VONQ’s market opportunity is substantial, with nearly 3 million job vacancies (source: European Statistical Office) open in its core markets in June this year. Coupled with the ever-increasing talent shortage on a global scale, this illustrates the importance for companies of using the best recruitment marketing technologies in the ‘war for talent’.
VONQ’s commercial objective is to empower hiring teams with recruitment marketing technology to attract the right applicants themselves. To achieve this objective, a significant part of the investment will be dedicated to further strengthening the capabilities of the VONQ technology, as well as leveraging the technology via robust marketplace strategy in Europe and the US. By integrating with more than 2,000 media channels (incl. generic and niche job boards, aggregators, online hubs & communities, social media channels, e-commerce, news sites, and even apps), VONQ’s recruitment marketing technology addresses major challenges of the traditional recruitment agency model: cost and speed to hire, whilst ensuring quality of candidates. The brain of VONQ’s technology, the media recommendation algorithm, leverages job performance data insights to create the best possible channel recommendation for each and every job, thereby empowering hiring teams to post job advertisements automatically and programmatically.
Wouter Goedhart, Co-founder and CEO of VONQ, said:
“We are delighted to have secured this significant investment from capital D. The team is very experienced in taking companies to the next level. In capital D, we’ve found a partner that can further accelerate our growth and help us increase the reach of our recruitment marketing technology on a global scale. We see this as a great opportunity to continue to empower hiring teams to attract the right applicants.”
Jean-Marc Jabre, Co-founder of capital D, said:
“Our focus is on business models which transform industries. VONQ and its leadership team have created an outstanding platform in HR Tech. We see in VONQ the opportunity to become a platform that redefines and resets recruiting for enterprise clients and we look forward to partnering with the team.”
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