Bias-free Hiring Platform Bryq Raises €1.2 Million in Seed Financing to Meet Employer Demand for Skilled Workers
Investment provided by BigPi Ventures, the team which has supported companies like Workable, PERSADO and BEAT
Talent assessment platform Bryq announced the closing of its €1.2 million seed funding round by BigPi Ventures, a seed-stage and technology-transfer €45 million fund with experience in supporting scalable and innovative tech solutions in Human Resources, such as Workable.
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Bias-free hiring platform Bryq raises €1.2M from BigPi Ventures to help meet employer demand for skilled workers and boost Diversity & Inclusion
Bryq offers a science-backed talent assessment platform to help companies remove bias from hiring and meet employer demand by enabling companies to hire for the specific skills required for each role.
“Our experience has shown that the one common denominator in all successful companies has been great talent – Bryq has impressed us with its ability to support talent decisions, providing its customers with a rare competitive advantage.“ said Aristos Doxiadis, Partner, Big Pi Ventures. “The recent global crisis and upheaval in the employment market make Bryq an essential tool for survival”.
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The company, which launched its platform last October after two years of research, development, and validation, intends to use the funds to grow its reach and further refine its product offering. Specifically, Bryq will:
- Grow its U.S. operations to serve a growing base of U.S. customers
- Introduce new tools to facilitate objective, bias-free decisions for individual development, team development, and internal mobility
- Expand sales and marketing efforts to capture growing worldwide demand
- Accelerate the addition of world-class talent to the team, to keep up with the rapidly growing customer base
“The effects of the COVID-19 crisis have highlighted the systemic barriers faced by well-qualified candidates, who are struggling to get a foot in the door while companies are struggling to develop and implement bias-free hiring processes,” said Markellos Diorinos, CEO, Bryq. “This investment round from BigPi will allow Bryq to make simple, bias-free hiring available to more companies.”
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