Sunstone and Impulse invest $3.1m in Tyba

The new funding will be used for product development and marketing purposes, with the company aiming to double its existing client base.

The investors stated they were attracted by Tyba's management team and its services' growing popularity among start-up businesses.

Following completion of the deal, Impulse will appoint a representative to the Tyba board of directors.

Previous funding
In 2013, Sunstone invested $1.2m in Tyba.

Company
Founded in 2011 and headquartered in Madrid, Tyba is a provider of online recruitment services focusing on the hiring of graduates by start-ups. The business employs less than 50 people and currently has a client-base of 500 start-ups across 14 cities.

People
Jimmy Nielsen Fussing is managing partner at Sunstone. Izzat Abou-Amarah is CEO of Impulse. Eiso Kant, Jorge Schnura and Philip von Have are co-founders of Tyba.

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• Topics
• Expansion
• Support services
• Southern Europe
• Spain
• Sunstone Capital A/S