France Investissement and focuses on high-tech companies in France.

Previous funding
In 2008, Seventure Partners committed €1m to TalentSoft. The following year, the VC injected a further €1.6m into the firm.

In January 2011, historical backer Seventure participated in a €3m round for TalentSoft, with co-investment from Alto Invest. FSN PME and CDC Entreprises entered the company's shareholding in March 2012 via a €1m capital injection.

Company
Founded in 2007 and based in Boulogne Billancourt, TalentSoft develops cloud-based software solutions to enable businesses to manage their HR requirements. The firm's software has around 3 million users in 100 countries. Customers include Air France, EQT, Sage and Accor.

People
Tony Zappala is a partner at Highland Capital.

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• Topics
• France
• Technology
• Expansion
• France