Sunstone et al. raise $6m series-A for Sourced
Venture capital firms Sunstone Capital, Otium Venture and Kima Ventures have raised a $6m series-A round for Madrid-based online recruitment platform Sourced.
According to local press reports, the company intends to use the capital injection to open new offices in London, Paris, Stockholm, Amsterdam, New York, Boston and San Francisco. Furthermore, the business intends to expand its team up to 55 people in 2016.
Financial details surrounding the transaction were not disclosed at the time of publication.
Company
Founded in 2015, Sourced develops a proprietary platform focused on the recruitment market. The company is headquartered in Madrid and also has a presence in Berlin.
The business expects to generate €1m in revenues in 2016 and employs a staff of 23 people.
People
Otium Venture – Pierre-Edouard Stérin (chair).
Kima Ventures – Xavier Niel (founder).
Sourced – Eiso Kant (co-founder, CEO); Jorge Schnura (co-founder, chief operational officer); Philip von Have (co-founder).
More on Early-stage
Sidekick spinoffs: Insurtech scale-ups attract PE interest
Investment set to break EUR 1.1bn mark this year as sponsors seek for rising stars
World Fund leads EUR 128m raise for quantum computing group IQM
Series-A2 for Finnish startup focused on combating the climate crisis also backed by the EIB
Gorillas raises circa USD 1bn in Delivery Hero-led Series C
New funding comes just seven months after a Series B, with the company doubling in value
French mega-rounds shoot up in 2021
France has already seen as many rounds of EUR 100m and above than in 2019 and 2020 combined, Unquote Data shows
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater