Budapest-based Qneiform secures €3 million in seed funding, co-led by UK-based PROfounders and Hungary’s DayOne Capital.
👯 Founder: Thomas Percy (CEO)
📅 Founding year: 2022
🏭 Industry: Human Resources
💥 Problem: Organizations lack visibility into the talent market they operate in and have no option to benchmark themselves against competitors. As a result, they become reliant on external agencies, leading to overpriced, slow, and incomplete recruitment processes.
📣 Solution: An AI-powered software platform, backed by a proprietary database, that enables firms to analyze talent markets and identify their ideal hire.
👥 Customers: Hedge funds, private equity funds, investment banks, and finance recruitment firms
🌱 Stage: Seed
💰 Investment amount: €3 million
🚀 Funded by: PROfounders, DayOne Capital, Keen Venture Partners, Dutch Founder’s Fund
💡 It will be spent on: Expanding beyond Europe and the US, entering new verticals beyond finance, and advancing the data science that links talent decisions to business outcomes.
💬 In their own words:
“This investment round gives us the means to build the product we’ve always dreamed of. The next 2-3 years for us are going to be about how can we take what we’ve built up until now, which our existing customers love, and turn it into an offering that no firm who truly cares about talent, can live without (unless they want to be at a structural disadvantage to their competition),” shared Thomas Percy.
“For me, it was critical to find investors who really understood what we were trying to do, and saw the possibility to build an incredible and sustainable business, even if it initially looks a little unconventional. From the beginning, PROfounders and Day1 just got it. As well as looking forward to discussing strategy, I believe their networks will help us find the perfect team members as we grow,” he added.
💪 Their specialty: AI-powered talent intelligence and market analytics
🔑 Business model: SaaS subscription
👩🏫 Market: Primarily in the UK and US, with some customers in Europe.
📊 Funding so far: €750,000
